#SOL Breaks $170#

The S&P 50 stopped around $170 in the past week after climbing back to that range earlier this month. Experts noted that the asset has formed a "Golden Cross" in its latest price charts. The development could provide a solid buying opportunity for investors as it unlocks the path for SOL to reach $200. According to analysts from BeInCrypto, Solana is approaching this Golden Cross pattern. Its 50-day moving average recently climbed above the 200-day moving average. If this holds, investors in SOL could 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 timing of this spike is the main issue, as SOL has seen similar rallies in different time periods. Ultimately, it 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 can quickly confirm the ascending formation. Additionally, Solana traders are buying a $200 payment option for SOL, which expires on June 27. This reinforces the belief that the asset will continue to increase and ride the wave that made it the top cryptocurrency in 2025.