• SOL price has jumped 22% in one week, now trading at $180
• DeFi Total Value Locked increased to $9.6B from $7.5B this month
• Traders taking short positions with long/short ratio at 0.86
• Solana leads all blockchains with $22.4B in weekly DEX volume
• Technical indicators show overbought conditions with resistance at $185

Solana’s price has been on an upward trajectory, now hovering around the $180 mark. This represents the highest price point for SOL since February 2025.

The token has gained 6% in the last 24 hours alone. Over the past week, SOL has surged by 22%, drawing attention from traders and investors alike.

Data from Coinglass shows Solana’s open interest has increased by 11.08%. This metric indicates new money flowing into SOL trading contracts, typically a sign of market confidence.

The DeFi ecosystem on Solana has been thriving in May. Total Value Locked (TVL) has expanded from $7.5 billion at the start of the month to $9.6 billion now, according to DeFiLlama.

Several projects are driving this growth. Marinade has seen a 56% increase in TVL. Jito has grown by 41%. Raydium has experienced the largest growth at 78%.

Weekly trading volumes on Solana-based decentralized exchanges have also improved. Last week saw $22 billion in volume, up from $18 billion the previous week.

Network Performance Remains Strong

On-chain metrics for Solana continue to show health. Both revenue and transaction fees have increased for four consecutive weeks, reaching levels not seen in three months.

Currently, 65% of all SOL tokens are staked. This reduced circulating supply, combined with growing demand from DeFi users, creates favorable conditions for price growth.

Not all metrics are positive for Solana. The network’s stablecoin market cap has dropped by 8% over the past week, now standing at $11.7 billion.

The funding rate for SOL stands at 8%. This means traders are paying premium fees to maintain long positions. While this shows market optimism, such high rates often come before price corrections.

Solana has become the dominant blockchain for DEX activity. Its weekly volume of $22.4 billion surpasses Ethereum by more than $6 billion. Other networks like BSC, Base, and Arbitrum trail even further behind.

The combination of fast transactions and low fees has made Solana attractive for traders, memecoin launches, and liquidity providers.

Market Sentiment and Technical Analysis

Despite strong fundamentals, trader sentiment appears to be shifting. The long/short ratio for SOL has dropped to 0.8653, its lowest point in 30 days.

This means short positions (53.61%) now outweigh long positions (46.39%). This bearish positioning comes at an unusual time when network usage metrics remain strong.

Technical indicators for SOL present a complex picture. The cryptocurrency trades above all major moving averages, with 10, 20, 50, 100, and 200-day averages all signaling “buy.”

However, the RSI reading of 71.83 suggests overbought conditions. This may limit further upside in the short term without a cooling-off period.

The Bollinger Bands for SOL are widening. With the price near the upper band at around $185, this indicates high volatility and possible consolidation ahead.

SOL faces resistance at the $185 level. Breaking through could open a path to the $200 price target. On the downside, support exists at $170, with stronger support at $157 and $130.

The post Solana (SOL) Price Prediction & Analysis: Network Usage Soars as Token Eyes $200 appeared first on CoinCentral.

• The SEC has delayed its decision on the Grayscale Solana ETF until October.
• The delay is part of the standard 240-day window for ETF proposal reviews.
• The SEC continues its in-depth assessment of the ETF’s compliance and market impact.
• Grayscale filed the Solana ETF through the New York Stock Exchange earlier this year.
• Solana’s fast and low-cost blockchain network has increased its appeal in financial markets.

The SEC has extended its review of Grayscale’s proposed Solana ETF, delaying a final decision until October. The extension follows the standard 240-day evaluation window allowed for 19b-4 filings. The Solana ETF remains under review as the agency continues assessing its regulatory compliance and market impact.

SEC Maintains Hold on Solana ETF Proposal

Grayscale filed the Solana ETF through the NYSE, triggering the formal review process under existing securities laws. The SEC acknowledged the filing but has yet to approve or reject the proposal, citing ongoing assessment. This delay aligns with past agency actions involving crypto-based financial products.

The Solana ETF proposal arrives during heightened regulatory attention to digital assets and their market behavior. Although the ETF could broaden exposure to Solana, the SEC has emphasized caution in approving similar products. Market participants await clarity on how the ETF would function under current compliance standards.

The SEC’s review includes evaluating liquidity, custody mechanisms, pricing models, and how the SOL ETF interacts with broader market systems. The agency has also looked into the operational structure of similar offerings, making comprehensive reviews routine. A final determination on the Solana ETF will shape the pathway for other crypto ETFs.

