Solana Targets $200 as Momentum Builds After 25% Rally
Solana has surged over 25% from a recent low of $95, driven by improved macroeconomic sentiment after President Trump announced a 90-day pause on tariffs for most countries. This shift boosted risk assets, including Solana.
Key points include:
- Top analyst Bluntz suggests the rally may signal a longer-term recovery phase, potentially mirroring the previous downtrend duration of nearly three months.
- Solana’s price dropped more than 60% since its all-time high in January, influenced by global market tensions.
- Bulls need to reclaim resistance levels above $130 to confirm a recovery and sustain momentum above $110 to avoid further sell-offs.
- The current bounce raises possibilities of reaching around $200 if bullish momentum continues.
Future price action is critical as volatility persists. Failure to maintain above $110 could lead to consolidation or further declines.
