- Solana holds firm above $150 with bullish consolidation pointing to a breakout toward $200.
- On-chain data shows DEX volumes surpassing $500B, boosting Solana’s price momentum.
- Institutional interest grows as Grayscale’s Solana Trust sees a 10% rise in assets under management.
Solana (SOL) continues to show resilience as it holds above the $150 mark amid a broader crypto market uptrend. As bullish consolidation patterns appear to develop and institutional activity grows, analysts advise that SOL could be getting ready for a push to the $200level in the near term.
Bullish Patterns Point Toward $180–$200 Range
According to an analysis prepared by crypto analyst Ameba on X, SOL has been consolidating for weeks, with liquidity building between $180 and $190. The current structure shows strength above $141, with the altcoin maintaining support around $152.
Ameba noted that there is “not much more to do unless we lose mid-range,” suggesting a potential breakout if the structure holds. The ascending parallel channel on the daily chart has kept price movements controlled. Volume bars indicate increased buying interest around $141.
Technical indicators such as the Relative Strength Index (RSI) remain in a bullish zone, suggesting growing momentum. A move to $180 would align with past price reactions from this level, and breaking above the $218 PoC could open the path to $200.
Network Activity and Institutional Flows Support Price Strength
Solana’s growing transaction volumes and DEX activity have played a role in its recent strength. According to data from DeFiLlama, DEX volumes on Solana surpassed $500 billion in 2025, far outpacing other layer-one chains. Much of this is attributed to rising meme coin interest on the network.CoinGecko data shows that SOL’s trading volume rose by 45% to $3.2 billion on May 8. Meanwhile, Solana’s long/short ratio hit a monthly high of 1.05, per Coinglass, reflecting bullish sentiment. Grayscale’s Solana Trust also reported a 10% rise in assets under management. These metrics collectively support the potential for a rally toward $200.
