Due to widespread expectation of $1,000 SOL, it is likely to top out between $600 and $700 this cycle, rather than reach $1,000 or higher.
"As you might have guessed, there's just one small problem, and that's that everyone expects Soul to hit 1K. What this means is that we're once again likely to see one of two scenarios. Either traders start taking profits early, causing Soul to top somewhere around $600 or $700, or we see Wales purposely pushing Soul's price above 1K, causing everyone who took profits early to FOMO back in at around $1,200 to $1,300. And in case you're wondering, the reason why these ranges are different from ETH is based on our technical analysis from earlier."