SOL Price Prediction: Can Bulls Break Through $160 Resistance?

#SOL

• SOL is trading above key moving averages, signaling strength
• MACD histogram shows decreasing bearish momentum
• Positive news flow could propel price toward $170

SOL Price Prediction

SOL Technical Analysis: Bullish Momentum Building

SOL is currently trading at $158.23, above its 20-day moving average of $147.78, indicating bullish momentum. The MACD remains negative but shows signs of convergence, suggesting weakening downward pressure. Bollinger Bands show SOL NEAR the upper band at $161.27, which could act as resistance. Analyst William from BTCC notes that a break above this level could target $170.

Market Sentiment Turns Bullish for SOL

Positive news around Solana's partnership with Bullish for stablecoin utility and speculation around meme coins like PENGU are driving optimism. SOL briefly touched $160, with analysts like William from BTCC watching for a potential breakout. NFT and trading platform integrations add to the bullish narrative.

Factors Influencing SOL’s Price

Viral Meme Coin PENGU Surges 29% Amid Spot ETF Speculation

PENGU, a Solana-based memecoin, rallied nearly 29% in 24 hours following the SEC's acknowledgment of a Canary Spot PENGU ETF filing. The token now trades at $0.01902 with $431M in daily volume, fueled by trader anticipation of broader institutional adoption.

Analyst Ali charts a bullish retest at $0.013, projecting a $0.060 target by August. Resistance levels at $0.032 and $0.044 may precede this climb, while open interest surpassing $176M reflects strong market conviction. 'This is just the start,' Ali tweeted, suggesting further upside potential post-ETF approval.

Bullish and Solana Partner to Enhance Stablecoin Utility in Trading

Bullish, a digital asset exchange with over $1.4 trillion in trading volume, is integrating Solana-native stablecoins into its infrastructure. The collaboration with the solana Foundation will leverage Solana's blockchain for custody, payments, trading, and settlement operations. This move underscores the growing institutional preference for high-performance networks to streamline financial transactions.

Solana's speed and cost efficiency are central to Bullish's strategy, as the exchange averages $2.5 billion in daily spot trading volume. The partnership also aims to co-develop regulatory-compliant and scalable infrastructure, further solidifying Solana's role in institutional-grade blockchain solutions.

Solana (SOL) Spikes to $160 — Will Bulls Power Past This Wall?

Solana's SOL token surged past $155, marking a bullish phase as it challenges the $160 resistance level. The asset now trades above its 100-hour moving average, with technical indicators suggesting sustained upward momentum.

A decisive break above $165 could open the path toward $178, while the $155 trendline serves as critical support. Market participants watch for a potential continuation pattern akin to Bitcoin and Ethereum's recent rallies.

Solana Price Faces Resistance Despite Breakout as Traders Hedge Bets

Solana's price broke out from its July compression channel ahead of the FOMC minutes, signaling potential upward momentum. Technical charts suggest a 5% rally toward $160 is plausible, but options market activity tells a different story.

Hedging activity surged dramatically, with the Put/Call ratio flipping from 0.35 to 1.19 within 48 hours. This options skew indicates traders are positioning for downside risk, particularly if Fed commentary turns hawkish. Open interest remains stagnant at $7.1 billion, failing to confirm the breakout's validity.

The standoff reflects broader market uncertainty. While Solana's technical structure appears bullish, derivatives traders appear unconvinced, creating a tension between spot and derivatives markets. All eyes now turn to macroeconomic cues that could break the impasse.

Record 3.7 Million Crypto Tokens Dead—Did Meme Mania Kill Them?

The crypto market is drowning in a sea of failed tokens, with 3.7 million cryptocurrencies collapsing since 2021. Nearly half of these failures occurred between 2024 and early 2025, highlighting the fragility of speculative projects. Memecoins dominate new launches, yet over 1.3 million tokens crumbled in 2024 alone.

Solana’s pump.fun platform has been a breeding ground for low-effort tokens, spawning more than 7 million since 2021. Meanwhile, stablecoins continue to thrive, nearing a $240 billion market cap as altcoins bleed value. The first quarter of 2025 saw 1.8 million token failures—accounting for 49.7% of all recorded shutdowns.

