Solana’s Tightrope Walk: Will It Reach New Heights or Take a Plunge?

Solana ($SOL) clings to support at $187, with Daan Crypto warning of a breakout to $270 or an abrupt plunge to $170. New trading volumes and record ETF launches are driving Solana’s current trajectory. 1,800 TPS block upgrades and a surge in TVL (Total Value Locked) highlight the network’s potential. Bitwise’s SOL ETF debut is driving significant interest, with traders anticipating a boost to Solana’s value. However, Daan Crypto’s prediction remains critical: either a vertical surge or complete collapse at $187. This crucial support level acts as a last line of defense in the bear market.