Solana rally mimicking Ethereum? Why a $500 SOL price target could be ‘conservative’ By Cointelegraph

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Solana rally mimicking Ethereum? Why a $500 SOL price target could be ‘conservative’

A high-flying Solana (SOL) refused to land even in the face of a brutal sell-off in the cryptocurrency market on Tuesday. Two days later, the price of SOL rebounded to another new all-time high.

The exchange rate averted a big pullback over the previous 48 hours and reached $217 for the first time in history.

SOL/USD daily price chart. Source: TradingView
Solana’s top rivals and price performance. Source: TradingView