Despite recent price declines, Solana continues to capture attention, with analysts split on whether the asset is headed for a major breakout or further decline. Here's a detailed breakdown of the latest forecasts:

📉 Recent Price Movement

Solana has faced a significant price dip, falling from a high of $161.62 to trade below $137 this week.

In the last 24 hours, the token saw a 4.48% decline, sparking concerns among some traders.

Criticism from notable figures like Edward Snowden has added to the negative sentiment.

📊 Bullish Forecasts for Solana

💡 Crypto Analyst Jelle:

Despite the dip, Jelle, a popular crypto analyst with 91,000 followers, remains optimistic.

He highlights Solana’s resilience in maintaining its consolidation range between $125 and $165.

Jelle believes Solana could surpass its all-time high of $260 and even reach a new peak within three months.

📈 Potential Upside: Solana's strong performance could push it into new price territory, driven by improving market conditions.

📈 Conor Kenny:

Kenny projects Solana could achieve a $1,000 per coin valuation, drawing parallels with the token’s impressive growth in mid-2021.

This optimistic forecast is shared by several other analysts, fueling excitement around a potential bull run.

🔼 Davinci Jeremie:

Crypto commentator Jeremie also supports the view that Solana could hit $1,000, aligning with other bullish projections.

⚠ Bearish Warnings

🛑 Matthew Dixon, CEO of Evai:

Dixon urges caution, suggesting the recent upward movement is corrective rather than impulsive.

He highlights that last night’s price drop invalidated a potential bullish setup, raising the probability of lower prices ahead.

While Dixon did not provide a specific price target, other analysts warn Solana could drop as low as $55 in a bearish scenario.

🔼 Conclusion

Solana’s future is split between bullish optimism and bearish caution. While some analysts foresee a path to $260 or even $1,000, others remain wary of a deeper correction.

🔍 Disclaimer: This post is for informational purposes only and should not be considered financial advice. Always DYOR (Do Your Own Research) before making any investment decisions!

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