Solana price hits $180 as Bitcoin storms toward a new all-time high. Data suggests SOL can go higher.
Solana (SOL) trades above $180 again after struggling to recapture the level for nearly 3 months. The month-long, 16.3% gain to $183 comes alongside Bitcoin (BTC) rallying within $1,000 of its all-time high, but does Solana-specific data support a move to higher levels?
Total altcoin capitalization (left) vs. SOL/USD (right). Source: Tradingview
Onchain and derivatives metrics indicate that Solana’s bull run may be just beginning, with the potential for further gains toward $200 and higher. Data shows a steady rise in the Solana network’s total value locked (TVL) as the amount secured in its smart contracts hit a 2-year high.