Solana’s Market Role and Strategic Investment Activity

Solana’s blockchain is known for its scalability and fast processing, supporting thousands of transactions per second with low fees. These capabilities have contributed to Solana’s growing role in decentralized applications and real-world utility. The Solana ETF would offer a new gateway for exposure to this network under a regulated structure.

Grayscale’s proposal reflects Solana’s rising relevance among digital assets, especially amid increased activity in decentralized finance. Various market players continue integrating Solana into long-term strategies, reinforcing its presence in retail and institutional segments. The SOL ETF could formalize and expand that role under SEC oversight.

In parallel, firms like Defi Development Corporation have committed significant capital to Solana, signaling high confidence in its future performance. These firms prioritize direct asset holdings over ETF structures due to operational flexibility and potential yield benefits. Yet the Solana ETF could attract participants preferring regulated financial instruments.

SEC Review Continues Amid Crypto Policy Changes

Spot Solana ETF proposals emerged during regulatory shifts late in the Biden administration under SEC Chair Gary Gensler. The Trump administration’s acknowledgment of an SOL ETF adds new political dimensions, especially as policy stances evolve. A final SEC ruling will test the balance between innovation and regulation in digital finance.

Trump’s public support for blockchain development has raised expectations of a more favorable crypto policy environment. The classification of Solana as a security under previous regulatory guidance complicates the approval process. Still, current filings represent a significant shift in how digital assets seek mainstream financial adoption.

Meanwhile, other firms continue to adopt Bitcoin-style treasury strategies focused on Solana, bypassing ETFs altogether. These strategies highlight an evolving competitive landscape that may reduce the SOL ETF’s future market share. As the SEC proceeds with review, alternative vehicles may continue gaining ground in the digital asset space.

The post SEC Stalls Grayscale Solana ETF Decision—What’s Behind the Delay? appeared first on CoinCentral.

• SOL price has appreciated 40% over the past 30 days, reaching $178
• Weekly DEX volumes on Solana hit $35.6 billion, a two-month high
• Total Value Locked (TVL) surged 58% from $13.9 billion to $22.1 billion
• Solana meme coins have more than doubled in value, now worth $14.7 billion
• Analysts suggest SOL could reach $300 in the next 3 months if historical patterns repeat

Solana’s price has been on a strong upward trajectory, reaching $178 in recent trading. This marks its highest level since March and represents a 40% increase over the past 30 days. The price movement comes amid a broader recovery in the Solana ecosystem that has seen key metrics reach multi-month highs.

The weekly decentralized exchange (DEX) volumes on Solana have climbed to $35.6 billion. This marks the highest level in over two months.

This growth in trading activity has helped push protocol revenue to $25.9 million, according to data from Blockworks Research.

During this period, the network maintained an average throughput of approximately 1,190 transactions per second (TPS).

At the same time, Solana’s share of the SOL-USD trading market increased from 27% to 38%. This indicates growing demand for its native asset.

The Total Value Locked (TVL) on Solana has also shown impressive growth. DeFiLlama data reveals the network’s TVL rose 58% from a low of $13.9 billion to $22.1 billion over the last 30 days.

Meme Coin Explosion

A key driver behind Solana’s recent success has been the explosive growth in meme coins within its ecosystem. Tokens like Pudgy Penguins (PENGU), Bonk (BONK), and newer entries like Fartcoin (FARTCOIN) and Popcat (POPCAT) have all contributed to the rally.

The combined value of Solana meme coins has surged to $14.7 billion in just one month. These tokens now account for more than a fifth of the entire meme coin market capitalization, according to CoinMarketCap data.

Celebrity-endorsed tokens like Official Trump (TRUMP) have also gained popularity on the network. This has resulted in improved on-chain metrics across the Solana ecosystem.

Trading volumes for SOL have jumped by nearly 30% in the past 24 hours as fear of missing out (FOMO) appears to be taking hold in the market.

The Fear and Greed Index, a measure of market sentiment, has recovered from a record-low of 15 (Extreme Fear) a month ago to 73 (Greed) currently.

This shift in market attitude may be linked to recent macroeconomic developments. As the United States economy contracted during the first quarter compared to the previous three months, the odds of an upcoming interest rate cut have increased.

The Federal Reserve may now focus more on economic growth than inflation control, which could benefit risk assets like cryptocurrencies.

Technical Analysis Points Higher

Technical indicators suggest Solana could be poised for further gains. The price action appears to be setting up for a bullish crossover between the 21-day and 200-day exponential moving averages (EMAs).

