Solana (SOL) has experienced a remarkable 33% price increase over the past two weeks, catapulting it to the fifth largest cryptocurrency by market capitalization. This notable surge, which commenced on July 4, is attributed to the prevailing skepticism towards SOL among market participants.

On-chain analytics firm Santiment reports that Solana holders have been rewarded for their patience, as the cryptocurrency's price has climbed significantly during this period. Santiment suggests that as long as the current fear, uncertainty, and doubt (FUD) persist, Solana might continue to see price increases. If fear of missing out (FOMO) replaces the existing FUD, Solana could potentially reach the $200 mark soon.

At the time of writing, SOL had seen a modest 1% increase in the last 24 hours, bringing its price to $169, with a 21% rise over the past week. The recent rebound in Solana's price follows a steady rise from lows of $121 on July 5. This upward trend indicates strong demand, with bulls driving the price higher.

If this momentum continues, Solana could reach $180 and eventually hit the $200 level. Crypto analyst Ali Martinez previously identified a potential breakout above $150, which has since occurred, fueling further speculation about SOL's future price movements.

In conclusion, Solana's significant price surge amidst prevailing skepticism highlights the cryptocurrency's potential for growth. As market sentiment continues to shift, Solana may experience further price increases, potentially reaching the $200 mark if FOMO replaces existing FUD.