Whats Next for Solana Price As Charts Show Bearish Signs, $165 or $200?

Market participants responded swiftly. The announcement, which garnered over 1.7 million views, reaffirmed Solanas 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 networks appeal during cycles of memecoin-led rallies.

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.

Whats next, SOL Price $165 Or $200？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

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.funs 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

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.