Solana Price Prediction: Could SOL Hit $200 Amidst Bullish Reversal?

The Solana price has been exhibiting positive trends, with a significant intraday trading volume of $3.106 billion and a 97.16% surge in its price. Over the past week, Solana’s value has increased by approximately 2%. This suggests a potential slowdown in buying and selling activity in the short term. While this is a period of relative calm, investors are exploring potential price movements for this popular cryptocurrency. Let’s delve into on-chain analysis to understand these possibilities. Is this a sign of bullish price action? This article will examine Solana’s on-chain sentiment and explore potential price targets for the altcoin in the coming week.