Solana’s Bullish Rebound: Key Support at $155 Sparks Renewed Investor Confidence

Solana has demonstrated a strong bullish rebound after finding critical support near the $155 mark, a level where a long-term ascending trendline intersects with the Fibonacci golden retracement zone. This key support confluence has attracted significant accumulation from both retail and institutional investors, signaling renewed confidence in the asset. Technical indicators, including the Stochastic RSI's oversold condition aligning with price recovery, suggest further upside potential for Solana. As of August 2025, the cryptocurrency appears poised for continued growth, leveraging its robust technical foundations and increasing market traction.

Solana Gains Traction Following Key Support Bounce Near $155

Solana shows renewed bullish momentum after rebounding from a critical support confluence around $155. The zone—where a long-term ascending trendline intersects the Fibonacci golden retracement area—has triggered accumulation from both retail and institutional investors.

Technical indicators suggest further upside potential. The Stochastic RSI's oversold reading coincides with price action reclaiming higher levels, a classic reversal signal. Market participants now eye the $206 resistance level as the next logical target.

On-chain data reveals whales are accumulating SOL positions through futures markets. This institutional interest, combined with retail FOMO, creates a potent bullish cocktail. The asset's ability to hold above the golden Fibonacci zone (0.618-0.7) reinforces its status as a market leader in this cycle.

Solana Price Prediction: SOL Eyes $260 as Cup-and-Handle Breakout Setup Gains Strength

Solana is testing a critical resistance level at $185, with analysts eyeing a potential breakout toward $260. A multi-year cup-and-handle pattern suggests accumulating bullish momentum, echoing 2021's structural setup. The $185 zone has historically been a pivot point for major rallies.

Technical analyst Chris notes the pattern's symmetry and steady progression, indicating controlled buyer accumulation. A decisive close above $260 on high volume could confirm a macro uptrend. SOL has gained 18% weekly, with short-term traders now focused on the $185 battleground.

GMX Targets $20.23 as Volume Surges Over 2,000%

GMX has launched its first real-world asset perpetual contract, SPY/USD, marking a significant step in bridging decentralized and traditional finance. The contract tracks the S&P 500 ETF, leveraging Chainlink's price feeds for accuracy and Chaos Labs' risk parameters for stability.

Trading volume for GMX derivatives has skyrocketed, with open interest jumping 130.74%, reflecting strong market optimism. The platform's technical upgrade to version 0.7.0, including full Rust SDK support, aims to streamline developer integrations and expand third-party tools.

Price targets for GMX have been set at $20.23, supported by bullish momentum and rising derivatives activity. This MOVE signals GMX's strategic push to diversify its product offerings and attract new users.

Solana Meme Coin Boom: Pump.fun Injects $1.69M Into Tokens, Market Surges

Pump.fun has launched the Glass Full Foundation, a non-profit entity aimed at bolstering the solana meme coin ecosystem. Announced on August 7, the foundation will focus on high-potential projects, injecting liquidity to foster long-term growth. This follows Pump.fun's recent funding round, which raised significant capital, now being reinvested into the ecosystem.

The market reacted swiftly, with select Solana meme coins surging in value. On-chain data reveals immediate liquidity deployments, signaling strong institutional confidence in the sector.