Pumpfun filed 105,233 ground tokens in Kraken, valued at around $ 15.86 million, in a new chain movement. This decision comes in the midst of a Solana prices recovery above the resistance of $ 150 and the increase in the chances of an ETF soil approval to a probability of 90%, according to Bloomberg analyst Eric Balchunas.
Pump deposits 105,233 floor in Kraken
According to Lookonchain, Pumpfun moved 105,233 ground token in Kraken in his last transaction. This follows a series of coherent deposits carried out by the project over time. In total, Pumpfun has now deposited 3,202,498 soil – around $ 591 million, on the Kraken scholarship at an average price of $ 185.
In addition to these deposits, Pumpfun also sold 264,373 soil for around $ 41.64 million in USDC at a price of $ 158 per token. At the same time, Lookonchain reported that three new portfolios have withdrawn 145,000 ground token – proved to be around $ 21.8 million – from Kraken.
These portfolios were recently created and carried out these transactions in the last hour, which suggests actions or a potentially coordinated accumulation.
The technical price of the ground price takes care of the upward continuation
The daily graphic of Solana shows an upward price structure supported by break from a downward corner model. This model developed from early January to the end of March 2025 and generally signals a trend reversal. The price broke out above the local resistance in early April, followed by a sustained rally of less than $ 100 to more than $ 150.
The current price action forms a structure of a bull flag, which often appears before another movement upwards. Analysts observe higher stockings and higher highs on the graph, a clear -rise tendency model. The volume has remained stable, with a punctual volume between $ 4 billion and $ 6 billion per day, according to Defilma data.
On the table of prices at 1 day, the relative force index (RSI) and the monetary flow index (MFI) point both upwards. The RSI amounts to 61.59, which suggests an additional place for growth before reaching the surachat conditions while the MFI is at 58.06, which indicates more capital than leaving.
Resistance levels to come for Solana Price
Crypto Gerlaenco analyst note That Solana has rebounded more than 50% from her recent hollow. He mentioned: “$ soil 200 $ at the end of May”, referring to a possible price objective if the current dynamics continue. According to his analysis, the next resistance zone is between $ 170 and $ 185.
This zone served as a previous rejection area during the correction phase earlier in 2025, from the highest solara of $ 294.44. If Price Action crosses this beach and transforms it into support, a path to $ 200 at $ 220 could open.
The recent surge in Solana prices was mainly stimulated by Optimism Sol ETF. Eric Balchunas de Bloomberg recently increased the probability of a 90%SPOT SPOT ETF approval, placing Solana among the best contenders. This news has fueled new interests of investors, both in the spot and derivative markets.
Simultaneously, Defillama data shows that the perpetual term volume for Solana remained high in March and April. Even during the price correction periods, this volume has remained consistent, indicating the continuous interest and active participation of the traders.
Kelvin Munene Murithi
Kelvin is a distinguished writer with an expertise in crypto and finance, holder of a baccalaureate in actuarial science. Known for its incisive analysis and its insightful content, it has a strong mastery of English and excels in carrying out in-depth research and the dissemination of appropriate updates of the cryptocurrency market.
Warning: The content presented may include the author's personal opinion and is subject to the market state. Do your market studies before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
✓ Share: