Solana Price Prediction: SOL Breaks $200 – Could $500 Be Closer Than Anyone Thinks?

Key Points

1. Solana's price surpassed $200 for the first time since February, reaching a 7-week high, with social sentiment and meme coin activity contributing to the momentum.

2. The GENIUS Act has been signed into law, and the CLARITY Act is expected in October, providing regulatory clarity and bullish catalysts for Solana.

3. Technical analysis indicates a breakout from an ascending triangle pattern, projecting a potential 47% move toward Solana's former all-time high near $297.50.

4. The RSI is elevated at 80, signaling overbought conditions, but the MACD suggests continued upside potential if support at $185 holds.

5. A Solana spot ETF decision or final CLARITY Act action could further drive price discovery, with $500 being a key milestone if bullish momentum continues.