Look! ! up to date! ! Solana Price Pulls Back, Analysts Predict Further Falls Possible in Short-Term

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Solana’s price has experienced a significant correction since reaching an all-time high of $263 in November. Cryptocurrency analysts predict that SOL may continue to fall in the short term.

Crypto Sensei analysis believes that the price of Solana may drop to $167 by the end of December as it is currently approaching the 200-day exponential moving average (EMA) level, which is around $167. Another analyst, Fred, also expressed concerns about Solana’s price, believing that SOL is about to face a critical decision point.

Despite the bearish short-term outlook, Solana's long-term potential remains. VanEck predicts that Solana could rise to $500 next year, while Bitwise is bullish on $750. Lucky Asset Management believes the current market sideways offers an opportunity to invest in Solana.

Overall, while Solana may continue to be volatile in the short term, its strengths in innovation and resilience are likely to drive growth in the coming years.

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