$SOL Price Update & Forecast 🚨🚨🚀🚀
Hey everyone! Quick update on Solana—SOL dipped slightly under $150, losing about 5–6% recently after large amounts of SOL were sent to exchanges—reportedly over 3 million tokens in just three days. This triggered heavy selling and tested the psychological support at $150. Analysts now say regaining that level—and holding above ~$153—is crucial to avoid a deeper slide.
But it’s not all gloom—Solana's fundamentals remain strong: the network continues to see explosive usage, with around 7 million active daily wallets and over 100 million daily transactions. That shows robust ecosystem activity, even if price action is lagging.
Let’s talk predictions:
BeInCrypto spotted a potential bullish "cup and handle" pattern on the charts. If confirmed, it implies a nice breakout could send SOL up by ~70%, putting a mid-term target near $285, with near-term resistance around $176–$194.
Finbold, using AI-powered forecasts, projects a more conservative year-end target in the $180–$190 range, assuming SOL maintains support near $160.
SOL is at a crucial juncture. The breakdown under $150 raises caution, but strong network fundamentals and bullish chart signals offer hope for a rebound. If speculating, $150 is the line to watch—break above $153, and things could get urgent to the upside.
