NewsMV
Solana (SOL) analysts project a price target of $149, citing a technical breakout and a recent 14% surge in the asset's value over the past seven days.
This forecast follows a Federal Reserve decision to raise its benchmark interest rate for the first time since September 2023, a move that had been widely anticipated by market participants.
The central bank's action was driven by persistent high inflation levels in the United States.
The head of the Federal Reserve emphasized the institution's commitment to taking necessary actions to prevent inflation from spiraling out of control.
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