Top Crypto Analyst Predicts Solana (SOL) Price to Reach $200, Here’s His Analysis!

Jakarta, Pintu News – The cryptocurrency market is abuzz again with the latest prediction from renowned analyst, CryptosRus, who predicts that the price of Solana will soar to $200.

This was supported by the opening of a long position by a trader with a value of $3 million. Currently, Solana (SOL) is trading at $160, showing a 5% gain in the last 24 hours.

Check out the full analysis below!

Technical Analysis Shows Upside Potential

According to CryptosRus, Solana (SOL) has formed a chart pattern that indicates a potential upside. The pattern formed is an ascending broadening pattern, which is often followed by a price increase.

To reach the $200 target, Solana (SOL) needs to maintain support at the lower trendline of this pattern before moving up. In addition, CryptosRus also added that Solana (SOL) is likely to rebound after forming a flag pattern during the previous uptrend.

Currently, the pattern is forming again, which signals a possible rise beyond the upper resistance line at $190, before eventually reaching and exceeding $200.

Also read: Ahead of Eid al-Adha on Friday June 6, 2025, $MUBARAKAH Coin Surges 92% in 24 Hours!

Other Analysts’ Optimism and Institutional Interest

CryptoBully, another analyst, argues that Solana (SOL) needs to drop below $143 to start the next price surge that could surpass $200.

Meanwhile, Gerlaenco predicts that the price of Solana (SOL) could jump 100% to $300 by 2025, starting from support at $153.

The rise in institutional interest also supports this bullish outlook. For example, Nasdaq-listed Classover Holdings recently announced the opening of Solana Treasury and has signed a $500 million purchase agreement. This shows high confidence in Solana’s (SOL) long-term potential.

Also read: 3 Crypto that Surged by Tens of Percent Today (4/6/25)

Big trader opens $3 million long position

In line with bullish predictions from analysts, a whale has opened a long position on Solana (SOL) with 2x leverage worth nearly $3.999 million. This position was opened through the HyperLiquid platform, according to on-chain data.

Data from Coinglass shows that open interest for Solana (SOL) has increased by 1.8% today, reaching $6.76 billion. Although the Solana (SOL) price fell last week, this open interest shows strong confidence from investors in the potential upside of the Solana (SOL) price.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Analyst Forecasts Solana Price Rally to $200 as Trader Opens $3M Long Position. Accessed on June 4, 2025
• Featured Image: Generated by AI