Solana drops 6%, projected to decline further amid market volatility

Solana traded at $208.22 on Tuesday, November 12th, marking a 6.03% decrease, down $13.36 from the previous session, as broader market conditions and risk-off sentiment weighed on crypto assets.

Solana drops 6%, projected to decline further amid market volatility

Over the past four weeks, Solana has shed 41.37% of its value amid heightened market volatility. However, it remains up by 300.94% year-over-year, reflecting solid gains from its prior growth trajectory. Trading Economics global macro models and analyst expectations suggest continued downward pressure, with projections placing Solana at $170.47 by the end of this quarter and $134.92 within one year.

Forecasts reflect regulatory shifts and market sentiment for digital assets

These forecasts incorporate factors such as evolving regulatory landscapes, shifts in investor sentiment, and broader economic conditions impacting demand for digital assets and blockchain platforms.