The last time this pattern occurred, in September 2024, SOL delivered gains of more than 70% within two months. It then rose to its latest all-time high just four months after this signal.

If historical patterns repeat, analysts suggest SOL could rise to at least $300 in the next three months.

Momentum indicators show strong positive momentum. The Relative Strength Index (RSI) has reached overbought levels, while the MACD histogram has been trending higher for five consecutive days.

Key support areas to watch include the 21-day EMA and the 200-day EMA. As long as these support levels hold, Solana appears to remain on track to reach higher price targets.

The trajectory of the price action suggests a golden cross could occur once the price reaches the $190-$200 range. This could set up a short-term target of $212, an area that saw strong selling pressure earlier this year.

Trading volumes in the Solana ecosystem have increased to their highest levels since mid-February at $22.8 billion. The strong performance of meme coins has contributed to this higher trading activity.

The post Solana (SOL) Price: Ecosystem Revival Pushes Token to $178, Is $300 Next? appeared first on CoinCentral.

• Solana hits resistance at $175 as bulls struggle.
• DEX volume soars but bots are inflating the figures.
• $10B drained in hidden fees hurting liquidity providers.
• Liquidity leaks raise concerns over Solana’s future.
• Glyde launches with zero fees and bold promises.

Solana is testing a significant resistance level at $175 following a period of record-breaking decentralized exchange activity. The network’s daily DEX volume has exceeded $2.8 billion while its total value locked (TVL) remains near $9.4 billion. This sharp increase in trading velocity has raised concerns about sustainability as value continues leaking from the ecosystem.

Solana Hits Resistance as Price Hovers Near $175

Solana is trading at 173.92, just below a significant resistance zone that has triggered pullbacks in previous rallies. Historically, the $175 level has acted as a ceiling and floor, showing strong market memory across different cycles. A clean break above this level would need sustained volume and demand to confirm a new leg upward.

#Solana $SOL has reached a critical resistance area at $175! pic.twitter.com/hP66opUPKD

— Ali (@ali_charts) May 12, 2025

Price action leading to this point has been supported by strong momentum across DEX platforms on the Solana network. However, the rally now faces pressure from technical resistance, as shown in recent trading patterns. Any failure to hold above $175 due to profit-taking may trigger a short-term correction.

 Analysts show repeated rejections at the $175 range in past rallies making this level highly critical. The Solana price touched this resistance earlier but failed to break through cleanly and has since hovered beneath it. Consequently, traders are now observing whether volume can push through the supply at this zone.

DEX Volume on Solana Breaks Records but Raises Concerns

Solana’s decentralized trading activity has grown rapidly in 2025, with year-to-date DEX volume surpassing $806.8 billion. This reflects nearly 400% growth compared to last year’s period, showing significant onchain interest. However, much of this volume appears artificial due to MEV bots, front-running, and wash trading.

Solana is breaking records and breaking itself.

Daily DEX volume: $2.8B+
TVL: ~$9.4B
SOL price: ~$172.88

Over 29% of TVL turns over daily. No other chain comes close.

But here’s the problem:

This velocity isn’t healthy. It’s hemorrhaging value.

Solana’s 2025 DEX volume has…

— Sweep (@0xSweep) May 12, 2025

Several new platforms, such as BullX, Photon, and Pump.fun, have contributed to this rapid volume increase. Since the start of the year, these platforms have reportedly extracted over $10 billion in hidden fees from liquidity providers. As a result, real liquidity continues to exit the ecosystem, reducing its long-term health.

Although Solana maintains high activity levels, the trading ecosystem lacks safeguards to retain value within the chain. Fees collected through predatory mechanisms are not returned to the community or supporting protocols. Without structural reform, this extraction model may limit Solana’s growth and weaken user confidence.

New Protocol Glyde Aims to Retain Value in Solana

A new protocol called Glyde has entered the Solana ecosystem with a zero-fee model designed to retain all value onchain. Unlike traditional DEXs, Glyde replaces fees with licenses and returns protocol value to users through epoch-based redemption. This structure locks value as TVL instead of allowing it to leak out as revenue.

Glyde claims it does not rely on token emissions or incentives, making the protocol equity for its users. It introduces features like an artificial order book, AI-powered alerts, and slippage-free orders. By eliminating fees and front-running, Glyde aims to make Solana trading fairer and more sustainable.

This platform highlights a shift toward long-term alignment between user activity and protocol ownership in the Solana network. It may set a new standard for user-owned trading platforms across other chains. Whether Glyde’s approach changes the broader dynamics of value flow in Solana remains to be seen.

