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Highlights
- Solana's price hits $173, stirring investor enthusiasm amid expectations of a $200 target.
- Experts express confidence in Solana's upward trajectory.
- Positive sentiment, fueled by upcoming upgrades, contributes to the bullish outlook.
The soaring trajectory of Solana’s price, reaching $173, has ignited enthusiasm among investors, who are closely monitoring its performance. Against this backdrop, market experts are optimistic about the continuation of the rally, fueled further by the growing interest in Solana meme coins like BONK, BOME, and MEW. With experts hinting at a potential surge to $200, anticipation and confidence in Solana’s future remain high.
Experts Unveil Bullish Outlook On Solana Price
Syncracy Capital’s co-founder, Daniel Cheung, expressed confidence in Solana’s strength, emphasizing its potential to reclaim $200. He highlighted upcoming developments like the Frankendancer upgrade, signaling the path to all-time highs.
In addition, in another X post recently, Cheung’s statements underscored his belief in Solana’s ability to reach $200 by the end of the month. Notably, this remark marks a significant reversal in the monthly timeframe and signals readiness for new highs.
On the other hand, prominent cryptocurrency trader Wick, known as ZeroHedge on X, echoed the bullish sentiment, pointing out Solana’s breakout and positive trend indicators. Wick highlighted the emergence of green micro and macro trend signals, suggesting an imminent retest of $200 with further upside potential.
Meanwhile, Wick’s optimism, combined with Cheung’s insights, reinforces the market’s bullish outlook on Solana’s price trajectory.
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Rally To Sustain?
As anticipation builds, fueled by positive sentiment and upcoming developments, Solana remains a key focal point in the cryptocurrency market. In addition, the recent surge has also attracted attention from prominent players in the digital asset space for its potential to reach new highs.
For context, in a recent X post, BitMEX co-founder Arthur Hayes shared the Solana price chart and lauded the recent rally. In addition, he has also advocated for accumulating the Solana crypto in a blog post from early May.
Meanwhile, as of writing, the Solana price soared 3.01% to hit $173.25, after touching a 24-hour high of $174.16. However, despite the rally, its trading volume from yesterday fell 25% to $2.71 billion. Notably, the Solana Futures Open Interest soared 4.91% to $2.32 billion, according to CoinGlass data, suggesting a bullish sentiment in the market.
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