Experts Suggest SOL Could Hit $200 Next as Solana Price Surges

The incredible surge of Solana’s price, climbing to $173, has sparked excitement among investors, who are eagerly watching its progress. In light of this, market analysts are optimistic about the upward momentum, further fueled by the increasing interest in Solana meme coins like BONK, BOME, and MEW. With experts suggesting a potential rise to $200, anticipation and trust in Solana’s future are running high.

Industry Gurus Upbeat About Solana’s Price

Daniel Cheung, co-founder of Syncracy Capital, has expressed strong faith in Solana’s resilience, highlighting its ability to surpass $200. He emphasized upcoming upgrades like Frankendancer as a path to new record highs.

Moreover, in a recent social media post, Cheung indicated his belief in Solana hitting $200 by the end of the month. This forecast represents a notable shift in the monthly outlook, indicating readiness for fresh peaks.

On another note, renowned crypto trader Wick, known as ZeroHedge on X, echoed the positive sentiment, pointing out Solana’s breakout and favorable trend signals. Wick drew attention to the emergence of bullish micro and macro trend signals, suggesting an imminent retest of $200 with further gains.

The optimism from Wick, along with Cheung’s insights, strengthens the market’s positive outlook on Solana’s price trajectory.

Will the Rally Persist?

With growing anticipation driven by favorable sentiment and upcoming advancements, Solana continues to be a focal point in the crypto market. The recent surge has also captured the interest of key players in the digital asset realm due to its potential for reaching new heights.

For instance, in a recent post on X, BitMEX co-founder Arthur Hayes showcased the Solana price chart, commending the recent rally. Additionally, he has advocated for accumulating Solana crypto in a blog post from early May.

As of the current moment, Solana’s price has surged by 3.01% to reach $173.25, after peaking at $174.16 in the last 24 hours. Despite the surge, the trading volume from the previous day dropped by 25% to $2.71 billion. Notably, the Solana Futures Open Interest saw a 4.91% increase to $2.32 billion, according to CoinGlass data, indicating a bullish sentiment prevailing in the market.

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