Solana (SOL) is back in the spotlight, rallying toward the crucial $200 mark after staging a steady recovery. Currently hovering around $178.73, the token is showing strong technical structure, a rising pattern supported by healthy volume and improving sentiment. Unlike most altcoins stuck in sideways movement, Solana is gaining traction fast, sparking renewed attention across crypto circles.
With Bitcoin range-bound near $106,000, some traders are rotating capital into high-upside names, and Solana is topping that list.
The chart paints a bullish picture, and traders are watching this one closely:
Unless we see a sharp rejection around $190, the structure favors an attempt at reclaiming $200.
Three key drivers are feeding into this rally:
These fundamentals, paired with broader risk-on sentiment, make Solana one of the top contenders for a major upside breakout this week.
The real test lies just ahead. If SOL breaks cleanly above $200 with volume to back it, the next target is $220, where the token topped out earlier this year. But if the rally stalls or Bitcoin takes a dive, a pullback to the $150s range remains in play.
For now, the momentum is undeniable, and Solana looks like it wants more
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This post was last modified on May 22, 2025, 10:08 BST 10:08