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

If buyers reclaim $165 on a daily close, the next upside target lies at $179, which aligns with the upper Donchian channel. The RSI hovers near 63, leaving room for another leg up before conditions turn overheated.

Volume remains neutral, indicating consolidation rather than capitulation. A breakdown below $153 would invalidate this bullish setup and expose SOL to potential retracement towards the $144 support. For now, consolidation above $160 suggests bulls are preparing for another breakout attempt.

Solaxy Presale Gains Traction as Solana Ecosystem Heats Up

As Solana projects like Pump.Fun dominate market headlines, infrastructure plays are seeing renewed attention. Now live in presale, Solaxy ($SOLX), Solanas first Layer-2 chain, Solaxy aims to power the next generation of Solana-native applications, from DeFi to meme tokens.

Solaxy Presale

With staking rewards up to 71%, early SOLX buyers gain high-yield exposure to one of 2025s most anticipated launches. As SOL attempts to clear $165, capital rotating into Solana ecosystem infrastructure could accelerate. The Solaxy token contract is live, and staking has already begun, visit the official Solaxy website to join.