🫨🫨🫨The Solana ecosystem ($SOL ) is suffering from decline. Over the past 24 hours, SOL has seen a 5% drop, pushing its price to as low as $166.20. The latest price drop is part of a larger correction that began two days ago.
- This change is reflected in the trading pair $SOL /$ETH , which has dropped 22.65% since the SEC action. Such potential changes in investment focus could divert capital away from Solana, affecting market dynamics and the company's price performance.
!!!However, analysts like James Seyffart believe that the Solana ETF could see more demand than other altcoins.
Expert predictions for June 2024
⛷️⛷️⛷️Despite the current bearish trend, crypto experts remain cautiously optimistic about Solana's prospects in the coming month. Projections indicate that SOL could recover. The asset is expected to trade at a minimum price of $176.90. The potential average cost is around $192.49 by June 2024. Meanwhile, the altcoin will trade as high as $208.07 next month.
