The Solana price is staging a major comeback — and meme coins and stablecoins are leading the charge.
If you thought Solana (SOL) had lost its shine earlier this year, think again. After bottoming out at $95, SOL has exploded higher, and now all eyes are on a major psychological milestone: $200.
Solana surges as meme coins ignite frenzy
This week, Solana crossed the important resistance level of $150, reaching $153 — its highest price since early March. That marks an impressive 60% rebound from its 2025 low, pushing Solana’s market cap to nearly $80 billion.
One of the key drivers behind this surge? Meme coins.
Solana’s meme coin ecosystem has exploded back to life, with the collective market cap jumping to $10 billion, up from a low of $6 billion earlier this month. Coins like Official Trump (TRUMP), Bonk (BONK), and Dogwifhat (WIF) have soared by over 60% in the past seven days alone. Even Pudgy Penguins (PENGU), inspired by Ethereum’s NFT craze, is riding the momentum.
And it’s not just hype. High-profile events — like Trump inviting top meme coin investors for a dinner in May — have added real fuel to the fire.
Stablecoins confirm Solana’s growing strength
While meme coins grab headlines, another pillar of Solana’s rally is its stablecoin ecosystem.
The total market cap of stablecoins on Solana just hit an all-time high of $13.1 billion. At the same time, active addresses on Solana have surged to 3.1 million, signaling massive user engagement across DeFi, NFTs, and payments.
Decentralized exchanges (DEXs) on Solana, such as Raydium and Orca, processed over $17 billion in volume over the last seven days — clear proof that liquidity and on-chain activity are booming.
Technical analysis: SOL’s road to $200
Technically, Solana’s daily chart paints a bullish picture.
- SOL recently broke above the crucial resistance at $121, a level not seen since September 2024.
- The price has completed an inverse head-and-shoulders pattern, a powerful reversal signal.
- SOL is now trading above its 50-day moving average.
- Both the Relative Strength Index (RSI) and MACD are rising, confirming momentum is on the bulls’ side.
- It has also cleared the 23.6% Fibonacci Retracement level.
If these trends continue, Solana could easily test the next key psychological barrier: $200 — about 32% above its current price.
However, traders should stay alert. As excitement builds around meme coins and new inflows, volatility could spike too. Still, the strength in both meme coins and stablecoins suggests the Solana ecosystem has more fuel left in the tank.
