3 Charts Explain Why Solana Price Could Reach $200 Despite $32M FTX Unlocks

Quick Summary:

Solana (SOL) price has made an impressive 21% rally in the last seven days, but the recent FTX unlocks have caused uncertainty about whether the altcoin can break $200.

Amid the uncertainty, three chart patterns featuring different metrics have emerged, suggesting that SOL will likely breach this psychological level soon and possibly target all-time highs.

The 20-day SMA is also tipping north and is targeting a crossover with the 200-day EMA, and if this happens, it will support Solana gains past $200.

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Article Details

Author / Journalist: muthoni

Category: Crypto

Markets: India

Topics: Price Analysis Solana

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 13:07:48 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 557 words

Reading Time: 4 minutes read

Sentences: 44 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28612217

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