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Solana (SOL) has been making waves in the cryptocurrency world, with its price surging to an 18-month high of nearly $70. But it’s not just the price that’s catching attention – Solana’s decentralized exchanges (DEXs) have also seen a significant increase in trading volume. In just one week, the trading volume soared by 35%, surpassing $3 billion. This not only highlights the strong performance of SOL but also solidifies its position as a major player in the decentralized finance landscape.Adding to the excitement, a well-known trader who accurately predicted Bitcoin’s floor price in 2018 is now bullish on Solana’s future trajectory. With a considerable following on social media, the trader shares an intriguing perspective. Pointing to a recent retracement to $54.78, the trader suggests that this could be a preparatory phase for a rally. This insight has sparked anticipation among followers, who are eagerly awaiting the unfolding market dynamics as guided by the trader’s market acumen.According to the trader’s analysis, the correction witnessed last week has strategically positioned Solana for a significant shift in its market trajectory. Rather than signaling a setback, this correction is seen as a stepping stone towards potentially establishing a new high in 2023. The trader observed a compelling low timeframe accumulation break on the crypto chart, indicating a potential shift in momentum. Expressing confidence, the trader noted the recent completion of a running flat correction, suggesting a positive outlook and the likelihood of reaching new highs in the upcoming phase.Analysts now have the opportunity to forecast Solana’s potential future price trajectory based on its recent gains. Some predict that during the next cryptocurrency bull run cycle, Solana could reach an astounding $1,000. However, it’s worth noting that the FOMO (Fear of Missing Out) effect related to Solana has peaked, suggesting that a correction may be on the horizon.Based on the trader’s chart, it appears that the trader believes SOL will first rise to around $70 and then potentially reach $82.50. As of now, SOL is selling for $56.75. With its current market cap at $23 billion, Solana continues to be a cryptocurrency to watch in the ever-evolving crypto realm.