The post Can Solana Break the $175 Resistance After Record DEX Activity? appeared first on CoinCentral.

• Solana (SOL) jumped 10.02% to $160.32 on May 8, reaching its highest level since March 3
• MEXC COO Tracy Jin predicts SOL could reach $180-$200 if current levels hold
• DeFi volumes on Solana network broke $800 billion in 2025
• Technical analysts noted a “textbook fakeout” pattern with SOL recovering after a 30% dip
• Some market forecasts suggest SOL could break past its all-time high of $294.33 by end of 2025

On Thursday, May 8, SOL jumped 10.02% to $160.32, marking its highest level since March 3. This surge came alongside news that DeFi volumes on the Solana network crossed $800 billion in 2025.

While over half of that volume came in January, continued strength in recent months shows sustained investor interest in the ecosystem.

Tracy Jin, COO of MEXC, told reporters that SOL could reach as high as $180 or $200 if it maintains current price levels.

“Solana’s current price action suggests a wide accumulation range that is often seen in assets transitioning from a growth phase into a more mature market position,” Jin explained.

Network Growth Driving Investor Interest

Jin believes there is a “fundamental shift” in how markets perceive Solana. The growth of its ecosystem, combined with relative weakness in Ethereum, is attracting institutional investors to SOL.

“Ethereum ETFs have bled more than $350 million year-to-date. Solana has been the dominant network among L1 and L2 chains in 2025, driven by the rise of platforms like Pump.fun, radium, and Axiom,” Jin noted.

The upcoming launches of Solana ETFs are expected to further boost its appeal to institutional investors.

As of May 9, Solana was trading at $149.76, up 2.14% over the previous 24 hours. Trading volume rose to $4.55 billion, representing growth of 53.61%.

The asset has appreciated by 0.70% over the last week, showing a steady upward trend despite some volatility.

Technical analyst AndrewGriUK recently identified what he called a textbook “fakeout” on SOL’s price chart.

#SOL Solana – CRYPTO:SOLUSD just pulled a classic fakeout! (Check chart above for in-depth analysis👆🏻) In the last 25 days, SOL plummeted -30%, shaking out many bulls before staging a full comeback. With strong horizontal support, bullish momentum is back, presenting fresh… pic.twitter.com/c14gBUe7Xw

— Andrew Griffiths (@AndrewGriUK) May 7, 2025

In the last 25 days, Solana fell by 30%, breaking below a key horizontal support area. This likely triggered stop-losses and discouraged retail investors before reversing course.

The subsequent rally was marked by heavy volume and a clean breakout over resistance levels, indicating a new uptrend.

Traders are now focusing on the $120 and $250 levels as key areas to monitor. The former represents confirmation of support, while the latter aligns with longer-term resistance levels.

Some analysts are even more bullish on SOL’s long-term prospects. Market forecasts suggest Solana could break the $329.94 barrier by the end of 2025, potentially surpassing its current all-time high of $294.33.

Solana $SOL chart looking strong…

Price tapped $164 in the overnight, approaching a major level of resistance at $170

The daily chart shows a breakout from a bull flag targetting $210🚀 pic.twitter.com/YvFqhRj6ef

— Trader Edge (@Pro_Trader_Edge) May 9, 2025

This optimistic outlook is tied to wider industry trends, particularly the expansion of blockchain technology in financial services.

Solana’s reputation for efficient and affordable transactions has positioned it as a leader in this evolving market.

Adding to potential catalysts, Robinhood is reportedly examining blockchain infrastructure options, including Solana, to help European retail investors trade tokenized US equities.

Though these discussions are preliminary, Solana’s inclusion as a contender reflects its growing reputation among blockchain networks.

If selected for this purpose, Solana would further cement its position at the center of the emerging financial ecosystem.

The most recent data shows SOL maintaining its price above $149, with growing trading volumes suggesting continued interest from both retail and institutional investors.

The post Solana (SOL) Price Prediction & Analysis: $200 Target After Recent Surge? appeared first on CoinCentral.

• Robinhood plans to offer tokenized US securities to European retail investors
• The company is considering using either Solana or Arbitrum blockchain for tokenization
• Robinhood recently obtained a brokerage license in Lithuania to expand in the EU
• This move follows Robinhood’s strong financial performance in Q1 2025
• The platform would enable 24/7 trading and potentially faster settlement times

Robinhood, the popular financial services firm, is exploring new ways to bring US securities to European investors through blockchain technology. According to reports from Bloomberg, the company is working on a platform that will offer tokenized versions of US stocks to retail traders in Europe.

