What’s Next for Solana Price As Charts Show Bearish Signs, $165 or $200?

ibrahim
Updated
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Solana Price Targets $300 As SOL Outperforms All Networks With $50M Weekly dApp Revenue

Highlights

  • Solana price broke above $180 as Pump.fun’s model attracted traders and creators with SOL-based revenue rewards.
  • Open interest in Solana derivatives jumped 8.43%, signalling capital inflows and bullish positioning.
  • SOL holds above key Keltner Channel support, targeting $190–$195 if momentum sustains and broader sentiment remains risk-on.

SOL price broke above $180 as Pump.fun’s new revenue-sharing model renewed bullish momentum and creator-driven trading activity. But, 4 hrs chart analysis shows bearish divergence forming in the $180-$185 range. Where will SOL head next?

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Solana (SOL) Breached $180 amid Pump.fun Revenue Sharing Update

Solana climbed to $183.61 Tuesday, gaining 5.8% as Pump.fun announced its new 50% revenue sharing initiative for coin creators. The platform will now distribute 0.05% in SOL per trade to eligible creators, a move poised to drive adoption and incentivize continuous token launches. The model includes all coins actively trading, newly created, or those graduated to PumpSwap.

Solana price action, May 13, 2025 | Source: Coingecko
Solana price action, May 13, 2025 | Source: Coingecko

Market participants responded swiftly. The announcement, which garnered over 1.7 million views, reaffirmed Solana’s role in the creator economy and drew a fresh wave of speculative and builder-driven interest.

Solana price looks set for more upside action in the coming days as rising engagement from meme-fueled platforms like Pump.fun could further reinforce the network’s appeal during cycles of memecoin-led rallies.

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Bearish Divergence On Charts Show Worrying Signs

As per latest analysis, SOLUSD charts show a clear bearish pattern appearing which indicates short term worrying signs for traders. The high time frame bullish fundamentals remain intact but we may be seeing buyer exhaustion here as sellers take driving seat in the low time frames.

The longs may need to deleverage here a bit, as it looks a good price range for profit booking. The next support is at $165 which seems likely to be retested.

What's next, SOL Price $165 Or $200?
What’s next, SOL Price $165 Or $200?
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Derivatives Data Validates Bullish Thesis as Traders Load Longs

Coinglass derivatives trading data show increased capital inflows within Solana markets.  On Tuesday, SOL Open interest jumped 8.43% to $7.40 billion, showing new capital entering the market.

Although trading volume declined 18.26% to $16.13 billion, the rise in open interest suggests sustained positioning rather than short-term exits. Options markets also show a mild rebound in positioning, with open interest up 5.01% to $13.13 million despite a 4.16% drop in options volume.

Solana Derivatives Market Analysis, May 13, 2025 | Source: Coinglass
Solana Derivatives Market Analysis, May 13, 2025 | Source: Coinglass

Long/short positioning tilts clearly bullish. On Binance, the top trader long/short ratio stands at 2.31, and OKX accounts show a ratio of 1.65, both indicating leveraged bets favoring upside.

This directional bias is further supported by liquidation data: in the last 24 hours, $19.46 million in positions were wiped out, with $14.44 million from shorts, and just over $5 million long positions closed.

Combined with Pump.fun’s incentive alignment, the derivatives setup adds technical weight to the argument for a near-term continuation on the ongoing Solana price rally toward $190 to $195.

Solana Price Daily Forecast: Next Target $190–$195 Range

Solana (SOL) is trading at $183.07, holding firm above the $179.11 midline of the Keltner Channel (KC), signaling a continuation of bullish structure. The higher time frame technical analysis is also supported by the fundamental growth as Solana network recently recorded highest weekly dApp revenue.

The daily candle structure shows consistent closes above the KC basis line, reinforcing strength in the current uptrend. Notably, SOL is also trending near the KC upper band, suggesting that a breakout attempt toward the $190–$195 range remains technically valid in the near term.

The presence of wide-bodied bullish candles since May 9, supported by increasing volume, highlights renewed buyer conviction. The Parabolic SAR at $154.80 remains well below the current price, indicating trend strength is intact and that any near-term downside pressure would likely be corrective rather than structural.

Solana Price Forecast Today
Solana Price Forecast Today

Importantly, the Bollinger Band %B (BBP) indicator at 32.89 shows SOL remains in the upper half of its volatility band, a common feature of sustained rallies. This echoes the technical setup seen in the Bitcoin price forecast today, where BTC too is trading above key bullish trend markers.

While a brief pause near $183.75 resistance could lead to short-term consolidation, the rising volume profile and broadening volatility range support the likelihood of a continuation move.

Should SOL price close decisively above the KC upper band, momentum could accelerate toward the $195 mark.

On the flip side, failure to maintain above $179, however, may open the door to a retest of the KC midline and potentially the 20-day SMA region near $160.47.

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Frequently Asked Questions (FAQs)

1. What is driving the recent surge in Solana's price above $180?

The price surge is largely driven by Pump.fun’s new 50% revenue-sharing model for coin creators, boosting demand and speculative interest.

2. How does the Pump.fun revenue-sharing model benefit creators?

Eligible creators now earn 0.05% in SOL per trade on their coins, incentivizing new launches and sustained engagement on the platform.

3. Is Solana's current bullish trend sustainable?

Yes, technical indicators and rising open interest in derivatives markets suggest continued upward momentum, with targets between $190 and $195.
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.