Solana's price has recently experienced a significant drop to $145, largely attributed to the ripple effects of FTX's bankruptcy. This downturn is closely tied to the decline in Bitcoin, which has led investors to adopt a risk-averse approach, driving the price of altcoins like Solana downward.

The current situation for Solana is characterized by a local peak of $160, followed by a nearly 10% decline due to Bitcoin's losses. This decrease is further exacerbated by the rise in the DXY index, signaling potential challenges for Solana in the face of the SEC's ongoing battle against the Ethereum ecosystem.

Solana's Price Prediction: A Volatile Landscape

The Solana price prediction is marked by uncertainty, with potential outcomes ranging from a rise to $205 to a drop to $107. The dollar index serves as a key indicator of macroeconomic trends, with a rising index typically signifying adverse conditions for cryptocurrencies.

The recent 1% increase in the DXY, coupled with hawkish comments from the Minneapolis Fed President, suggests continued weakness in the short term. However, a cup and handle formation in the chart hints at a possible 40% increase to $205, contingent upon Bitcoin's performance. If Bitcoin remains weak, Solana faces the risk of plummeting to $107.