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Solana Traders Bet Big: SOL Eyes $200 Breakout Before July

Solana Traders Bet Big: SOL Eyes $200 Breakout Before July

Author:
CoindeskEN
Published:
2025-05-12 09:56:01
20
1

Block traders double down on Solana as technicals scream bullish—despite half the crypto crowd still calling it a ’VC chain.’

Price action: SOL’s 30-day chart looks like a SpaceX trajectory, with resistance levels crumbling faster than a meme coin’s liquidity pool.

Market psychology: The ’FOMO gap’ between current prices and that shiny $200 target has degenerate traders leveraging long positions like 2021 never ended.

Reality check: If SOL actually moons, Wall Street will suddenly ’discover blockchain scalability’—just in time to take credit for the rally they spent years mocking.

SOL’s dealer/market maker gamma exposure for June 27 expiry options. (Amberdata)


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