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Solana(SOL) has recently dropped from the 160 area to the 147 area, and this adjustment may actually be an excellent market opportunity. From a Technical Analysis perspective, the current price area is very likely to be the last low point for SOL before it rushes towards the target price of 270 dollars.
The recent pullback is actually a process of reallocation of market chips. Observing the market, it can be found that while large funds are creating short-term downward pressure, they are also secretly accumulating positions. This operational model clearly points to higher target levels. This judgment is not only based on price structure analysis but also supported by the fundamentals of the continuous growth of the Solana ecosystem.
According to market cycle analysis, SOL may initiate a new round of bullish trend before the end of June, and the current stage happens to be a strategic entry window. It is worth noting that Ethereum (ETH) is showing signs of stabilization, and if the two major smart contract platforms can form a connection, it may trigger a new wave of upward momentum in the cryptocurrency market within the next few days.