When will Solana Reclaim $200: Solana Next Target

Solana (SOL) is showing strong resilience in the current market, hovering near the $138 mark. A combination of network growth, staking dominance, and increased adoption has supported its upward momentum, with investors closely watching for a breakout.

in this article, we will look at Solana Next target by looking at price chart and technicals.

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📊 Solana Next Target

Current Price: $138.62
24h Price Change: +0.84%
24h Range: $137.78 – $142.65
Market Cap: Approximately $71.4 billion
24h Trading Volume: Approximately $4.04 billion
Circulating Supply: Approximately 520 million SOL

Price is in a Downtrend. However, price has broken back above $120 key level and could revisit $150-$160. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup.

📈 Key Technical Indicators

Relative Strength Index (RSI): ~58.9 (approaching overbought zone)
MACD: Bullish crossover
Support Level: $137.00
Resistance Level: $145.00
Current Trend: Bullish with upward momentum

📰 Latest Solana News & Developments

📈 Staking Breakthrough
Solana overtook Ethereum in total staking market cap, with over $53 billion in staked value and 65% of supply locked in.
📊 Revenue on the Rise
The network’s daily revenue surpassed $4 million, driven by high on-chain activity and increased demand for Solana-based apps.
🏦 Institutional Accumulation
Institutions like Galaxy Digital increased exposure to SOL, reinforcing market confidence and long-term interest.

📌 Summary

Solana is gaining traction with key network achievements and a bullish technical setup. If momentum continues, SOL could retest resistance at $145 and potentially enter a stronger rally phase. Traders and investors alike are watching closely for a confirmed breakout.