Solana just hit $190; Is $200 next for SOL?

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 market capitalization has managed to exceed $102.79 billion according to CoinMarketCap , allowing Solana to surpass the likes of Intel (NASDAQ: INTC ) in global market worth rankings. Is a new Solana ATH possible? As Solana regains strength, analysts are debating whether a new all-time high (ATH) is possible. Market analyst Satoshi Flipper, for instance, who accurately predicted the jump to $190 on July 17, believes the new price could propel SOL closer to the $280 mark. SOL price prediction. Source: @SatoshiFlipper (X) The market optimism is largely due to the July 14 debut of the REX-Osprey Solana ETF ( exchange-traded fund ), which saw $33 million in first-day volume. In addition, betting markets are now hyping up a potential U.S. spot Solana ETF approval, with traders on Polymarket giving it a >99% chance of happening by July 31. Institutional demand is also on the rise. DeFi Development Corp, for example, purchased 153,225 SOL (worth $23.7 million) on July 10, while Upexi Inc. disclosed $273 million in SOL holdings. From a technical standpoint, the coin is also showing signs of sustained upward momentum. Namely, its relative strength index ( RSI ) has reached 72.9, elevated but not extreme levels, while the moving average convergence divergence ( MACD ) histogram sits at +2.46, confirming bullish predictions. Featured image via Shutterstock The post Solana just hit $190; Is $200 next for SOL? appeared first on Finbold .

Source: Finbold