The project is still in development, with Robinhood weighing options between two major blockchain networks: Solana and Arbitrum. Both blockchains offer different advantages in terms of transaction speed, costs, and compatibility.

No final agreement has been made public yet. Spokespersons from Robinhood, Offchain Labs (Arbitrum’s developer), and the Solana Foundation have not provided official comments on the matter.

Regulatory Progress Fuels Expansion

This move comes after Robinhood secured a brokerage license in Lithuania. This license allows the company to offer stock trading and investment services throughout the European Union.

The company is also in the process of acquiring crypto exchange Bitstamp. This pending acquisition would give Robinhood access to a MiFID-licensed multilateral trading facility, opening opportunities for crypto-linked derivatives in Europe.

“I think tokenized securities can really push forward US company dominance in the global market,” Robinhood CEO Vlad Tenev said. “Right now, it’s very difficult to invest in a US company if you’re overseas.”

How Tokenized Securities Would Work

The planned infrastructure would represent US equities on a public blockchain, making them tradable by European users. This approach could bring several benefits to investors.

Tokenized securities could enable near-instant settlement of trades. This is faster than the traditional two-day settlement period for stock transactions.

The blockchain-based system might also reduce costs for investors. Transaction fees could be lower due to the removal of certain intermediaries in the trading process.

Trading would be available 24/7, unlike traditional markets with limited hours. This continuous access could create deeper market liquidity and more trading opportunities.

The European regulatory environment appears more welcoming to such innovation. The EU has taken steps toward crypto banking regulation through frameworks like MiCA (Markets in Crypto-Assets).

Robinhood’s timing aligns with its recent financial success. The company reported earnings that exceeded Wall Street expectations in Q1 2025.

For the blockchain networks under consideration, this partnership could drive new usage. Either Solana or Arbitrum would likely see increased transaction volumes and user activity if selected for the platform.

Solana has recently attracted institutional interest, with BlackRock choosing the blockchain for its BUIDL money market fund. The SOL token has maintained a price around $140, supported by increasing fee revenues.

Robinhood’s most recent move follows a trend of increasing interest in tokenized real-world assets across the financial industry.

The post Robinhood Eyes Solana & Arbitrum for Tokenized US Stocks in Europe appeared first on CoinCentral.

• SOL is currently consolidating near $145 after declining from the $155 zone
• A whale recently staked nearly 194,000 SOL (worth $28.7 million)
• Solana outpaced other chains in protocol revenue for Q1 2025
• Technical analysis shows both downside risk below $142 and potential bullish momentum toward $160
• An Ichimoku Cloud breakout has been observed, signaling possible bullish momentum

Solana (SOL) has been experiencing volatility in recent days, with the cryptocurrency trading below key resistance levels. The price is currently consolidating near the $145 mark after facing rejection at higher levels.

SOL started a fresh decline after reaching approximately $155. The cryptocurrency dipped below several key levels including $150 and $148, forming a low at $142.64.

Technical indicators suggest Solana is now trading below the 100-hourly simple moving average. A short-term rising channel or continuation pattern is forming with support at $144 on the hourly chart.

The immediate resistance for SOL lies near $147, with more substantial resistance near the $150 level. If the price fails to break above $150, it could resume its downward trend.

Initial support on the downside is around the $145 zone. The first major support level is observed near $142. A break below this level might push the price toward $135, and further weakness could see SOL decline toward $122.

Whale Activity Boosts Confidence

A notable development for Solana’s outlook comes from recent whale activity. A significant player in the market has staked over 194,000 SOL, worth approximately $28.7 million.

This kind of substantial commitment from large holders often reflects strong conviction in the network’s long-term potential. When major investors lock their assets, it typically signals confidence in the project’s stability and expected growth.

The whale staking activity was first highlighted by Crypto Rover and represents one of the more substantial single staking transactions seen recently for Solana.

💥BREAKING:

A WHALE JUST STAKED $28.7M WORTH OF $SOL

LETS GO 🚀 pic.twitter.com/Ajfm7liCzJ

— Crypto Rover (@rovercrc) May 3, 2025

Market observers view this development as a potentially bullish signal amid broader market uncertainty. The willingness of major players to lock up significant capital suggests underlying confidence in SOL’s prospects.

Strong Fundamental Performance

Beyond price action and whale activity, Solana’s fundamental performance has been robust. According to data from Glassnode, Solana outpaced all other blockchain networks in protocol revenue for Q1 2025.

