Solana: Why this analytics firm expects SOL to hit 200 USD in May

Greg Magadini from Amberdata predicts that SOL may hit 200 USD by the end of May 2025. For this to happen, SOL must overcome resistance set at 160 USD, a key hurdle in its price rally.

SOL’s call options are gaining appeal due to reduced implied volatility. The performance of SOL is outpacing Ethereum (ETH), and the SOL/ETH ratio has been increasing, indicating a positive trend for SOL over recent months despite existing challenges.

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