SOL Price Analysis: Solana Stalls at $165 During Pump.Fun $5.6B Launch

SOL Price Analysis: Solana Stalls at $165 During Pump.Fun $5.6B Launch
SOL Price Analysis: Solana Stalls at $165 During Pump.Fun $5.6B Launch

Main notes

  • Sol only returned by 9.2 % of the weekly gains, while Major Altcoins published an escape from two numbers, highlighting the great performance during the market gathering.
  • The ICO pump raised $ 500 million, but it caused the exchanges of exchanges on Kraken and Bybit, which may turn liquidity away from Solana itself.
  • Technical analysis shows that Sol is still surrounded by less than $ 165, as bulls target $ 179 if they can restore this main level on a strong size.

Solana

Teller
164.1 dollars



24 hours fluctuation:
0.6 %


The maximum market:
$ 88.00 b



Folder. 24h:
14.43 dollars b

The price was traded sideways near $ 163 on Monday, July 14, when it stopped resisting $ 165 despite the positive feelings inside the broader Altcoin markets.

While bitcoin

BTC
$ 120 047



24 hours fluctuation:
0.9 %


The maximum market:
2.39 dollars R.



Folder. 24h:
$ 67.78 b

Hit its highest levels ever and exceeded an escape from two numbers across Altcoins such as ethereum

Eth
$ 3 008



24 hours fluctuation:
0.3 %


The maximum market:
$ 363.10 b



Folder. 24h:
40.12 dollars b

Ripple

Xrp
$ 2.95



24 hours fluctuation:
3.1 %


The maximum market:
174.47 dollars b



Folder. 24h:
$ 10.83 b

And sui

but
$ 3.85



24 hours fluctuation:
9.6 %


The maximum market:
13.29 dollars b



Folder. 24h:
$ 1.00 b

With each climbing more than $ 3,000, $ 3, and 4 dollars, respectively, Solana returned to only 9.2 % during the past week.


It is worth noting that this weak performance comes even with the emergence of feelings surrounding the Solana ecosystem.

The slowdown in the Sol price momentum coincided with the outstanding symbol of the Pump.fun, which is a Memecoin generator based on Solana.

After collecting $ 500 million during the ICO at the weekend via Major CEXS, POMP was run to trading on July 14 with a fully diluted rating of $ 5.6 billion, and opened at $ 0.0056 and reached its climax for a short period at 0.0065 dollars.

However, the demand for many platforms overwhelmed. Kaken and Bybit faced a severe user’s violent reaction due to artistic failures during government representation. Both exchanges pledged to compensate, Kraken through secondary market purchases and bybit through fees.

This chaotic offer may have diverted liquidity and attention from Sol itself. First, investors may have rotated the capital to the pump, which inhibits the demand for the near -term.

Second, it is possible that the controversy surrounding the stock exchange weakens the investor’s confidence, especially with the famous Solana history of the interruption of expensive networks during the peak market activity periods in recent years.

Against the background of this background, Sol may remain less than $ 170 in the short term until the uncertainty surrounding the pump is wiped.

Predicting at the price of Solana: Bulls Eye $ 179 and maintains the main resistance

Solana’s price remains trapped without the roof of $ 165 despite the wider altcoin gathering. The graph shows that Sol tested the resistance of $ 170 twice in 48 hours, but it failed to break a higher fracture, indicating the presence of a strong seller at this level. However, price action continues to be taken over the red support area at $ 153, which now works as a bullish axis.

Prediction at the price of Solana Solusdt

If the buyers recovered $ 165 on a daily closure, the next upward goal lies in $ 179, which is compatible with the top channel. RSI hovers near 63, leaving another leg space before conditions turn to a high temperature.

The size remains neutral, which indicates monotheism rather than surrender. The collapse of less than $ 153 will nullify this upward preparation and expose Sol for a possible decline to support $ 144. Currently, monotheism above $ 160 indicates that the bulls are preparing to try another collapse.

Solaxy Pressale acquires traction with a high temperature

Since Solana projects such as Pump.fun dominate market addresses, infrastructure plays are witnessing renewed interest. We now live in Pressale, Solaxy ($ Solx), Solana Series First Layer 2, aims to run the next generation of Solana cruciate growth applications, from Defi to Meme Tokens.

Solaxy Presale

Solaxy Presale

With Staking bonuses up to 71 %, early SOLX buyers get high exposure to one of the most expected launch operations in 2025. SOL tries to scan $ 165, the capital that is ranging in the Solana Ecological Infrastructure can accelerate. Distinguished Solaxy Live Code, and has already started, visit the official Solaxy website to join.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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Abraham class

Ibrahim Ajibad is an experienced research analyst and has a background in supporting the various startups and financial organizations in Web3. He obtained his university degree in the economy while he is currently studying for a master’s degree in Blockchain and distributing a professor’s notebook techniques at Malta University.

Irahiah ajibade on connection.

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