Here's Why Solana Price at $162 is "Cheap," SOL Could Hit $1,000

Solana (SOL), a Layer 1 blockchain, has shown varied price movements through the second half of 2024. After an early surge, the cryptocurrency encountered strong resistance near the $200 level, leading to a period of price fluctuation. Recently, SOL’s price appears to be consolidating as analysts hint at a potential breakout. With market experts considering the asset “cheap,” some believe that Solana’s current momentum could set the stage for a significant upward trend, suggesting promising opportunities ahead.