Solana just hit $190; Is $200 next for SOL?
Main Idea
Solana (SOL) has seen significant price gains, breaking past $190 for the first time since February 2025, driven by market optimism around a new Solana ETF and increasing institutional demand.
Key Points
1. Solana (SOL) climbed almost 7% in the last 24 hours, reaching $191.05, with a 69.71% increase in daily trading volume to $7.89 billion.
2. Solana's market capitalization exceeded $102.79 billion, surpassing companies like Intel in global market worth rankings.
3. Market optimism is fueled by the debut of the REX-Osprey Solana ETF, which saw $33 million in first-day volume, and speculation about a potential U.S. spot Solana ETF approval.
4. Institutional demand is rising, with DeFi Development Corp purchasing 153,225 SOL ($23.7 million) and Upexi Inc. disclosing $273 million in SOL holdings.
5. Technical indicators like the RSI (72.9) and MACD histogram (+2.46) confirm bullish momentum for Solana.
Description
Solana ( SOL ) climbed almost 7% in the last 24 hours breaking past the $190 price mark for the first time since February 16, 2025. The momentum is a continuation of a general upward trend observed in recent weeks, as the cryptocurrency is up 13.5% in the past week and 34.5% in the past month. At press time, SOL was trading at $191.05, with a 69.71% increase in daily trading volume, which now sits at $7.89 billion. Solana 24-hour price performance. Source: CoinMarketCap Likewise, the network’s m...
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