Solana's price has experienced a remarkable surge, reaching an impressive $175K on May 18. This significant upswing has pushed the altcoin into an overbought state, according to the Relative Strength Index (RSI). Analysts are optimistic, predicting that Solana will hit the $200 mark by the end of the month.

Solana's market price has been on a bullish trajectory for the third consecutive day, finding support at the $170 mark. The upward momentum propelled the price above $175 momentarily, elevating it to a five-week high. Earlier this week, Solana faced a critical juncture, but the recent upsurge indicates a potential bullish victory after the consolidation phase.

According to CoinMarketCap data, Solana is currently trading at $174, sustaining the upsurge since May 16. It has exhibited a 4.35% increase in the past 24 hours, with a market capitalization of $78.23B and a trading volume decline of 21.01% in the same period. The price hike has led to an overbuy situation in the market, with an RSI Index of 74.69.

Zooming out, Solana's price performance for the week stands at a positive 19.94%, according to Trading View data. Analysts predict a yearly high of $750 by 2030, with a yearly high of $340 in 2024 and a bearish price of $83. With the current momentum, Solana is expected to hit $200 by the end of the month, making it an exciting time for investors and traders alike.