Solana's SOL Falls 8% to $147 Despite Standard Chartered’s $275 Year-End Target

Solana's SOL SOL dropped 7.87% to $147.07 implicit the past 24 hours, arsenic traders reacted to renewed volatility crossed crypto markets. After opening astatine $159.60, SOL fell sharply during precocious Thursday and aboriginal Friday trading, reaching a debased of $142.13 earlier stabilizing supra the $147 mark. Key intraday measurement spikes suggest immoderate accumulation adjacent support, but the wide operation remains fragile arsenic the token trades astir 40% beneath its March highs.

The short-term weakness puts added absorption connected a late-May terms people from Standard Chartered’s Global Research team. In a May 27 note initiating ceremonial sum of SOL, the slope forecast that Solana would emergence to $275 by year-end, with a semipermanent people of $500 by 2029. The study cited Solana’s velocity and ratio arsenic halfway differentiators but acknowledged that overmuch of its caller meme-coin-driven enactment remains heavy discounted by the market.

The increasing spread betwixt that bullish outlook and existent marketplace conditions illustrates the halfway dilemma facing semipermanent SOL investors: whether to dainty caller drawdowns arsenic impermanent sound oregon arsenic cardinal rejection of the maturation narrative. While Standard Chartered expected solana to underperform ether successful the adjacent term, it positioned the token arsenic a high-beta stake connected retail-driven ecosystems that could re-rate sharply if adoption expands beyond memecoins.

For now, terms enactment remains choppy, with buyers stepping successful adjacent $143 but gathering absorption adjacent $150. Whether SOL tin regain upside traction successful clip to validate adjacent a information of the year-end forecast whitethorn beryllium connected broader macro stabilization and renewed on-chain enactment successful the coming weeks.

Technical Analysis Highlights

• SOL dropped 11.87% intraday, from $160.49 to a debased of $142.13.
• Intense selling occurred betwixt 23:00–01:00 UTC earlier terms stabilized.
• A choky consolidation scope formed betwixt $143.50–$146.50.
• Higher lows since 02:00 suggest imaginable bullish divergence.
• Volume peaked astatine 13:31 (31.8K SOL) and 13:39 (43.4K SOL) arsenic buyers defended support.
• Resistance sits astatine $152; a interruption supra could displacement short-term trend.

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