Today kriptovalyuta Solana (SOL) is trading at $156,73, down 24% in the last 3 hours. SOL has lost 8% over the past week as Bitcoin has slumped and there are no catalysts for growth.
Price change Solana in 24 hours. Data from CoinGecko
Along with this, this week the total locked value Solana (T) in decentralized finance (DeFi) fell by 5%, although the network still retained its position as the second largest ecosystem DeFi over the same period of time.
Decentralized Exchange Activity Solana (DEX) also declined, with weekly volume down 28,2%, according to DefiLlama.
Data from DefiLlama
However, institutional demand for Solana remains high. For example, Classover Holdings announced plans to raise $500 million, 80% of which will be used to acquire SOL as part of its corporate treasury strategy.
Given the current downturns and future purchases by organizations, Chat GPT OpenAI was tasked with determining the potential price of SOL on June 30. The AI predicted a price somewhere between $145 and $165, with an average target of $155 at the end of the month.
Given the current price of around $156, the AI instrument is expecting increased selling pressure. However, according to technical analysis, short-term declines may precede the resumption of upward momentum.
