Solana Hovers Above $200 as Analysts Split on What’s Next
But beneath the optimism, analysts are split on whether SOL is heading toward a fresh rally or a deeper correction.
Technical analyst Gert van Lagen has raised concerns, drawing comparisons between Solana’s weakening performance across major pairs and the early stages of LUNA’s infamous collapse. SOL is showing consistent underperformance relative to Bitcoin, Ethereum, Cardano, and XRP, with bearish signals forming on high timeframes. “If an asset bleeds against every major competitor, it’ll be swapped,” he warned.
In contrast, Web3 investor Zyn believes the breakout above $200 is significant, calling it a bullish confirmation. If support holds, he sees a path to $260 in the near term.
Beyond price action, Solana is undergoing a protocol-level upgrade in Epoch 821, expanding block size by 20% to boost transaction throughput beyond 60,000 TPS. While this could enhance scalability, past outages have left some users skeptical of the network’s long-term stability.
As Solana navigates conflicting technical and fundamental signals, investors are left weighing breakout potential against broader structural risks.
The post Solana Hovers Above $200 as Analysts Split on What’s Next appeared first on Coindoo.
Filed under: Bitcoin - @ July 23, 2025 11:16 pm