Solana (SOL) is showing signs of price recovery, increasing from $124 to above $134. Analyst Javon Marks predicts that SOL could reach a target of $233.8. Historical data indicates the potential for a price surge before the Solana Breakpoint event.
However, Pump.fun's declining revenue is impacting Solana's ecosystem negatively. Additionally, the SEC's stance on SOL as a security is affecting ETF applications.
Key developments to watch in Solana's future include the restaking race and other updates within the ecosystem.
