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Summary

Solana’s price surged to $175 on May 18, reaching a five-week high amid bullish momentum. Analysts predict a further rise to $200 by the end of the month.

Introduction

Solana’s market price experienced significant growth on May 18, with a 32.33% increase this month from the $130 level, indicating potential for a bullish trend following a period of consolidation.

Main Points

Solana’s current price stands at $174, showing a 4.35% increase in the past 24 hours. The market cap has also risen by 4.27% to 78.23B, while trading volume decreased by 21.01%. The surge in price has led to an overbought situation with an RSI index of 74.69.

Looking at the 4-hour price chart, Solana’s performance for the week is up by 19.94%, starting at $139 and reaching $172 before experiencing some bearish runs. Analysts are optimistic about Solana’s future, predicting a yearly high of $750 by 2030, with a target of $200 by the end of this month.

Conclusion

Solana’s recent price surge reflects a bullish trend, with potential for further gains in the near future. Analysts remain positive about the altcoin’s trajectory, expecting significant growth in the coming years.

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