Market instability following Donald Trump’s presidential inauguration exacerbated the collapse. Over 52% of cryptocurrencies launched since 2021 have now failed, underscoring the high-risk nature of unproven projects in a volatile ecosystem.

Tension Builds: Solana (SOL) on the Verge of a Huge Move?

Solana's Bollinger Bands have tightened on the 4-hour chart, signaling potential volatility ahead. Despite a 3% dip to $148 this week, analysts maintain bullish targets between $240 and $300.

The current lull in SOL's price action—trading in a narrow $145-$149 range—may precede significant movement. Technical analyst Ali Martinez highlights the Bollinger Band squeeze, a classic indicator of impending breakout scenarios.

HOUSE Token Sparks Buying Frenzy Among Crypto Whales

The newly launched HOUSE token is rapidly gaining traction, blending meme culture with the growing interest in tokenized real estate. High-profile investors and influencers are flocking to the Solana-based asset, driving its valuation upward.

Within a short timeframe, whales and public traders accumulated over $1.1 million worth of HOUSE, injecting momentum into the illiquid market. Nansen's smart money data highlights HOUSE as one of the most actively traded tokens in recent days.

The token's appeal lies in its dual nature—capitalizing on both the meme coin craze and the real-world asset (RWA) tokenization trend. Despite reaching peak valuations, large holders continue to support the rally rather than taking profits.

Loopscale Recovers $5.8M in Full After Exploit Deal With Hacker

Loopscale has fully recovered $5.8 million lost in a recent exploit after negotiating with the attacker. The decentralized finance platform refunded all user deposits within 72 hours of the incident, ensuring no losses for its users.

The exploit targeted a pricing vulnerability in RateX PT tokens but left borrowers and loopers unaffected. Loan repayments have resumed, though withdrawals remain temporarily frozen.

All funds taken from the Loopscale protocol—5,726,725 USDC and 1,211 SOL—were returned following successful negotiations. The hacker retained only 10% of the stolen amount, demonstrating an unusual resolution in DeFi exploits.

Gate.io MemeBox Integrates with Solana Ecosystem to Enhance Multi-Chain Trading

Gate.io's MemeBox has officially integrated with the Solana ecosystem, marking a significant expansion of its multi-chain strategy. This move aims to streamline on-chain asset trading and introduce high-quality meme assets to a broader audience.

The platform has already established a strong presence on Ethereum, BNB Chain, and Base, positioning itself as a Core hub for trending asset trading. Solana's integration further solidifies MemeBox's ambition to become a global leader in cross-chain meme asset liquidity.

Solana's high-speed blockchain and growing meme project ecosystem make it an ideal partner for MemeBox's expansion. The collaboration is expected to attract new trading opportunities while strengthening Gate.io's influence in the meme asset market.

OpenSea Attracts 82K New Traders in a Week, Reclaims NFT Market Dominance

OpenSea is reasserting its position as the leading marketplace for NFT trading, with 82,000 new traders flocking to the platform in the past week. Data from DappRadar highlights this resurgence, underscoring OpenSea's renewed momentum in the digital collectibles space.

Activity on Arbitrum, Base, and Blast blockchains has fueled the surge, signaling where NFT demand is intensifying. The platform's recent integration with Solana further expands its reach across key blockchain ecosystems.

Trump Media Announces Utility Token and Crypto Wallet for Truth Social Platform

Trump Media & Technology Group (TMTG) unveiled plans to launch a utility token and native digital wallet for its Truth Social platform, according to a shareholder letter. The token will power premium features like subscriptions and extended video uploads, while the company earmarks $250 million from cash reserves for digital asset investments.

Markets reacted negatively to the news, with the Solana-based TRUMP memecoin dropping 10% amid concerns the new token could supersede existing projects. TMTG also revealed expansion plans for its Truth+ streaming service into Canada and Mexico, signaling broader ambitions in the social media and digital content space.

How High Will SOL Price Go?

Based on technical and sentiment analysis, SOL could challenge $170 if it breaks above the $161.27 resistance. Key factors include:

BTCC Analyst William