Solana's Price Falls Under $130, Bitwise Forecasts All-Time High by 2026
Current Price and Market Trends: Solana's price has fallen below $130, currently trading at $122.95, amidst a broader market downturn, but analysts from Bitwise Asset Management project a potential new all-time high by 2026.
Institutional Investor Confidence: Solana-based ETFs have seen significant inflows, with nearly $11 million entering the market, indicating strong interest from institutional investors despite current market challenges.
DApp Revenue Dominance: Solana continues to lead in decentralized application (DApp) revenue, holding a 31% market share for 19 consecutive months, outperforming competitors like Ethereum.
Price Support Levels: Solana's price is facing critical support at $120, with potential downside targets at $110 and $100, while a recovery above $130 could signal a return to bullish momentum.
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