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The price rebounded from the 23.6% Fibonacci level and then rose to $235, but failed to break through twice with a falling star appearing. Today, a bearish engulfing pattern formed, causing the price to retreat to $213.5. However, the bulls are trying to regain control and prevent the candlestick pattern from playing out. The balance of power signaled a reversal to the upside, and we expect movement towards $250.
Electric Capital: Solana has surpassed Ethereum in popularity among developers.
Solana is recognized as the most popular blockchain among beginner developers.
VanEck: Solana will peak at $500, which is a third less than the forecasts of other analysts.