SOL Price Prediction: Can It Reach $200 Amid Bullish Momentum?

#SOL

• Technical Strength: Price above MA with converging MACD suggests trend reversal
• Ecosystem Growth: $200M treasury injection and major stablecoin launch
• Market Sentiment: Whale activity and pattern formation indicate bullish conviction

SOL Price Prediction

SOL Technical Analysis: Bullish Signals Emerge

According to BTCC financial analyst William, SOL is currently trading at $161.97, above its 20-day moving average of $151.78, indicating a bullish trend. The MACD remains negative but shows signs of convergence, which could signal weakening downward momentum. The price is hovering NEAR the upper Bollinger Band at $165.43, suggesting potential resistance ahead. A breakout above this level could confirm further upside.

Market Sentiment Turns Positive for SOL

BTCC financial analyst William notes that recent news highlights strong institutional interest in Solana, including a $200M treasury injection and a $100M stablecoin launch. Despite some security concerns like the Loopscale hack (with funds being returned), the overall sentiment remains bullish. The rapid sell-out of Pump.fun's token sale and the formation of a cup-and-handle pattern further support potential upward momentum.

Factors Influencing SOL’s Price

Pump.fun’s $4B Token Sale Sells Out in 12 Minutes Despite Declining Volume

Solana-based memecoin platform Pump.fun has defied declining activity metrics with a frenzied token sale. The project priced 125 billion PUMP tokens at $0.004 each, implying a staggering $4 billion fully diluted valuation. The public offering—representing 12.5% of the total supply—was exhausted in just 12 minutes, following an earlier 18% private allocation.

Token distribution will occur over 48-72 hours, during which PUMP remains non-transferable. The team has published the official solana contract address while warning investors against counterfeit tokens. Pump.fun's model enables instant token creation and listing, with successful projects graduating to decentralized exchanges.

Despite the launch hype, platform metrics reveal concerning trends. Monthly volume plummeted from $11.6 billion in January to $3.65 billion last month, with revenue dropping from $133 million to $34 million. The recently launched PumpSwap DEX has partially offset declines, generating $14.3 billion in May volume and $10 billion in June.

Pump.Fun Token Sells Out in 12 Minutes as Whales Dominate Solana Launchpad

The Pump.Fun token presale concluded in a record-breaking 12 minutes, with 12.5% of the 1 trillion PUMP supply sold at $0.004 per token. The Solana-based launchpad attracted significant whale activity, including a notable participant who previously turned $1.19 million into $438 million on TRUMP meme coin trades.

Post-sale, the token surged 40% despite being initially non-transferable. Distribution restrictions excluded US and UK participants, yet demand overwhelmed capacity. Blockchain analytics revealed seven-figure investments from crypto whales during the presale window.

The project team confirmed completion of the sale via X (formerly Twitter), noting tokens will remain locked until distribution concludes. Market response appears bullish, with early indicators showing positive price action for the Solana ecosystem token.

Upexi Announces $200 Million Solana Treasury Injection

Upexi, a consumer products firm diversifying into crypto, revealed plans to raise $200 million for its Solana treasury. The funding comprises a $150 million convertible note led by BigBrainVC and a $50 million private equity placement. Net proceeds will be used to purchase additional SOL tokens.

The convertible notes will be collateralized by locked, spot SOL provided by investors, featuring a two-year maturity and 2% quarterly interest. Upexi previously allocated 95% of a $100 million April raise to establish its Solana-based treasury reserve. Shares surged 335% following the announcement, peaking at a yearly high.

Solana Forms Textbook Cup And Handle Pattern – Massive Breakout Ahead?

Solana trades at critical levels as bulls build momentum near the $155–$160 resistance zone. Broader crypto market strength hints at a sustained rally, though global risks persist amid unresolved US-China trade tensions.

Technical indicators tilt bullish, with analyst Ali Martinez identifying a textbook cup-and-handle pattern—a classic setup preceding major breakouts. The formation, if validated, could signal significant upside for SOL.

Solstice Labs Announces USX Stablecoin Launch on Solana with $100M Committed TVL

Solstice Labs, backed by Deus X Capital, is set to launch USX—a Solana-native stablecoin designed for transparent yield generation. The synthetic stablecoin will debut this summer alongside a yield protocol boasting over $100 million in committed total value locked (TVL).

USX offers permissionless access to delta-neutral trading strategies, delivering institutional-grade returns to both retail and professional investors. Built for performance on Solana, the stablecoin aims to maintain its peg through automated mechanisms while providing sustainable yield opportunities.

Loopscale Hackers Agree to Return Stolen $5.8 Million in SOL for 10% Bounty

Loopscale, a cryptocurrency exchange, has struck a deal with cybercriminals responsible for a $5.8 million hack. The attackers will return 90% of the stolen funds—approximately 35,527 SOL—while keeping 10% as a bounty. The breach, which occurred on April 26, underscores persistent security vulnerabilities in the digital asset space.

Negotiations concluded on April 28, with the hackers retaining 3,947 SOL. The resolution highlights the growing trend of white-hat incentives in crypto theft cases, though questions linger about the ethics of rewarding malicious actors.

Loopscale Exploiter Agrees to Return Stolen Funds in $5.8M Hack

Loopscale's pricing system was exploited on April 26, resulting in a loss of $5.7 million worth of USDC and 1,200 SOL from its vaults. The hacker manipulated the platform's RateX PT token price, which accounted for 12% of total funds, severely impacting depositors.

After offering a grace period until April 28, Loopscale secured an agreement with the exploiter to return the stolen assets in exchange for a bounty. The platform acknowledged a vulnerability in its pricing structure and proposed a whitehat resolution.

Solana's Resilience Tested Amid Market Recovery

Solana (SOL) has staged a notable recovery in recent days, climbing back from sub-$100 levels during the broader cryptocurrency market downturn. The asset posted gains of 2.2% daily, 7.6% weekly, and 19.7% monthly, demonstrating its characteristic volatility.

Since plummeting below $10 following FTX's collapse in 2022, SOL has repeatedly defied expectations, notching multiple all-time highs. Its most recent peak occurred on January 19, 2024, before the Trump tariff announcements triggered sector-wide declines.

The current rebound aligns with improving market sentiment across digital assets. Solana's ability to weather extreme volatility continues to solidify its position as one of crypto's most resilient protocols.

dTelecom Launches Decentralized Communication Platform on Solana

Dubai-based dTelecom has officially launched its decentralized real-time communication (dRTC) platform on the Solana blockchain. The open-source network aims to transform audio, video, and chat services through blockchain-powered infrastructure with AI integration.

The permissionless system enables developers to build real-time interactions between users and large language models while maintaining data ownership. Node operators can earn rewards by contributing bandwidth to the high-frequency network, which processes state updates multiple times per second.

Will SOL Price Hit 200?

William from BTCC believes SOL has a strong chance to test $200 given the current technical setup and positive news flow. Key levels to watch:

News like Solana's ecosystem growth and whale activity could provide additional catalysts.