Solana price, a Layer 1 blockchain asset, remains around the $200 mark, struggling to recover from the recent market downturn. The asset faces significant selling pressure as broader crypto market corrections impact its momentum. Currently, the price trend is bearish, sparking concerns among investors about a possible decline to $150.
Nonetheless, there remains a possibility for the price to rise towards $350 if market sentiment shifts to a more bullish perspective. Investors are closely monitoring these potential movements, aware of the volatility and the factors driving Solana's price direction.