Adoption of network growth can push the price of salt to $ 200 to May

• The Solana Network faced a significant competition of other L1 chains, but the upcoming crypto summer encouraged optimism.

• The data on the chain shows the number of a non-sole salt address has recently reached a new maximum of all time.

Solana Price (Sol) has returned the bull’s momentum since the beginning of April 2025. Altcoin with large drops, with a fully diluted estimate of around $ 99.8 billion and an average volume of about 6 billion of 24 hours, has created higher high and higher lowest in the last seven weeks, signaling a growing trend in more time.

The growing trend of salt -coincides with the jump price of Bitcoin above $ 100,000 in the midst of the expected reversal of BTC’E weekly domination. Furthermore, growing crypto optimism favors Altes in the coming months, strengthening the notable ate the Ether against BTC.

Solana Network records mixed bases

Solana Network is still a key player in a definite space, mainly in a memecoin ecosystem. The growing acceptance of memecoin based in Solana helped increase the address of the non-SU SOL in the recent past. Toward the chain data Analysis from Grenede, the number of salt wallets holding at least 0.1 salt has reached a new high (ATH) of 11.16 million.

Meanwhile, the Commission for Securities and Exchange of United States (SEC) delayed its decision on Vaneck’s proposed Solana ETF on Monday for further inspection and counseling.

Medium expectations for a salt price

After hitting a local goal over $ 174 in the last two weeks, the price of Sol was captured in a short-term correction. Within a 1 hour time frame, salt price has formed a parallel symmetrical trend in the last few days.

After the price of salt has declined from the lower limit of the symmetrical trend of falling, the salt of the price is set to the gathering towards the upper border in the coming days. Potential close above the symmetrical trend will drop the price of SOL to the next short-term goal over $ 200.

However, further correction, in the coming days, is likely to reject the price of salt according to the next significant support level above $ 157.