🔥 Solana Soars 12% — Is $200 the Next Milestone? 🚀🪙
Solana has climbed an impressive 12% this week, riding the broader crypto wave and testing key resistance near $180.
This surge comes alongside strong on-chain fundamentals — TVL has jumped from $6B to over $9B, and active wallets have surged past 3.3 million.
Technically, SOL is battling between discount and premium zones, now testing equilibrium around $185.
Previously stuck in a $145–$175 range, recent price action hints that this consolidation could be over, with upside ahead.
March and April showed early signals of a reversal, followed by Break of Structure confirmations — indicating strong demand at lower levels.
On a macro level, a massive cup and handle pattern has been forming over the years, potentially setting SOL up for a breakout toward its ATH of $295.
The 4H chart shows SOL testing the upper edge of its equilibrium zone, with $193 as a key resistance — a breakout here could open the floodgates.
Volume profile also reveals solid support near $145, suggesting strong buyer interest. Thin trading zones above current levels could mean rapid movement once resistance cracks.
With the Fed pausing and markets anticipating 30–50 bps rate cuts by end-2025, high-beta plays like SOL are likely to attract capital.
After clearing $92, next key levels are $215 and $250 — with some analysts eyeing targets at $285, $330, even $400.
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