Solana's price witnessed a significant drop on Friday, recording a 4% intraday loss and settling at $136.5. This decline is part of a broader selling pressure across the altcoin market, triggered by Bitcoin's inability to maintain its position above the $60,000 mark.
Despite the current bearish trend, Solana aims to recover and possibly reach a target of $150. This optimism is driven by the recent launch and major listings of liquid staking tokens.
Market observers are keen to see if sellers will continue to dominate through September or if the new developments will pave the way for a price rebound.
