Solana price continued rising on Monday, reaching its highest point since December 12. SOL token rose to a high of $135 on Monday, up by over 15% from its lowest point this year. So, will the token rebound like Solana meme coins?
Solana Price Rises as SOL Meme Coins Surge
The main reason why the Solana price is soaring is that sentiment in the crypto industry has improved in the past few days. Indeed, the popular Crypto Fear and Greed Index has jumped from the extreme fear zone of 8 in 2025 to the current 41.
The surge has also coincided with the ongoing rebound of Solana meme coins. Data show that the market capitalization of these meme coins rose 15.7% over the last 24 hours to over $6.69 billion, while their 24-hour volume rose to over $3 billion.
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Official Trump and Bonk tokens jumped, reaching a market capitalization of over $1 billion. Other top Solana meme coins like Pudgy Penguins, Pippin, Dogwifhat, and Fartcoin have jumped by double digits in the past few days.
Data compiled by DeFi Llama shows that Solana has continued to benefit from this surge. For example, the volume handled by Solana DEX networks jumped to over $102 billion in the last 30 days. Its volume was much higher than Ethereum and BSC combined. The two had over $44 billion and $55 billion in combined assets.
Solana has other bullish catalysts. For example, Solana’s futures open interest has started rising, reaching a high of $8 billion, its highest level since November 5. It has been in a strong uptrend after bottoming at $7.2 billion in December.
Meanwhile, spot Solana ETF inflows have continued rising. These funds added over $775 million in the past few months, bringing the total assets to $1.02 billion. Bitwise, Grayscale, Fidelity, and VanEck funds are leading this gain.
Solana is also preparing for the Alpenglow upgrade, which aims to boost its speeds over time. It aims to make it much better than other chains, such as Ethereum and BNB Smart Chain.
SOL Price Technical Analysis
The daily chart shows that the Solana price has rebounded in the past few days. It bottomed at $119.38 and has moved above the 25-day Exponential Moving Average (EMA).
The two lines of the Percentage Price Oscillator (PPO) have crossed above the zero line and are nearing it. Also, the Stochastic Oscillator has continued to rise and moved above the overbought level.
Therefore, the token will likely continue to rise as bulls target the psychological $150 level. A move above that level will signal more gains, potentially to the $200 resistance level. However, a drop below the key $120 support will invalidate the bullish forecast.
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