Solana faces challenges as it dips below the $150 threshold amidst the cryptocurrency market crash.

Predictions hint at a potential decline to $100, leaving SOL's rebound uncertain amid market volatility.

Although there is high interest at $100, doubts linger about SOL surging to $500 by 2024 amidst the turbulent market conditions.

The recent crypto market turmoil has had a notable impact, affecting major altcoins like Solana (SOL), once considered a strong performer.

With Solana facing a significant decrease in market cap, there has been a notable sell-off causing its price to plummet below the key $150 level.

As market conditions continue to slide, the question arises whether this current correction could drive SOL down to $100, or if a positive turnaround is imminent. The main query prevails: Can Solana gain the momentum needed to hit $500 by 2024?

Exploring Solana's Path

Currently trading at approximately $145, SOL has experienced a 2.25% intraday decline, leading to another bearish movement. This decline mirrors the broader market's trend, prompting a reevaluation of the broken resistance trendline.

Amidst a prevailing increase in supply, signs point towards SOL's price potentially heading towards the $100 threshold.

Analysis of technical indicators presents a contradictory picture for Solana. While the MACD and signal lines hint at a potential positive crossover in negative terrain, the ongoing price decline could extend the negative trend.

Despite the current downturn, there is a solid demand for Solana around the $100 psychological level. A broader market upswing might enhance bullish momentum, facilitating a rebound post reevaluation.

By month-end, Solana's market value could peak at $200 as a potential rally gains traction. Nonetheless, reaching the $500 mark in 2024 remains uncertain amidst the current state of the cryptocurrency market.