Ready! Solana is getting better, the target price is at this level too!

<p>&nbsp;"Does it seem possible for the SOL price to reach that level this week?"</p><p><br /></p><p>After the cryptocurrency Solana (SOL) regained its upward momentum by crossing $20, Cubic Analytics Founder Caleb Franzen revealed a three-step strategy for the price to hit $27.</p><p><br /></p><p>According to his opinion on SOL on his Twitter account, Franzen believes the price of SOL is poised to continue rising higher in the near future.</p><p><br /></p><p>The three main steps Franzen mentioned earlier that SOL needs to follow for its price to pass $27 is the trend line breakthrough, which is the first step that signals a shift in crypto market sentiment.</p><p><br /></p><p><br /></p><p>Once the trend line is broken, the second step suggests that SOL should use the newly established trend line as a support zone then the last step to be done is to set the target at $27.</p><p><br /></p><p>Currently, SOL plunged by 2.90% at $21.04 with a market cap of $8 billion, where there is now around a 23.88% increase for the digital asset reaching $27 from the current price.</p><p><br /></p><p>It is well known that SOL reached an all-time high of $260.06 on November 6, 2021, but slipped by 91.56% to $0.50 on May 11, 2020 and has since seen a 4,242.71% climb.</p><p><br /></p><p>Although the SOL ecosystem is now facing various challenges when the Securities and Exchange Commission (SEC) defines its token as a security, Drift Protocol which offers liquid staking for the digital asset has pushed its price to $20.</p><p><br /></p><p>However, it should be noted that the delisting of SOL from Robinhood Markets and Celsius can affect the short-term performance of the digital asset.</p>