SOL Surge to 200, Year-End Target 500? Here’s My View on the Trend!
The market is heating up, and only #SOL hasn't fully performed yet.
BTC, ETH, and BNB have all reached new highs this year, and SOL is still waiting to shine. Now, SOL’s daily chart has recorded six consecutive bullish candles, with a V-shaped rebound breaking through moving average resistance, and MACD is also rising. As soon as there is a golden cross, hitting 200 USD is very likely.
I have been keeping an eye on SOL's rhythm—ETF market sentiment is warming up, institutions are increasing their positions, major players like BlackRock and Fidelity are holding, and the integration with PayPal’s stablecoin adds significant fundamental support.
On the technical side, SOL is firmly above the 200-day moving average. If it can hold the key support, 500 this year is not an unrealistic target, and there might even be a chance to set a new high before September.
In the short term, 185 is the current first hurdle; bulls will need some effort to break through 190. However, the support level is very clear, with 168 as the defensive line, and falling below that would risk a pullback to 160. On the four-hour chart, MACD is above 0.09, showing obvious buying pressure, and RSI has climbed to 62, indicating there’s still room for a further rise in the short term.
My personal strategy is simple: keep an eye on the resistance around 185-190 in the short term. If it can stabilize above 200, then 294 will be the new support level, and at that point, FOMO sentiment may ignite a surge toward 500 this year. But don’t forget, once 168 is lost, we need to switch to caution to avoid being caught off guard.
In summary: SOL is currently on a path driven by both “technical and fundamental” factors.
In the short term, focus on the two key levels of 185 and 168, with mid-term targets of 200-294, and long-term looking at 500.
The trend is right in front of us; the only question left is whether you dare to hop on.
The trend comes in waves, and it’s easy to get lost when going solo. Follow Little Meow, and let’s go together!
