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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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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.
CoinMarketCap## 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.
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.
PolymarketInstitutional 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
Featured image via ShutterstockFeatured image via Shutterstock