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Solana price prediction: SOL targets breakout above $200

  • Solana price is above $190, with intraday highs of $192 as bulls target the psychological $200 level.
  • Analysts say SOL could explode above the $190 level amid current altcoin gains.
  • Institutional interest in Solana continues amid investment product inflows.

Solana (SOL) is trading above $190 on Monday, breaking higher to hit its highest level since February.

This comes as SOL gained over 14% this past week and by more than 34% in the past month, buoyed by a rally for altcoins after the GENIUS Act became law.

With on-chain activity and technical indicators bullish, analysts say a breakout above $190 could see Solana rally hard. Other altcoins, including Ethereum, XRP, and Cardano, are also bullish.

Solana price breaches key resistance level

Solana has recently ticked higher amid an upward trend that excites bulls, with analysts noting it’s poised for a potential parabolic move if it breaks above a critical resistance level.

According to an analysis by Glassnode, the next major resistance for SOL is around $190, where investors have accumulated over 8 million Solana tokens.

Although this accumulation zone represents a significant hurdle, bulls are currently retesting it.

Buyers have in the past 24 hours gained nearly 7% to breach the supply barrier and reach intraday highs of $191.79.

Furthermore, Glassnode suggests breaking above this level could be key as the supply becomes less dense.

As a thinning supply zone sits above $190, the $200 price level could be on the cards.

SOL price forecast

As noted, market forecasts for Solana are increasingly optimistic, with a confluence of technical and on-chain factors in favour.

Liquidations have jumped as shorts feel the heat, accounting for over $12 million of the $16 million wiped out in the past 24 hours.

Notably, market observers say that high market activity has often seen SOL liquidations explode on Solana-based perpetual trading platforms.

This surge in on-chain liquidations underscores the intense trading volume and speculative interest in SOL, particularly on decentralized platforms leveraging Solana’s high-speed blockchain.

Crypto analyst Ali Martinez says a break above $189 for SOL leaves nearly no major hurdle for bulls.

Solana’s total value locked (TVL) amid a massive spike in decentralized finance (DeFi) adoption adds to the bullish sentiment for SOL.

Solana-based digital asset products exchange-traded products have also been on an upward trend in terms of inflows.

The ETPs, including exchange-traded funds (ETFs), managed over $39.1 million in inflows for the past week.

While it lagged Bitcoin’s $2.19 billion in weekly inflows, the number is a reflection of growing adoption for SOL.

DeFi TVL on Solana has in fact jumped to $10.2 billion, hitting the milestone for the first time in nearly two years.

The SOL price appreciation has helped push the TVL up, with Jito Sol up to $3.09 billion, Jupiter Exchange to $2.9 billion and Kamino Finance to $2.89 billion.

The post Solana price prediction: SOL targets breakout above $200 appeared first on CoinJournal.

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Early PUMP investors dump 25.5 billion tokens, pocketing nearly $40 million in profit

  • Two wallets offloaded PUMP worth $141M the previous week.
  • The sales yielded around $39.65 million in profit.
  • The transactions (made to FalconX and CEXs) have raised concerns over Pump.fun’s token distribution.

As the GENIUS Act fuels the altcoin season narrative, a bold move involving the recently launched PUMP coin has raised eyebrows within the cryptocurrency community.

According to EmberCN’s July 21 X post, two wallets that participated in Pump.fun’s private placement have offloaded 25.5 billion PUMP tokens, worth approximately $141 million.

The transaction saw the investors netting combined $39.65 million profits within a week.

The speed and magnitude of these transfers have stirred widespread debates among crypto enthusiasts, with many questioning Pump.fun’s token distribution structure and the altcoin’s long-term price stability.

Key investors exit PUMP

The first wallet D6ar…Lazd secured 25 billion PUMP coins after joining the institutional round with $100 million USDC.

Notably, this private placement mirrored a public sale as it lacked a lock-up period with the same buying price.

That’s unusual for institutional investors.

While the market rallied over the last week, driven by regulatory changes in the United States, this wallet sent 13 billion tokens, worth approximately $71.46 million, to a trading and liquidity platform FalconX.

Meanwhile, the assets later moved into multiple central exchanges (CEXs).

The investor dumped at around $0.0055 average price, accumulating $19.5 million returns in less than a week.

The second wallet walked away with around $20.15 million with a similar approach.

It received 12.5 billion tokens after committing $50 million USDC to the private sale.

Meanwhile, the whale moved all the tokens to CEXs, locking in returns at $0.0056 average price per PUMP coin.

