Solana price has experienced a significant surge as of late, benefiting from a series of positive market trends that are propelling the cryptocurrency towards a potential breakout. This upward movement is indicative of a bullish reversal pattern, hinting at the possibility of a recovery rally. Within the past 24 hours, Solana’s price has surged by more than 8%, with SOL currently trading at $148. As such, there is a possibility that SOL could reach $200 by the end of May, especially if the market continues to recover and maintain its bullish trajectory.
Eleanor Ashworth is editor-in-chief at BTCNews. A Cambridge-trained journalist with 18 years across the Financial Times, Reuters and the Telegraph, she joined the crypto beat in 2017 after covering the Bank of England and HM Treasury. She holds the SABEW Best in Business award (2022) and was shortlisted for the British Journalism Awards (2023). At BTCNews she sets the editorial line for Bitcoin and macro markets coverage, with a focus on institutional adoption, regulation and central-bank policy. Based in London.