Could Solana Hit $200 After FOMC Decision Fuels Bullish Run?

Solana (SOL) price experienced a surge following the Federal Open Market Committee’s announcement of unchanged interest rates. This positive news ignited a bullish market trend, pushing SOL back above $150. Analysts predict further gains toward $200 mark. Driven by this optimism, traders are heavily invested in Solana, with long positions dominating the Binance derivatives market. 62.78% of active positions are currently long-oriented on the platform, suggesting a strong bullish sentiment.