Could Solana Be Headed for $150? Here’s What’s Fueling the Surge

Jakarta, Pintu News – Solana prices remain above the $130 support level despite the recent market decline. On December 11, Solana prices fell by 4%, following a massive sell-off earlier in the day, which pushed prices down from $138.

Volatility has increased, and the surge in sales volume indicates strong selling pressure. Nonetheless, market analysts remain optimistic that in the near future, the Solana price will break the $150 level.

Meanwhile, Bitcoin’s recent price drop to the $90 mark helped trigger overall market weakness. This caused the total crypto market capitalization to drop to $3.06 trillion.

This decline was expected, following expectations of a 25 basis point interest rate cut by the Federal Reserve. Other altcoins such as Ethereum and XRP are also showing bearish trends.

Key Factors that Could Drive Solana Price to $150

Solana’s price has recently caught the attention of investors, with the prospect of rising towards the $150 level. This optimism is further strengthened by the increasing interest from institutions, especially after the launch of Solana-based exchange-traded funds (ETFs).

Read also: With XRP Transaction Fees Down 90%, All Eyes Turn to the Price

To date, the Solana ETF has recorded impressive fund inflows of $16.6 million in just one day yesterday. This indicates an increase in Solana purchases by institutional investors.

In addition to the inflow of funds into ETFs, the Solana ecosystem is also experiencing rapid development. In terms of revenue from apps, the blockchain platform tops the list, with total revenue exceeding 3.6 million in just the last 24 hours.

Developments like this show that Solana is further establishing itself as one of the major players in the crypto market.

Coinbase Supports Solana Through On-Chain Swap Feature Directly on DEX

One of the big pushes for Solana comes from Coinbase, which is now increasing its support for Solana tokens. The crypto exchange now also supports on-chain swaps, which can be done through their Solana-based decentralized exchange (DEX).

This integration simplifies the trading process by allowing users to make payments using USDC, cash, bank accounts, or debit cards. This move by Coinbase is an important endeavor that increases the accessibility of the Solana ecosystem, especially for retail users.

In addition, institutional demand for Solana is also on the rise, with Invesco Galaxy preparing to launch a Solana-based ETF.

The company recently filed a Form 8-A with the SEC, indicating that the ETF could start trading as early as next week. This development could potentially trigger a big spike in Solana’s price if the overall crypto market rebounds.

Read also: Ethereum vs Bitcoin: ETH Price Potential to Rise 80% by 2026?

Can SOL Price Reach $150 on the Next Rise?

As of December 11, the SOL price stood at $130, reflecting a slight decline of 0.63%.

The MACD histogram indicator still shows bearish momentum, where the signal line is above the MACD line – signaling the possibility of short-term selling pressure continuing.

Meanwhile, the RSI value is at 50, indicating neutral market conditions, with no signs of overbought or oversold.

Important long-term price levels to look out for are $140 as a resistance level and $130 as a support level. If the price manages to break $140, the next target is $150, which would mean an increase of about 15%.

However, if Solana prices fail to hold above $130, there is potential for a further drop towards the $120 level.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Here’s Why Solana Price Could Explode to $150 Soon. Accessed on December 12, 2025