Pressure Mounts: Is Solana (SOL) Poised for a Significant Shift?

Solana's Bollinger Bands have indicated a possible surge in volatility, even though the cryptocurrency has recently experienced a slight decrease in value. Despite this, experts remain optimistic about SOL, predicting prices between $240 and $300.

Solana's value has dipped by 3% in the past week, trading at roughly $148, with little volatility observed in the last few hours. The Bollinger Bands indicator suggests this calmness could give way to massive price action soon. This pattern has led to significant bull runs in other cryptocurrencies in the past.

Meanwhile, SOL has still seen a near 20% rise this month, with experts like Jelle and BitBull predicting a continuation of this upward trend, potentially reaching over $300.