This achievement is particularly noteworthy given the competitive landscape. Solana generated higher revenue than Ethereum during this period, suggesting its ecosystem is developing into a formidable economic engine.

The strong revenue performance came during a quarter dominated by memecoin activity, highlighting that beneath the market noise, Solana’s user activity and monetization capacity are gaining serious traction.

This combination of whale confidence and strong fundamental metrics provides context beyond simple price action for Solana’s current market positioning.

Technical Analysis Suggests Potential Upside

Despite short-term downside risks, several technical indicators point to potential bullish momentum for SOL. A recent breakout above the Ichimoku Cloud on daily charts has caught the attention of technical analysts.

As highlighted by analyst Crypto Seth, SOL is currently hovering around the $138 to $140 resistance zone. If bulls maintain control, the $160 level could be the next logical target.

$SOL is above the cloud. Buy signal flashed on 1D.

Probably nothing… pic.twitter.com/jXr7zvHqd3

— Crypto Seth (@seth_fin) May 3, 2025

The technical setup shows momentum indicators aren’t overheated, suggesting room for continued upward movement. However, the $145 to $150 region shows signs of congestion, and increased volume would be needed for a decisive breakout.

Solana’s price action also appears to align with broader trends in global liquidity. A chart shared by Bull Bear Spot tracks SOL against M2 money supply, showing that as liquidity expands, Solana’s price tends to follow.

For now, Solana is maintaining a crucial structure above $140, with significant attention focused on how it behaves approaching the $150 to $155 range. This zone has historically served as both resistance and support.

The most recent price data shows SOL trading at approximately $145, with traders closely monitoring whether it can break above $150 to target $160, or if it will face rejection and retest lower support levels.

The price of Solana is currently balancing between bearish short-term momentum and potential longer-term bullish indicators, with recent price action showing congestion around the $145 level.

The post Solana (SOL) Price Prediction & Analysis: Chart Breakout Could Signal Path to $160 appeared first on CoinCentral.

• Solana is trading around $146, maintaining stability after recent price surges
• A critical security vulnerability was successfully patched, though sparked centralization debates
• Institutional confidence growing with BitGo partnership and Upexi Inc.’s purchase of 45,733 SOL tokens
• Technical indicators suggest upward momentum with key resistance at $150
• Targets between $170-$185 possible if SOL breaks above current resistance levels

Solana (SOL) is currently trading around the $146 mark, holding steady after a period of strong upward movement. The cryptocurrency has caught the attention of investors as it approaches a key resistance level at $150, with technical indicators suggesting potential for further gains.

Recent price action shows SOL maintaining stability despite market fluctuations. This steadiness comes after bouncing off support zones between $134 and $140, indicating a possible bullish reversal pattern.

The network recently addressed a critical security vulnerability discovered on April 16. The zero-day vulnerability could have allowed attackers to create false proofs affecting Solana’s Token-22 secret tokens, potentially enabling unauthorized token minting and withdrawal from user accounts.

Development companies Anza, Firedancer, and Jito led the patch deployment. The Solana Foundation has confirmed that the vulnerability has been fixed and all funds are safe, with no known exploitation occurring.

Within approximately two days of discovery, a super majority of validators applied the remedy. This quick response demonstrates the network’s ability to handle crisis situations effectively.

Rising Institutional Interest

Institutional interest in Solana continues to strengthen, highlighted by strategic partnerships and investments. BitGo recently announced a collaboration with SOL Strategies to expand Solana staking activities, combining BitGo’s security architecture with SOL Strategies’ expertise in running institutional-grade Solana validators.

This partnership comes at a critical time as institutional demand for Solana staking grows following the approval of Solana futures ETFs in the United States. BitGo serves more than 2,000 clients across 90 countries and has recognized SOL Strategies’ expertise in operating high-performance Solana validators.

In another strong show of institutional confidence, NASDAQ-listed corporation Upexi Inc. reportedly purchased 45,733 SOL tokens valued at approximately $100 million through its treasury management. This substantial investment marks one of the most important institutional investments in Solana to date.

On-chain data reveals major whale accumulation, with one large holder recently staking almost 194,000 SOL (worth about $28.7 million). This commitment demonstrates strong conviction in Solana’s long-term viability from sophisticated market players.

Technical Analysis Points to Breakout Potential

The technical outlook for Solana appears positive. SOL has formed a consolidation pattern slightly below the crucial $150 resistance level. On the daily chart, a recent breakout above the Ichimoku Cloud indicates increasing bullish momentum that could drive prices toward the $160 target.

