Solana’s Bullish Momentum: Can It Surge Past $160?

Solana's price has shown a notable uptick, rising 1.34% in the past 24 hours to reach $153, accompanied by a substantial trading volume of $4.18 billion. This upward movement is supported by a breakout from the Channel Down pattern, which hints at a potential 10% gain, targeting the $160–$167 range. Technical indicators like the RSI, currently at 53.62, suggest neutral momentum, while the MACD is flashing bullish signals. Traders are closely monitoring key support levels between $140–$125 and resistance zones at $160–$180. While short-term momentum appears bullish, the medium-term outlook remains cautiously optimistic. As of July 11, 2025, Solana's market performance continues to draw attention, with investors keenly watching for a decisive break above $160 to confirm further upside potential.

Solana Price Surge: Can It Break $160? Key Resistance Levels and Market Insights

Solana's price has risen 1.34% in the past 24 hours, reaching $153 with a trading volume of $4.18 billion. A breakout from the Channel Down pattern suggests a potential 10% gain, targeting $160–$167. The RSI at 53.62 indicates neutral momentum, while the MACD shows bullish signals.

Traders are eyeing key support between $140–$125 and resistance at $160–$180. Short-term momentum appears bullish, but medium-term trends remain cautious. Stop losses at $136 could mitigate downside risks.

Pump.fun to Launch PUMP Token via ICO on July 12

Pump.fun, a Solana-based memecoin launchpad, is set to introduce its official PUMP token through an initial coin offering starting July 12. The ICO will allocate 15% of the total 1 trillion token supply to the public, priced at $0.004 per token with no lockup periods.

Institutional buyers have already secured 18% of the supply in a private sale. Participation requires KYC verification via Pump.fun's platform or partner exchanges including Bybit, Kraken, and Bitget. U.S. and U.K. residents are barred from the sale.

Potential token utilities include fee rebates and creator incentives, though specifics remain undefined. The project has generated over $720 million in fees since its January launch, signaling robust activity despite evolving market conditions.

PUMP Token Trades at 40% Premium Ahead of Pump.fun ICO

Pump.fun's native token PUMP is commanding a 40% premium on derivatives platform Hyperliquid, trading at $0.0056 versus its $0.004 ICO price. The futures market has priced in strong demand ahead of the July 12 token sale, with $30 million in volume recorded within 24 hours of listing.

Binance Futures will amplify trading activity with its own PUMP perpetual contract launch on July 10. The ICO will distribute 33% of PUMP's 1 trillion token supply, building on Pump.fun's $600 million revenue from Solana-based meme coin launches.

The protocol positions PUMP as the economic engine for a decentralized social platform challenging TikTok and Facebook, rewarding users with financial incentives rather than mere engagement metrics.

FARTCOIN Breakout Signals Point to $3 Target This Month

FARTCOIN, a Solana-based meme coin, is exhibiting strong breakout potential with a projected target of $3 this month. The cryptocurrency has surged 8.97% in the past 24 hours, trading at $1.156669, as bullish momentum returns to the altcoin market.

Open interest in Fartcoin futures has reached $754 million, ranking second among meme coins, indicating aggressive trader positioning. Key resistance levels at $1.24, $1.47, and $1.64 are being closely watched, with a critical volume test needed between $1.21 and $1.24 to sustain upward movement.

Analysts note the coin has entered a major Fibonacci retracement zone, with a breakout potentially triggering the next leg up. crypto trader Crypto Feras highlights the reversal pattern, suggesting further gains if current resistance levels are breached.

Solana Price Breakout Eyes $164 Amid Growing Market Optimism

Solana (SOL) has emerged from consolidation with a clear target of $164, backed by robust technical indicators and rising trading volume. The cryptocurrency's resilience stands out in a subdued market, posting a 3.23% gain in 24 hours and a steady 1.46% weekly increase.

Current price action at $157.98 reflects strong investor demand, with trading volume surging 18.08% to $4.82 billion. Market capitalization now stands at $84.63 billion, cementing Solana's position among top cryptocurrencies. Institutional interest appears to be growing alongside retail participation.

A bullish breakout pattern has formed on technical charts, marking a dramatic reversal from earlier lows below $14. Fundamental drivers include potential ETF approval and increasing staking inflows, creating a compelling case for continued upward momentum.

PENGU Price Skyrockets 30% After SEC Acknowledges Spot ETF Filing

PENGU, a Solana-based memecoin inspired by Pudgy Penguins, surged nearly 30% to a six-month high after the U.S. SEC acknowledged a spot ETF filing by Canary. The token, now trading at $0.01956, topped Coingecko's Top 100 performers with a 33% daily gain. Market capitalization breached $1.2 billion as trading volume exceeded $700 million.

The proposed ETF allocates 80-95% to PENGU tokens and 5-15% to Pudgy Penguins NFTs. Cboe BZX Exchange refined the proposal twice since March, with the SEC now soliciting public comments. Chartists highlight a bullish cup-and-handle formation, reinforcing momentum from prior ETF-driven rallies.