Solana (SOL) rockets 85% in a month—traders eye $200 as next moonshot target

Solana’s native token SOL just pulled off a gravity-defying rally, surging 85% in four weeks as crypto degens pile into what they hope is the next leg up. The $200 resistance level now looms large—either as a springboard to new highs or a painful rejection point for latecomers.

Why the frenzy? Blame the usual suspects: memecoin mania on Solana’s cheap-and-cheerful blockchain, plus traders chasing the ’next Ethereum’ narrative. Never mind that 90% of these speculative tokens will vanish faster than a hedge fund’s ethics department.

Technical indicators scream overbought, but since when did that stop crypto? SOL’s weekly RSI hasn’t been this stretched since its 2021 peak—which either signals imminent correction or proves TA is astrology for finance bros. Place your bets.