Analysts foresee Solana's imminent surge to $165.

Ethereum rival SOL could spike in the near term after breaking out of its four-hour chart pattern, potentially to $150 to $165 per token.
According to renowned analyst Ali Martinez, Solana's price could increase by another 47% above $106, a move that would then push the price up to $165.

https://twitter.com/ali_charts/status/1745427405156516075/photo/1

Bull Flag is a chart pattern that appears when the price of an asset is rising rapidly and is likely to continue to rise.
What is important about this pattern is its impact on market psychology.
The pattern shows that after a strong increase, the asset price does not decline much because there are still many buyers who want to participate. When there is a breakout from the flag, its price skyrockets.
The price of Solana has increased more than 480% in the past 12 months, SOL coin is still recovering after the collapse of the FTX exchange and the impact of the Sam Bankman-Fried case.
Solana's ecosystem is growing in adoption, especially with the sale of Saga phones following a $30 million BONK token airdrop for each new owner of the phone.
The analyst believes that SOL's price could continue to rise, especially since he previously accurately predicted Bitcoin's 2018 bottom.