Solana $SOL has shown strong performance in 2024, with year-to-date gains exceeding 100%, fueled by increased adoption and significant social media engagement. Analysts have mixed outlooks for Solana's price as 2024 concludes.

Optimistic forecasts suggest that SOL could reach $300 to $350 by the end of December if bullish momentum persists and broader market conditions, such as Bitcoin's stability, remain favorable. However, risks such as potential corrections and network issues could limit upside movement. Key support and resistance levels around $250 and $300 will play a crucial role in determining Solana's price trajectory.

Short-term challenges include network congestion and a recent decline in sentiment, which could dampen its price. Despite these risks, AI models and technical indicators maintain a positive long-term outlook for Solana, contingent on continued adoption and positive macroeconomic trends.

As of now, Solana trades around $204, with expectations of steady growth if market conditions align.

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