Solana

The soaring trajectory of Solana’s price, reaching $173, has ignited enthusiasm among investors, who are&nbsp;closely monitoring its performance.&nbsp;Against this backdrop, market experts are optimistic about the continuation of the rally, fueled further by the growing interest in Solana meme coins like BONK, BOME, and MEW. With experts hinting at a potential surge to $200, anticipation and confidence in Solana’s future remain high.
<h2 id="span-data-preserver-spaces-true-experts-unveil-bullish-outlook-on-solana-price-span">Experts Unveil Bullish Outlook On Solana Price</h2>
Syncracy Capital’s co-founder, Daniel Cheung, expressed confidence in <a href="https://coingape.com/blog/can-solana-sol-price-hit-200-in-may-june-2024/" target="_blank" rel="noopener noreferrer nofollow">Solana’s strength</a>, emphasizing its potential to reclaim $200. He highlighted upcoming developments like the Frankendancer upgrade, signaling the path to all-time highs.&nbsp;
In addition, in another X post recently, Cheung’s statements underscored his belief in <a href="https://coingape.com/solana-prioritizes-global-sync-over-maximum-throughput-says-founder-yakovenko/" target="_blank" rel="noopener noreferrer nofollow">Solana’s</a> ability to reach $200 by the end of the month. Notably, this remark marks a significant reversal in the monthly timeframe and signals readiness for new highs.
On the other hand, prominent <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a> trader Wick, known as ZeroHedge on X, echoed the bullish sentiment, pointing out Solana’s breakout and positive trend indicators. Wick highlighted the emergence of green micro and macro trend signals, suggesting an imminent retest of $200 with further upside potential.&nbsp;
Meanwhile, Wick’s optimism, combined with&nbsp;Cheung’s insights, reinforces&nbsp;the market’s bullish outlook on Solana’s price trajectory.
Also Read: <a href="https://coingape.com/bitcoin-price-soars-us-bitcoin-etf-sees-222m-influx-what-next/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Price Soars As US Bitcoin ETF Sees $222M Influx, What’s Next?</a>
<h2 id="span-data-preserver-spaces-true-rally-to-sustain-span">Rally To Sustain?</h2>
As anticipation builds, fueled by positive sentiment and upcoming developments, Solana remains a&nbsp;key&nbsp;focal point in the cryptocurrency market. In addition, the recent surge has also attracted attention from prominent players in the digital asset space for its potential to reach new highs.
For context, in a recent X post, BitMEX co-founder <a href="https://coingape.com/arthur-hayes-sparks-speculations-cryptic-post-sol-price-rallies/" target="_blank" rel="noopener noreferrer nofollow">Arthur Hayes</a> shared the Solana price chart and lauded the recent rally.&nbsp;In addition, he has also advocated for accumulating the Solana crypto in a blog post from early May.
Meanwhile, as of writing, the <a href="https://coingape.com/price/solana/" target="_blank" rel="noopener noreferrer nofollow">Solana price</a> soared 3.01% to hit $173.25,&nbsp;after touching a 24-hour high of $174.16. However, despite the rally, its trading volume from yesterday fell 25% to $2.71 billion. Notably, the <a rel="noopener noreferrer nofollow" href="https://www.coinglass.com/currencies/SOL" target="_blank">Solana Futures Open Interest</a> soared 4.91% to $2.32 billion, according to CoinGlass data, suggesting a bullish sentiment in the market.
Also Read: <a href="https://coingape.com/arbitrum-price-jumps-5-whale-heavily-bags-arb-what-next/" target="_blank" rel="noopener noreferrer nofollow">Arbitrum Price Jumps 5% As Whale Heavily Bags ARB, What’s Next?</a>
The post <a href="https://coingape.com/solana-price-soars-experts-hinting-200-next-target-sol/" rel="noopener noreferrer nofollow">Solana Price Soars With Experts Hinting $200 As Next Target For&nbsp;SOL</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Solana Price Soars With Experts Hinting $200 As Next Target For SOL

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