Solana in the Spotlight —$190 SOL Price Target in Sight ⋆ ZyCrypto

Solana Continues its Parabolic Rally into the New Week As Apple Rumors Fuel SOL's Rise

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With CNBC adding Solana (SOL) to its real-time ticker, the sixth-largest cryptocurrency by market capitalization remains in the spotlight, driven by strong technicals, rising on-chain and social momentum, and growing institutional interest fueled by speculation surrounding exchange-traded funds (ETFs).

Calling out this development, Steven, the research head at The Block, pointed out, “CNBC finally replaced Litecoin with Solana on their generic. Here are the four crypto coin performance graphics.”

Source: Steven

CNBC analysts, such as Scott Wapner, have highlighted Solana alongside Bitcoin as a key asset attracting institutional attention, driven by surging investor interest and growing trading volume.

Back in May, CNBC’s Brian Kelly even speculated on the Fast Money show that Solana (SOL) could be the next cryptocurrency to receive an ETF approval.

A Solana ETF could unlock fresh liquidity from traditional finance, significantly boosting its market cap and price with Polymarket already giving it a 99% approval rate by the end of this year.

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Is Solana Eyeing the $190 Zone?

According to market analyst Lingrid, “SOL is rising steadily along an ascending trendline after breaking out from a complex multi-triangle structure and reclaiming key support. A sustained push may open the door for SOL to test the 190–200 range.”

Source: Lingrid

She added that Solana is forming higher lows and consolidating within a rising wedge, signaling bullish continuation as it approaches the key $190 resistance, where upper channel boundaries converge.

At the time of this writing, Solana was trading at $159.09, representing a 5.1% increase in the past week.

Meanwhile, with a year-to-date peak of 1,350 TPS, Solana now outpaces Cardano, Ethereum, and BNB in transaction speed, setting a new benchmark for blockchain performance.



Source: https://zycrypto.com/solana-in-the-spotlight-190-sol-price-target-in-sight/