Solana Shows Resilience: On-Chain Strength Defies Bearish Price Action

Despite facing bearish price pressure in a weak crypto market, solana (SOL) demonstrates underlying strength through key on-chain metrics. The realized cap, an indicator of the asset’s true economic footprint, is showing signs of stabilization after recent volatility. This divergence between price action and network fundamentals suggests a potential accumulation phase, mirroring historical patterns. As of May 17, 2025, SOL’s price stands at $167.88 USDT.

Solana Metrics Show Resilience Amid Market Pressure

Solana’s market dynamics reveal a tale of two trends. While its price faces bearish pressure amid broader crypto market weakness, key on-chain metrics signal underlying strength. The realized cap—a measure of the asset’s true economic footprint—has begun stabilizing after recent volatility, according to Glassnode data.

This divergence between price action and network fundamentals mirrors patterns seen during previous accumulation phases. Market participants appear to be weighing short-term technical headwinds against Solana’s robust ecosystem activity and developer traction.

Eric Trump-Themed Solana Meme Coin Surges 6,200% Amid Rug Pull Warnings

A Solana-based meme coin branded with Eric Trump’s name has skyrocketed over 6,200% in 24 hours, reaching a $140 million market cap. The token, launched via Pump.fun, now faces scrutiny as blockchain analysts detect hallmarks of an impending rug pull.

On-chain data reveals alarming centralization—over 80% of ERICTRUMP’s supply sits in just 10 wallets. The deploying address has a history of abandoned Trump-themed projects, fueling suspicions of coordinated price manipulation. This pattern mirrors recent Solana meme coin exit scams where developers drain liquidity after artificial pumps.

While retail traders chase parabolic gains, investigators warn the token’s infrastructure suggests deliberate exploitation of speculative hype. The Solana ecosystem continues grappling with reputation risks from such predatory launches, despite legitimate innovation in its high-speed blockchain architecture.

Solana (SOL) Momentum Slows Despite Dominance in DEX Volume

Solana’s recent rally shows signs of fatigue as technical indicators like RSI and EMA lines suggest potential consolidation. The blockchain nevertheless maintains its lead in decentralized exchange volume, recording $27.9 billion over the past week—a 45.78% surge from the previous period.

Solana-based applications remain among the top fee generators, underscoring the ecosystem’s vitality. The chain has now outperformed Ethereum, BNB Chain, and others in DEX volume for four consecutive weeks, reinforcing its position as a key player in decentralized finance.

Solana (SOL) Eyes 100% Rally as Bullish Momentum Builds

Solana’s SOL token is carving a path toward a potential 100% rally, with its current 64% surge possibly just the first leg of a broader uptrend. The asset trades decisively above all critical exponential moving averages—26-day, 50-day, 100-day, and 200-day—a constellation last seen before major historical breakouts.

A golden cross formation looms as the 26-EMA approaches the 200-EMA from below, a technical event that has preceded parabolic moves in previous cycles. Volume confirms the conviction behind this rally, with buyers aggressively defending the $160-$165 support zone after SOL rebounded from $120.

The market structure suggests room for continuation. By establishing distance from resistance clusters and reclaiming psychological levels, Solana appears positioned for what could become one of Q3’s most consequential crypto narratives.

Solana Traders Exercise Caution Despite Bullish Technical Pattern

Solana’s SOL is charting a classic cup-and-handle formation on weekly timeframes, with its price testing the $200-$210 resistance zone after rebounding from $135. The asset currently trades at $170.20, reflecting a modest 1.57% daily decline. While the pattern suggests potential upside, market participants remain guarded.

Binance’s long bias metrics contrast with lukewarm social sentiment, creating a divergence between technical Optimism and trader psychology. A decisive breakout above $200 could validate the bullish reversal thesis and trigger accelerated buying.

Exchange FLOW data reveals relatively balanced activity, with $148.49 million recorded on May 16. The market appears to be awaiting clearer signals before committing to directional bets.