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The Solana price has jumped 2% in the last 24 hours to trade at $177 as of 3:25 a.m. EST on an 8% increase in trading volume to $3.27 billion
The recent jump in the SOL price comes after Circle minted another $250 million worth of USDC on the Solana blockchain, bringing the total to $1.5 billion this month.
🔥 TODAY: Circle has minted another $250M $USDC on Solana, bringing their total minted to $1.5B within this month. pic.twitter.com/HyFgUpMw9t
— Cointelegraph (@Cointelegraph) May 26, 2025
This large injection of liquidity is giving a strong boost to Solana’s ecosystem and pushing prices higher.
Solana Price Surges As Technicals Signal Bullish Breakout
The SOL/USDT trading pair has broken out of a long period of sideways movement and consolidation. After falling from a high earlier this year, the price found support around the $100–$120 zone. It then formed a rounded bottom pattern, signaling a potential reversal.
The price broke above a key resistance at $160, showing strong bullish momentum. Before this breakout, SOL had moved within a bearish channel after peaking around $210.
That downtrend has now shifted, with the price making higher lows and breaking out of the bearish structure. A key order block around $150 provided strong support, helping the price move up with confidence.
Now trading around $177, SOL is approaching a buy-side liquidity zone near $200. If it breaks above this level, the next target could be between $240 and $260.
SOLUSDT Analysis Source: Tradingview
The RSI (Relative Strength Index) is around 61, showing that the price has momentum but isn’t overbought yet, suggesting there could still be room to climb. If the RSI climbs above 70 while the price continues to rally, traders may start watching for divergence or consolidation, but for now, the setup remains favorable.
In addition to bullish technicals, Solana’s broader ecosystem continues to grow, with the recent USDC inflow likely to improve liquidity for DeFi platforms and decentralized exchanges operating on the network. This confluence of strong fundamentals, technical strength, and macro liquidity injection may be setting the stage for SOL’s next major leg up.
If bulls maintain control above $180, the next key level to watch is around $240, where significant resistance and historical liquidity exist. A clean break above that could open the door to testing the $300 level seen in the coming weeks.
Solaxy Presale Heads For $41M – 21 Days Left
As the Solana price picks up momentum, investors are also piling into Solaxy (SOLX), a Solana Layer-2 whose soon-to-end presale just smashed past $40.4 million.
Solaxy is Solana’s first Layer-2 solution, and is designed to keep the blockchain running smoothly by tackling congestion issues, which can see up to 50% of transactions fumbled on busy days.
By using rollup technology, such as that used by Arbitrum or Optimism, Solaxy processes transactions off-chain, bundles them, and settles them on Solana’s mainnet, keeping things fast and cheap.
It’s like giving Solana a turbo boost, ensuring no slowdowns when the network’s facing overload.
What's on the menu today? 🤔
Juicy Staking Rewards that's what! 🔥 🤑https://t.co/mdaTX9ao5Z pic.twitter.com/xPiSA6lys7
— SOLAXY (@SOLAXYTOKEN) May 25, 2025
Solaxy is ramping up its ecosystem with the upcoming launch of the Igniter Protocol, a no-code token launchpad designed to empower SOLX holders to create their own meme coins or utility tokens. The move aims to accelerate the development of a decentralized economy on the Solaxy platform.
In addition, a cross-chain bridge to Ethereum is currently in development, promising to combine Solana’s transaction speed with Ethereum’s deep liquidity. This integration is expected to unlock new possibilities for decentralized applications across gaming, NFTs, and more.
The project has also caught the attention of major influencers. Crypto YouTube channel 99Bitcoins, which has over 723k subscribers, predicts that SOLX could surge up to 10X after its official launch.
The Solaxy team has made substantial progress, launching the project’s testnet and its own block explorer. They also recently rolled out the Solaxy Bridge on the testnet, giving Web3 users a chance to test the token bridging functionality.
Those updates are bringing Solaxy closer to its bold goal of reaching 10,000 transactions per second on the mainnet.
Investors can now buy SOLX using BNB, ETH, USDT, or even a bank card directly from the Solaxy website. Once purchased, tokens can be staked for a generous 99% annual return as well.
Currently, SOLX is priced at just $0.001736, with the presale ending in about 21 days. Early buyers still have a chance to be part of one of the year’s top-performing presales.
Visit the Solaxy website to learn more.
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