Rising trading volumes support the possibility of a successful breakout above current resistance levels. Technical experts project additional upside potential with targets between $170 and $185 if SOL manages to convert the $150 zone from resistance to support.

Some analysts offer even more optimistic longer-term targets at $260 and $320. However, not all share this bullish outlook. Some technical analysts believe SOL might need to retest support in the $140-$135 range before establishing a sustainable recovery above $150.

The increase in open interest in Solana futures also supports this bullish outlook. From early 2024, both Solana’s price and open interest have increased in tandem, signaling growing confidence in the asset’s future performance.

As Solana’s price surged from $50 in early 2024 to around $146 currently, open interest also saw a major rise. This correlation between price and open interest is often viewed as a bullish signal.

SOL’s price action appears connected to increasing global liquidity. Tracking SOL against M2 money supply reveals a clear trend: Solana’s price often correlates with rising global liquidity.

This relationship suggests that the current liquidity environment may support further price increases. As global money supply continues to expand, Solana seems positioned to benefit from these macroeconomic tailwinds.

Solana’s outstanding network performance in Q1 2025 helps reinforce the positive sentiment. According to Glassnode data, Solana exceeded all other blockchain systems—including Ethereum—in terms of protocol revenue in the first quarter of the year.

This success highlights Solana’s increasing economic activity and monetization, suggesting that despite market volatility, the network’s fundamentals are improving.

While the patch handling for the security vulnerability has sparked debates about network centralization, Solana continues to show resilience. Critics have questioned the communication channels between the Solana Foundation and validators, pointing to their coordination as evidence of centralization issues.

Anatoly Yakovenko, CEO of Solana Labs, defended the approach by comparing it to how Ethereum would handle similar situations. However, Ethereum proponent Ryan Berckmans objected to this comparison, noting that Solana currently relies heavily on one production-ready client.

For now, the $150 level remains the biggest obstacle to watch. With a successful breakout above this level, momentum could accelerate toward the $160 target and beyond to the $170-$185 resistance zones.

The post Solana (SOL) Price Prediction & Analysis: Breaking $150 Could Trigger Major Rally to $185 appeared first on CoinCentral.

• Solana is currently trading around $148, defending critical $145 support level
• Network recently surpassed 400 billion total transactions milestone
• DEX volume surged 44% to $21 billion in the past week
• Technical patterns show conflicting signals: bearish head-and-shoulders vs bullish cup-and-handle
• Price could target $180 if support holds, but risks falling to $137 if $145 breaks

Solana defends the $145 support level while celebrating a major network milestone. The cryptocurrency is demonstrating mixed signals that have traders closely watching its next move, which could determine whether SOL heads toward $180 or falls back to lower support levels.

The price has been fluctuating near the psychological $145 mark as it struggles to maintain bullish momentum. After recovering from lows near $95, SOL reached a high of $157 but has since had difficulty sustaining levels above $150.

This has led to a consolidation phase with SOL trading between key support at $145 and resistance at $155.

Currently hovering around $148, the price shows some minor buying interest, but caution remains as bears continue to apply pressure.

The 4-hour chart shows a minor lower wick on the latest candle, potentially indicating a bullish reversal. Support from the 50 Exponential Moving Average (EMA) could help the price hold above $145 in the short term.

However, concerns persist about a potential breakdown below this critical support level, which could trigger a dip to $137, another key support area.

Technical Patterns Show Mixed Signals

The consolidation zone between $145 and $155 has formed a bearish head-and-shoulders pattern. This classic technical formation suggests a potential reversal of the current uptrend if the neckline at $145 breaks.

If this occurs, SOL could face downward pressure, pushing the price to lower levels like $137 or even $124.

Despite these short-term bearish signals, there’s optimism for Solana’s longer-term outlook. On the weekly chart, SOL appears to be forming a cup-and-handle pattern, which is often seen as a bullish continuation pattern.

The neckline of this formation is near $300, suggesting that a successful breakout could lead to a strong bullish rally, potentially surpassing previous all-time highs.

The ongoing formation of the handle suggests SOL might be in the final stages of completing this pattern, with a breakout looking increasingly likely.

Network Activity Reaches New Heights

While price action remains uncertain, Solana’s network metrics continue to impress. The blockchain recently surpassed 400 billion total transactions, marking a major milestone for the network.

On-chain activity remains strong, with decentralized exchange (DEX) volume surging to $21 billion over the last seven days—a 44% increase that keeps Solana firmly at the top of the DEX volume leaderboard.

