Solana’s native cryptocurrency jumped 15.4% over the past 24 hours to regain the $200 mark for the first time since July 24 and only the second time since February, according to The Block’s SOL price page.
“The $200 level marks a key psychological and technical milestone for Solana, signaling renewed investor confidence and stronger market liquidity,” Kronos Research Chief Investment Officer Vincent Liu previously told The Block. “Breaking this threshold often attracts more buyers and can set the stage for further upside momentum.”
SOL often led the revival following the bear market lows of 2023, becoming one of the few cryptocurrencies other than bitcoin to already make a new all-time high this cycle in January.
However, it had struggled compared to other crypto assets in recent weeks, particularly against ETH, whose outperformance since Jul. 14 flipped SOL for yearly gains for the first time since September 2024, per The Block’s data…
