Solana Price Holding Above $140; Will $200 Break Soon?

Highlights:

• Solana price shows consolidation with targets set at $190–$230
• Over 260,000 sandwich attacks hit Solana DApps in 30 days
• Technical indicators suggest bullish momentum remains slightly positive

Solana (SOL) price is holding firm above a key support zone, maintaining a bullish outlook. The asset has shown signs of consolidation over the past week. Trading volume rose by 19.89% to reach $1.88 billion in 24 hours. SOL is rebounding from a support level, forming a higher low that hints at a potential upward continuation.

Solana Price Targets Set Between $190–$230

Crypto analyst CryptoBullet has highlighted Solana’s recent monthly performance, noting a strong close above a crucial horizontal level. The chart shows consistent support near that range, with price candles confirming the zone’s importance. This level, previously a rejection area, is now acting as support and could guide future price action.

The analyst expects Solana to hover above this zone for several months before any downward shift. The identified target or rejection zone lies between $190 and $230. Technical signals suggest temporary stability, although the chart implies a potential breakdown may follow later.

$SOL had a great monthly close. It held the Key Horizontal level

As I said, we will spend several months above that level before the inevitable breakdown

Target/Rejection Zone: $190-230 pic.twitter.com/gpJcOPLHOG

— CryptoBullet (@CryptoBullet1) May 4, 2025

Solana DApps Hit by Over 260K Sandwich Attacks in 30 Days

New statistics show that Solana’s price remains under inspection because trading app sandwich attacks exceeded 260,000 during the preceding month. The malicious tactics led to the extraction of over 23,600 $SOL throughout the Solana network because of unresolved security issues. GMGN.AI became the main victim of sandwich attacks since it allowed attackers to extract 30.8% of the total stolen value relative to its market performance.

The swapping volume processed by Jupiter Exchange reached 32% of Solana’s total numbers although they experienced just 7% of the value associated with sandwich attacks. GMGN.AI seems to face enhanced risk from attackers who exploit latency periods or it generates higher profits from such attacks. On the whole Axiom and Phantom recorded higher value extraction levels compared to their swap transactions between trading pairs.

GMGN is disproportionately sandwiched

Over the past 30 days, trading apps on @solana recorded more than 260K sandwich attacks and over 23.6K $SOL extracted in value.@gmgnai was the most targeted app, responsible for 30.8% of all sandwich profits relative to its own trading… pic.twitter.com/x2yoj9uuRm

— CryptoRank.io (@CryptoRank_io) May 5, 2025

Will Solana Price Recover to $160 Level

The SOL price traded at $144 during Monday’s session after briefly touching a high of $147. The price remains in a consolidation phase, holding steady above the key $140 support zone. Bulls defended this level over the past week, signaling an active accumulation zone between $130 and $140.

The MACD shows a waning bullish trend, with the signal line recently crossing above the MACD line. This may indicate a potential slowdown unless volume returns. The histogram also reflects fading upward momentum, although no sharp reversal is visible yet. Meanwhile, the Chaikin Money Flow (CMF) remains slightly positive at 0.07, showing mild capital inflows. Sustained accumulation could support another attempt at breaking $150 in the near term.

The nearest resistance is $150, a level tested repeatedly without a clear breakout. If buyers gain momentum, a break above this zone could push SOL toward the next major resistance near $180. A further rally may then bring the $200 psychological level into focus. If the $140 support fails, the next support lies near $130, followed by $120.