SOL Price Prediction: Technical Strength and Institutional Support Fuel $160 Breakout Potential
SOL Technical Analysis: Key Indicators Signal Potential Breakout
SOL is currently trading at $163.21, below its 20-day moving average of $172.58, suggesting short-term bearish pressure. However, the MACD shows a bullish crossover with the histogram at 4.3213, indicating growing momentum. Bollinger Bands reveal price hovering NEAR the lower band at $162.63, which could act as support. According to BTCC financial analyst William, ’The convergence of MACD momentum and Bollinger Band positioning hints at a possible reversal if SOL holds above $160. A break above the middle band at $172.58 could confirm bullish continuation.’
Solana Market Sentiment: Mixed Signals Amid Network Growth
Positive developments like 1inch’s solana expansion and $24M DeFi funding contrast with airdrop controversies and large exchange deposits. BTCC’s William notes, ’While institutional support and V-shaped recovery narratives dominate headlines, the $15M SOL transfer to Kraken suggests some profit-taking. The 8% price surge despite macro tensions shows strong underlying demand, but traders should watch the $150-$160 range for confirmation of next direction.’
PAWS Airdrop Controversy Sparks User Backlash Amid Token Distribution Issues
PAWS Labs, a SocialFi project initially launched as a Telegram mini-app before expanding to Solana, faces user discontent following a flawed token airdrop on Bybit. The platform, which incentivizes social engagement through chat rewards and referrals, stumbled during its April 15 distribution, with users reporting missing or incorrect allocations.
Bybit acknowledged technical failures in the PAWS airdrop execution, compounding frustration among participants expecting seamless rewards. Meanwhile, PAWS’ subsequent listing on MEXC offers a potential recovery path, though skepticism lingers over project execution. The incident highlights growing pains for SocialFi projects bridging Web2 and Web3 ecosystems.
1inch Expands to Solana, Targets Cross-Chain DeFi Growth
Decentralized trading aggregator 1inch Network has launched on Solana, marking a strategic expansion into one of crypto’s fastest-growing ecosystems. The integration delivers sub-cent transaction fees and access to over a million tokens through 1inch’s aggregation protocol.
Solana’s high-throughput architecture now hosts 1inch’s Fusion mode, where professional market makers compete to fill orders via Dutch auction mechanics. This combination of advanced trading features and Solana’s technical advantages could redefine cross-chain liquidity.
The deployment precedes planned cross-chain functionality that will bridge Solana with ten existing 1inch-supported networks. While timing remains undisclosed, the move signals 1inch’s ambition to dominate multichain decentralized finance.
Solana Surges 8% Despite Global Macro Tensions
Solana (SOL) has defied broader market uncertainty, rallying 8% from its April 30 low of $140 to trade near $152. Daily trading volume spiked 35% as the asset showcased resilience amid deteriorating US-China trade relations.
Technical indicators reveal a volatile recovery path. SOL rebounded from a 7.4% correction on April 30, establishing strong support at $140.65 before testing period highs at $152.69. The 12-point trading range underscores the asset’s volatility as it outperforms the CoinDesk 20 Index’s 4% gain.
Solana Price Analysis and Forecast: Deviation or Market Breakout?
Solana’s institutional demand surges as U.S. spot ETF approval speculation grows. The network has attracted significant interest from institutional investors, fueling a bullish momentum that saw SOL prices climb over 20% in April 2025 to $150.33.
Technical indicators show SOL reclaiming the 50-day SMA as support, with $180 emerging as the next target. Futures Open Interest swelled by $1.6 billion in four weeks, underscoring growing market confidence.
Weekly charts confirm sustained bullish sentiment, positioning Solana for potential midterm gains. The altcoin’s $90 billion FDV and $3.7 billion daily trading volume reflect its maturing market presence.
Solana’s V-Shaped Recovery Targets $250 as Network Activity Surges
Solana has surged 8% to trade near $150, bolstered by robust network activity and growing demand signals. The Layer-1 blockchain’s Total Value Locked (TVL) has climbed 25% in the past month, surpassing $8 billion, reflecting heightened investor confidence.
