Solana Surges 12% to $165, Eyes $180 Target

Solana (SOL) has recently surged above the $165 mark, marking a significant milestone in its price trajectory. This surge has sparked debates among analysts about its potential to reach $200. The cryptocurrency, currently ranked sixth, has seen significant interest and speculation surrounding its future price movements. Analysts are divided on whether SOL will continue its upward trajectory or face a pullback. The midband support level is around $153.35, and for SOL to confirm a bullish continuation, it must close above the upper band, targeting the $172–$180 range. However, immediate resistance is noted at the $165–$168 range, aligning with the 24-hour high of $168.34 and the upper Bollinger Band. Despite a rough patch over the weekend, SOL managed to break through resistance at $165, leading traders to discuss the possibility of hitting $200 next. With a market cap of $88.74 billion, SOL remains a top contender in the ongoing bull cycle.

The price of SOL is predicted to increase by 12–15% and may reach $165–$168 by the end of the first week of July 2025, if it secures a daily close. If SOL breaks and holds above $168, it could continue towards $172 and potentially $180. However, rejection at this level might retest $162 before another attempt. The cryptocurrency's recent performance has been marked by volatility, with profit-taking in full swing and a descending coil/channel pattern forming. Despite these fluctuations, SOL's bullish momentum remains strong, with traders and analysts closely monitoring its next moves.