As per The Coin Republic, Solana (SOL) price edged lower on Tuesday, trading near $185 amid a broader risk-off tone in the crypto market. A top analyst suggested that the price could either surge to a new all-time high of $1,200 or drop to $50. The token, which has risen over 3,700% since December 2022, is currently consolidating within a symmetrical triangle pattern, with key resistance at $225 and support levels at $105 and $65. A breakout above $210 could open the path to higher prices, while a breakdown could lead to a deeper correction. Meanwhile, Jupiter, a Solana-based decentralized exchange, launched a prediction market for the Formula One Mexico Grand Prix, powered by Kalshi.
Solana Price Could Surge to $1200 or Drop to $50, Analyst Predicts
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