Could Solana Price Reach $1,000 If Crypto Market Cap Rockets To $5 Trillion?

SOL, the native cryptocurrency of the Solana ecosystem has been trading sideways over the past three weeks amid broader market consolidation. A look at the daily chart shows the $160 support and an emerging trendline is bolstering to maintain the prevailing uptrend and prevent major correction. Moreover, the Solana price developing a bullish continuation pattern along with recovery in On-chain activity hints at the potential of a prolonged rally.