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Solana price target: Expert predicts $180–$200 breakout
By: cryptosheadlines|2025/05/09 13:00:10
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Solana saw a major rally today, with signs suggesting it could soon see another breakout to $200. Solana (SOL) saw a major rally on Thursday, May 8, with signs suggesting another breakout to $200 could be on the horizon. Backed by rising DeFi activity, strong market sentiment, and network upgrades, SOL jumped 10.02% to $160.32, its highest level since March 3.The surge coincided with a major milestone for Solana’s decentralized exchange (DEX) ecosystem. On Wednesday, May 7, DeFi volumes on the Solana network broke $800 billion in 2025. While over half of that came in January, continued strength in recent months points to sustained investor interest in the ecosystem. This activity suggests that the SOL rally will likely continue, Tracy Jin, COO of MEXC, told crypto.news. If SOL maintains the current level, the token could go as high as $180 or $200. “Solana’s current price action suggests a wide accumulation range that is often seen in assets transitioning from a growth phase into a more mature market position. Bulls are now eyeing a breakout above the key $153 resistance level. If this level flips into support and momentum persists, this could open the path towards $180 and potentially $200 soon after,” Tracy Jin, MEXCInvestors now see Solana differently: COO of MEXCBeyond the market momentum, Jin believes that there is a “fundamental shift” in how the markets perceive Solana. The growth of its ecosystem, together with the relative weakness of Ethereum, is now attracting institutions to SOL. “Ethereum ETFs have bled more than $350 million year-to-date. Solana has been the dominant network among L1 and L2 chains in 2025, driven by the rise of platforms like Pump.fun, radium, and Axiom,” Tracy Jin, MEXCJin added that the upcoming launches of Solana ETFs will further boost its institutional appeal. They will be attracted to the value the Solana network is creating through its DeFi ecosystem. Source link
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