Solana is currently experiencing high volatility, with its price around $160-$165. The cryptocurrency has seen a notable increase over the last three months, though it has experienced a recent dip.
Analysts are divided, with some anticipating a bullish breakout to $200 or higher due to a technical "cup and handle" pattern, while others point to ongoing volatility and past network outages as potential risks. The network's future is also tied to the potential approval of spot Solana ETFs and upcoming upgrades like Firedancer, which could boost its speed and reliability.