Solana's price has undergone a significant correction since reaching record highs. Experts discuss the potential price decline in December.
Current Predictions for Solana
Crypto analyst Crypto Sensei suggests that Solana's price could drop to $167 by the end of December. The analyst noted that Solana is moving towards the 200 Exponential Moving Average (EMA) level.
Comments on SOL Price
Another analyst, Fred, also expressed concerns over Solana’s price, indicating a risk of further decline by year-end. Fred stated that SOL is approaching a critical decision point.
Long-Term Perspective for Solana
Despite the negative forecasts, some experts believe that Solana has long-term growth potential. VanEck predicts it could reach $500 next year, while Bitwise anticipates a rise to $750. Asset management firm Lucky pointed out the current market environment offers buying opportunities.
Analysts' opinions on Solana's price in December vary, but the cryptocurrency has potential for long-term growth. Current market conditions and technological advancements may influence future price trends.
