The cryptocurrency market is once again gaining momentum, and Solana (SOL) is quickly becoming one of the most watched altcoins. After bouncing off a critical support level, Solana is now moving closer to a potential breakout, fueling renewed interest in whether it can reach $200 by the end of Q2 2025.

Analysts say that several bullish signals are aligning, and if current momentum holds, Solana could surge past $220, with long-term projections even pointing to a test of $250.

Why Solana Is Gaining Attention Now

The broader crypto market turned bullish this week after Bitcoin hit an all-time high of $112,000, creating a ripple effect across major altcoins. Solana is among the top performers benefiting from this market upswing.

Despite some short-term bearish activity, SOL has maintained strong price action. The fact that sellers are not dominating even after Bitcoin’s record move shows that investors are still confident in altcoins. In particular, Solana is attracting interest due to its technical setup and past performance during bull markets.

Back in 2021, Solana shocked the crypto world with a 100x rally, establishing itself as one of the fastest-growing Layer-1 blockchains. Now, many are wondering if it could be preparing for a similar surge.

Solana Price Prediction: What the Charts Are Saying

According to analysts, Solana is currently trading near the apex of a rising wedge pattern—a formation that often signals a breakout. The token recently rebounded off its support level and is inching toward a critical resistance point near $195.

Technical indicators are also flashing bullish signals. The Chaikin Money Flow (CMF) has been climbing steadily throughout May, suggesting that money is flowing into Solana. Meanwhile, the Moving Average Convergence Divergence (MACD) is close to confirming a bullish crossover, which often precedes upward price momentum.

If these indicators continue to hold, Solana could see an initial push toward $200, followed by a run up to $220.

Short-Term Correction Still Possible

However, it’s not all blue skies. Even with strong momentum, markets often experience a pullback before breaking key resistance levels. For Solana, a correction could bring the price down to around $180, or slightly lower.

But if selling pressure fades, as expected, bulls could quickly regain control. Once that happens, Solana may not only break $200 but also aim for higher targets like $220 and even $250.

What Could Drive the Next Solana Rally?

Several factors could push Solana’s price higher:

• Improved market sentiment: With Bitcoin’s bullish trend, altcoins tend to follow.

• Institutional interest: As more funds enter the crypto space, top altcoins like Solana benefit.

• Strong technical structure: With bullish indicators aligning, Solana looks technically sound.

• Layer-1 dominance: Solana is among the fastest Layer-1 chains, which makes it appealing for developers and users alike.

Looking Ahead: Will SOL Hit $200 by June?

The real question now is whether Solana can cross $200 before the end of Q2 2025. Given the current momentum, bullish chart signals, and the strength of the broader crypto market, this goal seems increasingly within reach.

Although a short-term dip may occur, analysts believe it will be a temporary pause before Solana resumes its upward move. If bullish pressure continues and resistance is broken, the next key targets of $220 and eventually $250 may not be far away.

Investors and traders will be closely monitoring the next few weeks, as Solana’s price action could set the tone for altcoin performance heading into the second half of the year