đ Current Outlook
Solana has come under pressure recently, with some forecasts pointing to short-term weakness. DigitalCoinPrice+2AMBCrypto+2
MEXC projects $SOL around $154 USD over the next 30 days. MEXC
According to AmbCrypto, SOL might range between $158â$182 in the coming weeks. AMBCrypto
âď¸ Key Drivers
Protocol Upgrade
An upcoming âAlpenglowâ consensus upgrade is expected to significantly speed up transaction finality (~150ms). That could boost Solanaâs competitiveness. CoinMarketCap
ETF Momentum
Institutional interest is building: the Bitwise Solana Staking ETF has launched, potentially bringing more capital into SOL. Reuters
On-Chain Activity
Some on-chain data suggests a slowdown, which could weigh on SOLâs fee generation and growth. Reddit
Others remain bullish on long-term fundamentals, pointing to real utility and throughput as underappreciated. Reddit+1
â ď¸ Risks
Macro risks (e.g., interest rate uncertainty) could sap risk-on flows. Barron's
If SOL breaks below $145â$150, some analysts see potential for a deeper drop toward $125â$130. Reddit
Competition from other blockchains remains strong; Solana must continue to deliver on speed and utility.
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My Take
Solana is at a crossroads: the long-term fundamentals are still compelling (fast network, big upgrade coming, institutional flows), but near term, the risk is real. If youâre a medium-term investor and believe in Solanaâs ecosystem, this could be a buying opportunity, especially if key support holds. For traders, itâs worth watching $145â$150 closely â a break there could open a short-term downside; a bounce, on the other hand, might set up a rally.#MarketPullback #ProjectCrypto #solana #solćżĺ #shibaâĄ
