Solana declines, forecasts suggest further drop by year-end

Solana/USD traded at 231.4849 on Tuesday, November 26th, down 3.5175 or 1.50% from the previous session.

Solana declines, forecasts suggest further drop by year-end

Over the past four weeks, Solana has shed 30.85% amid a broader crypto market downturn. Despite recent losses, its price has surged 320.19% over the past year, underpinned by its growing adoption for decentralized applications and blockchain solutions.

Expectaions to year-end

Looking ahead, Trading Economics' models and analysts predict Solana’s value to decrease to 170.4699 by the end of the quarter and further to 134.9200 within a year, reflecting potential challenges from regulatory concerns and market volatility.