Solana Nears Golden Cross on Price Charts: How High Can SOL Go?

Solana SOL has stalled around $170 in the past week after climbing back to that range earlier this month. Experts have noted that the asset has formed a “Golden Cross” on its recent price charts. The development could cue up a solid buying opportunity for investors, as it unlocks the path for SOL to reach $200.

According to analysts at BeInCrypto, Solana is getting close to this Golden Cross pattern. Its 50-day moving average climbed above the 200-day moving average recently. If this maintains, SOL investors may see a potential rally of around 50%. For context, a 50% climb for Solana SOL from its current price could see it reach $240.

The timetable for this surge is the main question, as SOL has seen similar rallies in various time spans. Ultimately, this depends on how soon the altcoin creeps towards $200. Analysts note that the token has formed a bullish “cup and handle” pattern, a continuation structure that usually precedes an upward breakout. According to crypto analyst Ali, a successful move above the $200 level could confirm the bullish formation quickly. Additionally, Solana traders have been buying into a $200 call option for SOL that expires on June 27th. This reinforces the belief that the asset will continue to increase and ride the wave that has made it a top cryptocurrency in 2025

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Since April 17th, Solana is up 85% and outpacing Bitcoin’s jump to above the $103,000 mark. Now, a Deribit-listed June 27th expiry has been grabbed up by these traders, according to a CoinDesk report. The move shows faith has increased in Solana, and if they’re right, it should continue to be one of the best-performing tokens of the year.

On the downside, the support at $162 remains crucial. A break below this region could trigger bearish momentum, pushing Solana prices down to $150. It’s important that SOL remains above $160 in the remainder of 2025 to keep the $200 dream alive.