Maximum liquidity without lock-up

The most noticeable thing is that these private round participants didn’t have lock-up terms.

Generally, institutional crypto purchases include vesting periods to ensure stability and discourage sudden dumps.

In Pump.fun’s saga, large-scale investors were free to offload immediately, giving them an edge over retail players who joined later.

Further, the community criticized for creating an irregular playing ground with equal pricing between private and public offerings.

PUMP momentum threatened

The altcoin has remained on investor radar since its July 12 public sale, which sold off within twelve minutes.

While it demonstrates strength despite early backlash, the substantial dump from early participants darkens PUMP’s short-term outlook.

The substantial sell-offs will likely impact liquidity, investor confidence, and price actions in the upcoming sessions.

The derivatives markets data signal a weakening strength according to Coinglass.

PUMP’s trading volume has plunged 10% to $1.11 billion, whereas a 7% dip in Open Interest indicates fading trader optimism.

Moreover, the Pump.fun team hasn’t commented on the significant transactions or the project’s private placement structure.

The lack of transparency could dent PUMP’s sentiments further.

Enthusiasts will watch how the altcoin reacts to the latest on-chain developments.

Nonetheless, broad market sentiments remain vital in shaping the altcoin’s trajectory.

Bulls dominate the digital assets, and with Bitcoin’s declining dominance hinting at an impending altcoins season, massive rallies could absorb PUMP’s anticipated selling pressure.

The post Early PUMP investors dump 25.5 billion tokens, pocketing nearly $40 million in profit appeared first on CoinJournal.

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Ethereum price forecast as ETH dominance jumps to 11.5%

  • Ethereum price is near $3,800 amid fresh upside momentum.
  • Arthur Hayes targets $5k as QCP analysts point to ETH dominance jumping to 11.5%.
  • The broader altcoin market is largely bullish as Bitcoin consolidates after hitting a new all-time high.

Ethereum (ETH) has emerged as one of the altcoins to gain massive attention after surging from below $2,500 to $3,800 and now targeting the $4k level.

Amid price forecasts that see ETH bulls target further gains, Arthur Hayes, former BitMEX CEO, has wondered whether buyers can push to $5k this week.

Analysts at QCP are also bullish on Ethereum as the altcoin’s dominance jumps to above 11% as Bitcoin’s market share drops to 60%.

Ethereum price rises as bulls target more gains

As of writing, Ethereum price hovers around $3,773, slightly off intraday highs of $3,819 reached earlier in the day.

The price level puts Ethereum on track to break above $4,000 amid its latest strong uptrend. According to market data, ETH’s current price is up just 2% in the last 24 hours.

However, the top altcoin’s price is up 24% in the past week and more than 58% in the past month.

Lookonchain has shared data showing ETH whales have aggressively accumulated in the past week, with over $2.7 billion in Ethereum scooped.

Arthur Hayes noted:

ETH price prediction

The Ethereum price is in bullish momentum and has strengthened recovery for most coins, with the Ethereum price gaining amid a surge in its market dominance.

QCP analysts have identified this outlook for ETH and shared their optimistic predictions for the altcoin via X.

Notably, Ethereum is recording a surge in market share dominance as Bitcoin’s dominance slips from highs of 64% to 60%. Ethereum has climbed from 9.7% to 11.6%.

“Is altcoin season finally here? Altcoin season indexes have surged past 50 across major sources, the highest since December. $ETH perpetual open interest has spiked from under $18B to over $28B in a week, and this time it looks like institutions are leading the charge, not retail,” QCP posted.

Per their insights, the GENIUS Act and its signing into law on July 18, 2025, could be a “major catalyst.”

On the bill, the analysts noted:

“It introduces a clear regulatory framework for stablecoin issuance, spurring renewed interest in $ETH and other L1s that host stablecoins.”

In this case, many corporate treasuries are looking to tap into the opportunity with purchases of Ethereum, Solana, XRP, and Cardano. Profits from Bitcoin are going into Ethereum and other altcoins.

The rotation could accelerate Ethereum’s gains, particularly if the US Securities and Exchange Commission approves staked ETH exchange-traded funds.

According to QCP, the market has seen spot ETH ETF inflows outpace Bitcoin’s for two consecutive days. 

The combination of institutional inflows, regulatory clarity, and technical strength positions ETH for a significant breakout.

The post Ethereum price forecast as ETH dominance jumps to 11.5% appeared first on CoinJournal.