Solana Struggles to Break $200 Barrier as Crypto Market Explodes

Solana’s native token, SOL, has encountered challenges in staying above $200 for weeks despite the broader cryptocurrency market soaring towards new highs. While rivals like Ethereum and Binance Coin reached unprecedented records, Solana’s struggles have sparked questions about its momentum stalling. Analysts believe catalysts like potential US approval of a Solana spot ETF and new corporate reserve strategies with SOL could help propel prices higher, but they also highlight three major hurdles that must be overcome for a sustained surge toward $250 to materialize.