Analysts forecast Solana's price could surge to $260 if $180 resistance is breached

Kalshi, a federally regulated prediction exchange based in New York City, has recently enhanced its platform by allowing deposits in Solana, a leading blockchain known for its speed and scalability. This move is part of Kalshi's ongoing efforts to support digital assets, having collaborated with Zero Hash since its inception in July 2021 under the oversight of the Commodity Futures Trading Commission (CFTC).

Kalshi specializes in trading standardized event contracts, which are binary outcome markets based on yes-or-no propositions related to real-world events. Each contract pays out $1 if the specified condition is met, with market prices reflecting the consensus probability assigned by participants. This innovative approach to betting on real-world events is expected to attract a broader audience interested in crypto betting.

As Solana's price currently sits at $177.8, showing a 5.3% recovery after a recent market pullback, analysts are optimistic about its potential. Technical indicators suggest a bullish trend, with a breakout target of $260 if it can overcome the $180 resistance. However, if it fails to break above this level, a pullback to the $140–$150 range may occur, indicating the volatile nature of the crypto market.

Kalshi's integration of Solana into its platform not only enhances its offerings but also reflects the growing interest in crypto assets among traders and investors alike.

Kalshi, a regulated prediction exchange, has expanded its platform by allowing deposits in Solana, enhancing its crypto betting offerings. The exchange, which trades event contracts tied to real-world outcomes, aims to attract more users interested in digital assets, particularly as Solana shows bullish market trends.