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Solana Trades Higher Wednesday Morning — Is A $200 Breakout On The Horizon?

  • On May 10, 2025, Solana reached a near three-month high of $184.72 before easing to around $180 amid active trading and $7.48 billion open interest.
  • The price surge followed a bullish pennant breakout supported by strong technical setups, growing ecosystem adoption, and robust global liquidity conditions.
  • Analyst Crypto Sensei identified short-term resistance near $180 and noted a likely pullback around $200 while indicators like MACD and RSI signal moderate bullish momentum.
  • SOL gained over 5% in 24 hours, with more than 63% of derivatives traders holding long positions and significant liquidation clusters near $172-$174 indicating possible volatility.
  • If Solana sustains gains above $180, it could approach $200 or higher, although high-leverage liquidation risks may cause short-term price swings before further upward momentum.
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World NEWS Live broke the news in on Monday, May 12, 2025.
Sources are mostly out of United States (1)

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