Solana (SOL) Breached $180 amid Pump.fun Revenue Sharing Update

Solana climbed to $183.61 Tuesday, gaining 5.8% as Pump.fun announced its new 50% revenue sharing initiative for coin creators.

Solana price broke above $180 as Pump.fun’s new revenue-sharing model renewed bullish momentum and creator-driven trading activity.

Solana (SOL) climbed to $183.61 Tuesday, adding 5.8% in a move that saw Pump.fun announce a 50% revenue-sharing initiative for coin creators on the platform.

The protocol will now distribute 0.05% in SOL per trade to eligible creators, a move that is being made to drive adoption and incentivize ongoing token launches on the platform. This model includes all coins that are actively trading, newly created, or those that have graduated to PumpSwap.

This announcement, which has clocked up over 1.7 million views, reaffirms Solana’s role in the creator economy and could attract a fresh wave of speculative and builder-driven interest in the network.

Solana price looks set for more upside action in the coming days as increasing engagement from meme-fueled platforms like Pump.fun could further reinforce the network’s appeal during cycles of memecoin-led rallies

Solana Price Technical Analysis: Longs Load Up Ahead Of $190 March

CoinGlass derivatives trading data show capital inflows increasing within Solana markets.

On Tuesday, SOL Open interest jumped 8.43% to $7.40 billion, showing new capital entering the market.

Although trading volume declined 18.26% to $16.13 billion, the rise in open interest suggests sustained positioning rather than short-term exits.

Options markets also show a mild rebound in positioning, with open interest up 5.01% to $13.13 million despite a 4.16% drop in options volume.

Long/short positioning tilts clearly bullish. On Binance, the top trader long/short ratio stands at 2.31, and OKX accounts show a ratio of 1.65, both indicating leveraged bets favoring upside.

This directional bias is further supported by liquidation data: in the last 24 hours, $19.46 million in positions were wiped out, with $14.44 million from shorts, and just over $5 million long positions closed.

Combined with Pump.fun’s initiative to align incentives, this derivatives setup adds technical weight to the argument for a continuation of the ongoing Solana price rally toward $190 to $195.

Solana (SOL) is currently trading at $183.29, managing to stay above the $179.11 midline of the Keltner Channel (KC), signaling a continuation of bullish structure.

The daily candle structure shows consistent closes above the KC basis line, reinforcing strength in the current uptrend. Notably, SOL is also trending close to the KC upper band, suggesting that a breakout attempt toward the $190-$195 range remains technically valid in the near term.

The presence of wide-bodied bullish candles since May 9, further supported by increasing volume, highlights renewed buyer conviction. The Parabolic SAR at $154.80 remains well below the current price, indicating that trend strength is still in place and any technical weakness in the short term would likely lead to corrective action rather than a reversal.

Importantly, the Bollinger Band %B (BBP) indicator at 32.89 shows SOL remains in the upper half of its volatility band, a common feature of sustained rallies. This is in contrast to Bitcoin price today, which is showing signs of technical weakness after encountering resistance.

While a brief pause near $183.75 resistance could lead to short-term consolidation, the rising volume profile and broadening volatility range support the likelihood of a continuation move.

A decisive close above the KC upper band could see momentum accelerate toward the $195 mark.

On the flip side, failure to sustain above $179 might open the door for a retest of the KC midline and potentially the 20-day SMA region around $160.47.