#solana $SOL #UpdatAlert

SOL has experienced notable volatility recently. After peaking at $163, it dropped by 6% to $154 but has since stabilized above $157, indicating that bullish momentum is regaining strength. 

Technical indicators suggest that SOL is consolidating near the $160 resistance level. Analysts anticipate a potential breakout, with targets at $175 and possibly $187 if the upward trend continues. 

Institutional interest in Solana remains strong. A recent $106 million transaction by a major holder and a $3 million long position opened by a trader highlight this confidence. 

Looking ahead, some analysts project that SOL could reach $200 in the near term, with long-term forecasts suggesting potential peaks between $400 and $500 by the end of 2025, driven by increased adoption and institutional investments. 

However, it’s important to note potential risks. For instance, the possible departure of Pump.fun, a significant contributor to Solana’s meme coin activity, could impact network usage and demand for SOL.