$Solana $SOL recently pumped hard, breaking past $190 and sparking hopes of a new rally. Fueled by ETF rumors, meme coin mania, and high on-chain activity, SOL hit intraday highs near $198. But this surge may not be sustainable.
Analysts warn of a classic pump-and-dump setup. Over 98% of meme tokens on Solana platforms like Pump.fun have ended in scams or rug pulls. RSI is now overheated, hinting at a possible short-term correction. Key support levels to watch are $155 and $140. A breakdown below that could drag SOL back to $130.
On the flip side, if SOL holds above $190 and breaks $200 with volume, it may charge toward $225–245. Long-term projections for 2025–2028 remain bullish, with potential highs of $400–$700—if institutional adoption, DeFi growth, and ETF approvals pan out.
Final Word:
Solana's tech is solid, but short-term hype is dangerous. Traders should tread carefully—this pump could either be a launchpad or a trap.
