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<p>After a month of correction, Solana touched the $187 mark today after an impressive surge. At the time of writing, <a href="https://coingape.com/price/solana/" rel="noopener noreferrer nofollow">Solana price</a> is $180.67 after a slight decline from earlier. Moreover, its market cap has surged to $81,181,936,656 and trading volume to $5,418,801,031 with 79% gains.</p>
<p>Solana followed the downtrend for a long time, where the prices went as low as $120 at the beginning of May, but it made an active recovery these last few days. It comes as crypto market conditions return to the greed zone per the <a href="https://coingape.com/blog/what-is-crypto-fear-and-greed-index-how-does-it-work/" rel="noopener noreferrer nofollow">fear and greed index</a>. Complementing the market growth, Bitcoin and Ethereum are also majorly up to $70,903 and $3817, bringing the bulls to the market.</p>
<p><a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/solana/"><img src="https://coingape.com/wp-content/uploads/2024/05/image-74.png" alt="Solana Price Analysis" width="635" height="407"></a></p>
<p>Still, Solana&nbsp;isn’t&nbsp;in its prime as it rose to $202.87 earlier in the March rally and has an all-time high record of $260.06, set two and half years ago. Now, the investors are eyeing a similar surge as of March or even higher because of its high potential and harboring all the popular meme coins on the network.</p>
<h2 id="how-high-can-solana-price-next">How High Can Solana Price Next?</h2>
<p>Solana surge began on the 15th when the price was just $150.72 to the earlier high of $187 after forming support around $166.The charts seem still bullish for the altcoin, where the current support lies at $175 and the&nbsp;key resistance at $190. With the bullish market situation and the bullish sentiments for the network, the <a href="https://coingape.com/price-predictions/solana-sol-price-prediction/" rel="noopener noreferrer nofollow">SOL price</a> might target $188 next. If Solana succeeds in crossing the $188 Solana mark, the prices may go higher to $195 and $200 subsequently.</p>
<p>However, if the price moved lowered and went down the $178 level, the Solana price could fall to a low of $160, a crucial trend reversal zone. Overall, the <a href="https://coingape.com/education/simple-moving-average-how-to-leverage-it-in-crypto-market/" rel="noopener noreferrer nofollow">moving averages</a> indicate a strong buying zone for this altcoin, which can further push the SOL prices.</p>
<h2 id="final-thought">Final Thought</h2>
<p>Compared to other popular altcoins, Solana suffered the most, especially over the last few weeks. The&nbsp;SOL’s&nbsp;price continuously declined despite the rising demand for <a href="https://coingape.com/top-solana-memecoins/" rel="noopener noreferrer nofollow">Solana meme coins</a>. However, this recent price rally has brought back the Solana network with a recovery to the $180 range after a month. The price rally is adding to the analyst’s prediction of the SOL price rising to $250 by the end of the year.&nbsp; However, the Solana price graph isn’t stable yet, and despite the ongoing surge, the pullback might hit the altcoin.</p>
<p>Also Read: <a href="https://coingape.com/trending/why-are-institutional-investors-walking-away-from-ethereums-products/" rel="noopener noreferrer nofollow">Why Are Institutional Investors Walking Away From Ethereum’s Products?</a></p>
<p>The post <a href="https://coingape.com/trending/solana-sol-price-crosses-180-whats-coming-next/" rel="noopener noreferrer nofollow">Solana (SOL) Price Tops The Charts With Surge To $180:&nbsp;What’s Happening?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Solana (SOL) Price Tops The Charts With Surge To $180: What’s Happening?

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