Year.

4. Short and Long-Term Forecasts

- Short term (Days to Weeks):

- A correction to $139 by May 2025 is possible if support at $140 fails.

- If resistance at $155 is broken, the price may target $250–264.

- Long term (2025–2030):

- Bullish forecasts reaching $400 with increased network adoption and ETF approvals.

- The "cup and handle" pattern on the weekly chart reinforces the likelihood of a long-term rise.

5. Risks and Challenges

- High volatility: Historically, Solana has recorded sharp fluctuations between $95.5 and $294.8 over 52 weeks.

- Regulatory pressures: Previous rejection of ETFs by the SEC may impact confidence if repeated.

- Competition: Increasing competition with other blockchain chains like Ethereum and Binance Smart Chain.

Summary:

Today, Solana faces short-term selling pressure with the price dropping to $146, but fundamental factors such as ETFs and DeFi performance enhance the bullish outlook in the medium term. Traders are advised to monitor $140 (support) and $155 (resistance) levels to determine the upcoming trend, while the current pullback is seen as a potential buying opportunity for long-term investors given the positive outlook.

$SOL