SOLANA on the verge of a parabolic breakout

Hi all, happy Saturday. SOLUSD has seen a recent rapid rise due to increased memecoin volume and a proposal a Solana ETF. The new administration could also bring potential further bullish momentum for the alt-coin.

In addition, from a technical perspective, Solana has recently break it's previous 2021 all-time high on strong volume which is possible bullish sign for continued upward momentum in the coming months.

Highlighted is an ultra-bullish scenario where we see a 10x move to the upside similar to 2 previous occasions shown in the chart. More conservatively, I am confident we can see a $450-$500 price by the end of this calendar year - which would still yield an impressive 100% return.

Happy trading, and have a great weekend!