SOL Price Prediction: Can Solana Sustain Its Rally Toward $200?

#SOL

• Technical Breakout Potential: SOL testing upper Bollinger Band with strong MA support
• Ecosystem Momentum: $1T DEX volume demonstrates network scalability
• Sentiment Risks: Developer scandal creates short-term volatility

SOL Price Prediction

SOL Technical Analysis: Bullish Signals Emerge as Price Tests Key Levels

SOL is currently trading at $176.72, comfortably above its 20-day moving average of $159.49, signaling bullish momentum. The MACD histogram remains negative (-3.4662) but shows narrowing bearish divergence as the faster line (-11.9456) converges toward the signal line (-8.4794). Price is testing the upper Bollinger Band at $179.25, with the middle band at $159.49 acting as strong support.

"The technical setup suggests accumulation phase completion," says BTCC analyst Sophia. "A sustained break above $179.25 could trigger momentum buying toward our $200 target, while the 20-DMA provides robust downside protection."

Solana Ecosystem Developments Fuel Optimism for $200 Breakout

Solana's landmark $1 trillion DEX volume milestone is creating positive sentiment, though mixed news flows warrant caution. The Pump.fun ICO aftermath shows speculative volatility, while LetsBONK's meme coin traction demonstrates the network's vibrant developer activity.

"Fundamentals support the technical outlook," notes BTCC's Sophia. "The DEX volume record confirms Solana's scaling capabilities, but traders should monitor how the ecosystem absorbs the Pump.fun developer scandal's impact on investor confidence."

Factors Influencing SOL's Price

Solana's $1 Trillion DEX Volume Fuels Rally Prospects Toward $200

Solana's decentralized exchange volume has eclipsed $1 trillion in 2025, marking a 234% surge in perpetual futures trading and attracting heavy whale accumulation. The network's resurgence defies earlier bearish projections, with on-chain metrics suggesting institutional players are positioning for upside.

Order book data reveals aggressive accumulation at current price levels, contradicting narratives of ecosystem instability. Market structure now mirrors historical precedents where sustained whale buying preceded major price breakthroughs.

The $200 psychological barrier appears increasingly vulnerable as Leveraged traders re-enter the ecosystem. Solana's revival showcases blockchain networks' capacity for rapid rehabilitation when fundamental usage metrics accelerate.

Pump.fun Token Dips 22% Post-ICO as LetsBONK Gains Traction in Meme Coin Race

Pump.fun's native token, PUMP, has slumped over 22% since its initial coin offering, now trading NEAR its debut price of $0.004. The project raised $600 million in just 12 minutes during its ICO, achieving a fully diluted valuation of $4 billion.

Competition in the meme coin space is intensifying. LetsBONK, a rival platform built around the BONK ecosystem, has surpassed Pump.fun in daily meme coin creation volume. This shift comes amid a broader slowdown in token minting activity across the solana blockchain.

Pump.fun plans to counter the downturn with utility upgrades, including token buybacks and a "community takeover" feature designed to reignite user engagement. The platform had previously been a driving force in Solana's meme coin resurgence earlier this year.

Ex-Pump.fun Developer Jailed in London for $2M Theft and Bail Breach

Former Pump.fun senior developer Jarett Dunn is currently detained in a London prison after violating bail conditions while awaiting trial for allegedly stealing $2 million from the crypto launchpad in May 2024. The Canadian national, who initially pleaded guilty to fraud charges, now seeks to retract his plea and faces a minimum seven-year sentence.

The theft occurred during Dunn's brief tenure at Pump.fun, where he exploited private key access to divert SOL tokens intended for Raydium decentralized exchange to unrelated wallets. Ironically, his former employer has since flourished, completing a $600 million initial coin offering and generating over $770 million in lifetime revenue.

Dunn's case highlights the persistent security challenges in decentralized finance, even as platforms like Pump.fun demonstrate the sector's explosive growth potential. The incident underscores the critical importance of robust access controls for developers handling sensitive financial infrastructure.

Will SOL Price Hit 200?

Technical and fundamental factors align for a potential $200 test:

"We see 65% probability of hitting $200 if SOL sustains above $180 for three consecutive days," says BTCC's Sophia. "The key risk is if MACD fails to cross into positive territory this week."

The $200 target appears achievable within Q3 2025 given current momentum, though traders should watch for closing breaks above $179.25 confirmation.