Since hitting lows of $9.98in January 2023, SOL has delivered a remarkable 1412% rally, standing out as one of the market’s top performers during this cycle.

The Solana ecosystem has also seen tremendous growth over the past year. Projects like Pump have generated over $75 million in fees in the past month, while established protocols like Raydium, Meteora, Jupiter, and Jito continue to generate millions in monthly revenue.

Momentum indicators show that SOL’s relative strength index (RSI) has cooled significantly, dropping to 50.61 after hitting 70.52 just four days ago. This sharp decline mirrors the slowdown in price momentum after the rally above $150.

The RSI hovering around 50 typically reflects a neutral stance where buying and selling forces are more balanced, suggesting the market is at a key crossroads for SOL.

The market is now watching for key price action around the $145 support level. As long as SOL maintains above this threshold, bulls may aim for higher targets. A breakout above $155 could pave the way for a rally toward $165, with a possible extension to $180.

SOL is currently trading near $148 as traders await its next decisive move.

The post Solana (SOL) Price: Will Cup-and-Handle Pattern Drive Push to $180? appeared first on CoinCentral.

• SOL/BTC is forming an inverse-head-and-shoulders pattern with neckline at 0.00162 BTC
• Veteran trader Josh Olszewicz predicts a breakout may occur in late May
• SOL currently trading around $150, with potential to reach $205 if breakout occurs
• Price holding above $145 support level with resistance at $152-$155
• Short-term triangle pattern forming, suggesting consolidation before next move

Solana Shows Promising Technical Patterns

Solana’s price action is showing signs of a potential breakthrough. The SOL/BTC pair has been forming an inverse-head-and-shoulders pattern since early March, according to veteran trader Josh Olszewicz. This pattern is typically seen as a bullish signal.

The pattern shows a March 19 low at 0.00127 BTC (around $120) forming the head. This is flanked by higher swing lows creating the shoulders. The horizontal neckline sits at approximately 0.00162 BTC.

With Bitcoin trading near $94,765, Solana is currently priced around $150 per coin.

This pattern is taking shape just two months after the market completed the opposite formation. From mid-December to early February, SOL/BTC carved out a standard head-and-shoulders pattern, which led to the February decline.

The symmetry between these patterns adds credibility to the current formation. It shows how consistently the pair has followed classical chart patterns over the past six months.

Technical Indicators Point to Late May Movement

The chart analysis includes an Ichimoku overlay with specific technical levels. The Tenkan-sen sits at 0.00150 BTC, with the Kijun-sen at the neckline (0.00162 BTC).

The Senkou Span A prints at 0.001742 BTC while Span B holds higher at 0.002159 BTC. The cloud remains bearish but is beginning to compress, which signals weakening downward momentum.

Olszewicz cautions that while the pattern is promising, a breakout might not happen soon. He suggests late May as a likely timeframe when the Kumo (cloud) thins materially.

1D SOL/BTC

iHS +E2E at some point but not soon, prob late May pic.twitter.com/Qrxzntjsja

— #333kByJuly2025 (@CarpeNoctom) April 27, 2025

A premature breakout attempt risks rejection back to around 0.00151 BTC ($143). This level coincides with the current Tenkan-sen position.

The Chikou Span remains below price and cloud, indicating that trend confirmation is still pending. Both Ichimoku followers and pattern traders would agree that 0.00162 BTC is the key level Solana bulls need to break.

If SOL achieves the edge-to-edge target, it would gain roughly 26% against Bitcoin from current levels. This would put it back to early February prices, around $205.

On the other hand, if the neckline rejects again, support is thin until around 0.00145–0.00148 BTC. Breaking below this level would invalidate the bullish outlook.

Short-Term Price Action Shows Consolidation

In recent trading, Solana has been moving sideways but maintaining a bullish bias. SOL price started rising from the $142 support zone and is now consolidating above that level.

The price is trading above $145 and the 100-hour simple moving average. A short-term contracting triangle is forming with resistance at $152.

Solana faces immediate resistance near $149.50, with additional resistance at the $150 and $152 levels. A successful close above $152 could trigger another steady increase toward $155 and potentially $165.

On the downside, initial support sits near $147, with major support at $145. If SOL drops below $145, it might decline toward $138 or even $132.

For now, the market is coiling beneath resistance while approaching the cloud’s inflection point. Whether Olszewicz’s late-May timeline proves accurate will depend on Bitcoin’s trajectory and the broader market environment.

At press time, SOL was trading at $149.

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