Solana Primed for $200 Surge as Real-World TPS Breaks 1,400 Barrier

Solana's network just flexed its muscles—1,400 true transactions per second isn't just hype, it's a throughput gut-check for Ethereum maximalists.

The $200 price target? Suddenly looks less like moonboy chatter and more like a conservative hedge fund projection. Traders are piling in as Solana proves it can handle real-world load without breaking a sweat—take that, 'scalability trilemma' theorists.

Meanwhile, Wall Street still can't decide if crypto is 'digital gold' or a Ponzi scheme. Classic.

• Solana is approaching the level of $200, with growing trading volume.
• With a True TPS above 1,400, the network is in high demand.
• Solana is experiencing powerful convergence in technicals and on-chain patterns.

Solana (SOL) price is experiencing positive movements, and its value has increased towards the expected price level of $167. Hence, it is drawing closer to the $200 resistance level. The daily chart of TradingView reveals that solana has gone over the support region of $163 and is currently developing higher highs following growing demand. 

Source: TradingView

The breakout is at bullish Fibonacci retracement levels after an earlier dip, which was supported by the level at $121. Technical indicators such as the MACD are positive, which is indicative of the strength of buyers. The trend is indeed gaining traction, and the bulls WOULD want to see more with $170 acting as support.

The True TPS Reflects an Increase in Demand

In the meantime, the on-chain activity of Solana also gains intensity. According to the information provided by Solana Blockchain Explorer, the network has already processed more than 427 billion transactions. 

Source: Solscan.io

 Better still, its live transaction is impressive. Solana is already above 3,700 transactions per second (TPS). Its True TPS, which does not consider those few extra vote messages, has now surpassed 1,470 transactions per second. 

Source: Solscan.io

This real TPS spike is indicative of more actual users and not merely validator chats. In the past few hours, the TPS has been stable at around 4,000, with the True TPS still being higher than 1,400.

Solana’s Strong Metrics May Push Price Back Up 

This True TPS, according to market observers, demonstrates that more developers and users are confident in the scalability of this network. It is proposed by many that this combination of supportive TPS and strong price movement supported by technicals will make a perfect storm. It will send the price higher than $180 in the short run.

 The size of the trading is also slowly increasing and there is also an increase in investor participation. In case of further gains, SOL’s price may test $200 again, which has not been observed in the previous months. Thus, the support from technicals as well as on-chain indicators on Solana has been impactful. 

Another factor boosting SOL’s rising momentum is broader market sentiment. The US is set to approve important crypto bills during its crypto week. This Optimism has boosted investor confidence. Also, the anticipation of approval for a spot SOL ETF is boosting the positive sentiments surrounding the coin. In the last few weeks, SOL’s open interest has risen by 22%. This indicates that institutions are buying SOL tokens massively.