$40 is only 2x the current price, but to reach that target this year I think there are several influencing factors, where if the bearish season ends this year it might be achieved, but I think it will happen, even if not for this year, solana is a potential altcoin where many investors are glancing at it and are also at the top of coinmarketcap, therefore in investing we must be patient waiting for it to reach the target we want, but I think it is difficult for this year solana can achieve it, considering today just this bitcoin had a small dump before the halving happened
Despite the dump of the price of Bitcoin few hours ago, I don't think that dump will take a long time before the price will pump back for bull market to occur so that other cryptocurrencies price will start pumping in a way Solana investors will start experiencing good income from their investment. If Solana price want to hit $40 before the end of this year 2023, I think it is possible for such price to happen, because the price of Solana is still between $21 and $20 which anything can still happen in this season for those that invested in Solana to smile. I believe the next move of Solana price will be $30 or above to encourage their investors that there is a bright future ahead of those that invested in Solana.