Technical charts reveal a bullish V-shaped recovery pattern, with analysts eyeing a $250 price target if key resistance levels are breached. Market sentiment is further buoyed by speculation around a potential US spot Solana ETF approval, which could unlock institutional inflows.
The network’s fundamentals continue to strengthen, with developer activity and transaction volumes hitting new highs. This resurgence positions Solana as a standout performer in the competitive smart contract platform arena.
PumpFun Deposits $15M in SOL to Kraken; Total Transfer Nears $600M
PumpFun, a Solana-based meme coin launchpad, has deposited 105,233 SOL—worth approximately $15.86 million—to Kraken, marking another significant transfer in a series of transactions. The platform has now moved a total of 3,202,498 SOL, equivalent to $591 million, to the exchange at an average price of $185 per SOL.
Lookonchain tracked the latest transaction, revealing PumpFun’s consistent strategy of funneling user fees to Kraken. The platform has also sold 264,373 SOL for 41.64 million USDC at $158 per SOL, further solidifying its approach to liquidating accumulated fees.
Solana Price Holds Steady at $150 Amid Market Volatility
Solana’s price remains anchored near $150, reflecting muted activity despite broader crypto market turbulence. Trading volume dipped 14% in 24 hours, yet the asset has gained 15% over the past month—a signal of accumulating institutional interest.
Market participants now debate whether SOL will test resistance at $177 or retreat to $127. The altcoin’s sideways movement contrasts with its longer-term bullish trajectory, fueling speculation about its near-term direction.
Solana Surges Amid Significant Token Transfers to Kraken
Solana (SOL) has experienced a notable price surge following a large-scale token transfer by Pumpfun. The entity moved 105,233 SOL, worth approximately $15.86 million, to Kraken exchange. This transaction is part of a broader pattern, with Pumpfun’s cumulative SOL transfers now reaching 3,202,498 tokens. The team has reportedly sold 264,373 SOL for nearly $41.64 million in USDC, drawing market scrutiny.
On-chain data reveals three new wallets withdrew 145,000 SOL shortly after the transfer. Despite weak trading volumes, Solana’s daily chart shows a bullish breakout. Analysts caution that Pumpfun’s persistent sales strategy could introduce downward pressure on SOL’s price trajectory.
DeFi Development Corp Secures $24M to Amplify Solana Strategy
DeFi Development Corp, formerly known as Janover, has raised $24 million in a private equity round to bolster its Solana-focused initiatives. The capital infusion will expand the firm’s SOL holdings and staking activities, enhancing yield generation capabilities.
Investors including Galaxy Digital, Republic Digital, and Borderless Capital participated in the funding round. The firm currently holds 317,000 SOL tokens worth approximately $46.2 million, including staking rewards.
The rebranding and funding round signal a strategic pivot toward digital assets, with Solana emerging as a core holding. The blockchain’s high throughput and low transaction costs continue attracting institutional capital despite broader market volatility.
Cryptocurrency Projects Multiply Amid High Failure Rates
The cryptocurrency market has seen an explosive 1500% increase in project creation over the past four years, with listings ballooning from 428,383 in 2021 to nearly 7 million by 2025. A CoinGecko report highlights the proliferation of low-quality tokens, attributing much of the growth to platforms like Solana-based Pumpfun.
Pumpfun has democratized token creation, enabling users to launch meme coins and similar assets without technical expertise or substantial capital. The platform facilitated over 10 million token launches in the past year alone, accelerating the saturation of the market with speculative assets.
Solana Eyes $160 Breakout Amid Institutional Support and Technical Strength
Solana (SOL) holds steady near $146, consolidating after a recent rally fueled by robust on-chain activity and growing institutional interest. The network’s swift resolution of a critical security flaw has drawn both praise for its efficiency and scrutiny over centralization concerns.
Institutional confidence continues to build, with BitGo’s partnership with SOL Strategies and Upexi Inc.’s substantial SOL token purchase underscoring the asset’s legitimacy. Technical analysis points to bullish momentum, with $150 acting as immediate resistance and a potential breakout toward $170-$185 if buying pressure sustains.
