Solana Retraces 10% as Analysts Predict Potential $130 Retest
Solana (SOL) has experienced a 10% decline over the past week, dropping to around $145 after reaching a monthly high of $168. Analysts are mixed on future movements:
Current Price Movements
- Retraced 15% from monthly highs.
- Trading in a range between $145-$180 since May breakout.
- Key resistance at $155-$160 indicated by a falling wedge pattern.
Analyst Predictions
- Lluciano suggests potential further dip before significant upward movement.
- Targets for SOL include $165, $183, and $220 with potential breakout.
- Crypto Bullet predicts a dip to $125-$135 before bouncing back.
- Altcoin Sherpa notes that SOL may not outperform Bitcoin in the long term.
As of now, Solana is trading at $145, marking a 12.1% decrease over the month.