Solana (SUN) has recently become the fourth-largest cryptocurrency by market cap, surpassing Binance Coin (BNB). This surge in value has put Solana on track to reach the $200 mark and potentially even a new all-time high (ATH) if the upward trend continues. Solana’s market cap increased to $89.1 billion, and its daily trading volume rose by 210% within 24 hours.
Analysts remain optimistic about Solana’s potential for gains if the upward momentum persists. Key resistance levels for Solana are $190, $195, and $200. Support levels include $188, $185, and $180. Maintaining momentum above the 100-hourly moving average could strengthen the bullish setup for Solana, allowing it to test higher resistance levels in the coming days.
Some analysts believe Solana could reach $400 if it holds above the $180 mark and retests the $260 ATH reached in March.
