$SOL

The current price of Solana is estimated at $177.08, with an increase of 2.85% over the past 24 hours. There are expectations that the price of Solana will reach $200 after breaking the main resistance at $175, confirming the upward trend. This increase is supported by a rise in trading volume, indicating strong market momentum.¹ ²

*Factors affecting Solana's price:*

- *Demand for trading funds*: The likelihood of approval for the establishment of a trading fund for Solana on the exchange has risen to 76%, which could attract institutional investments and increase liquidity.

- *Technical analysis*: The breakout of the ascending triangle on short-term charts indicates accumulating buying pressure, reinforcing the bullish narrative.

- *Upward momentum*: Recent momentum has pushed the price of Solana above the 200-day moving average, indicating that long-term momentum is bullish.³

*Future forecasts:*

- *Target of $200*: Solana's path to $200 seems clearer, provided that buying pressure continues.

- *Increased confidence*: The rise in trading volume and open interest indicates growing confidence among traders in Solana.