Pump.Fun shows its position in Solana (SOL) again through major transactions that affect market sentiments. The platform deposited 140,285 SOL tokens worth about $26.6 million through the Kraken exchange.
Pump.Fun continues its larger plan by transferring 1,021,162 SOL in 2025 which brings market value to $208.32 million. Market participants carefully monitor the significant 2,724,719 SOL transfers as the total transaction earnings for SOL amount to $525.81 million.
Major transactions in the past have affected market movements resulting in price changes or market direction reversals. The large transfers from Pump.Fun attract market analysts as they study the moves that might trigger a major price reaction in Solana.
MACD Signals Possible Trend Reversal for Solana
The large number of transactions has weighted Solana prices downward during recent trading periods. SOL’s market value stands at $187.87 with a single-hour decline of 1.44%. A turnaround in market trends is expected according to the available technical information.
RSI measures 32.01 level with the indicator approaching oversold conditions. The market generally anticipates an asset price recovery or pullback when the Relative Strength Index takes values lower than 30 due to rising buying interest. Although SOL has not reached extreme sell-off levels it still draws attention as investors may switch their attitude and change market direction.
The bearish market trend continues because the MACD histogram stands at minus 1.97. The MACD line gets closer to the signal line indicating an upcoming crossover situation. A switch from bearish to bullish market conditions may start here since decreasing histogram bars point to such a market shift.
Solana Open Interest Fluctuates Amid Uncertainty
Over the past 24 hours Solana open interest experienced ups and downs as it increased to $28.021 million before returning to $27.915 million. Traders wait for the market to move anywhere and take their positions accordingly.
The number of investors who bet on Solana price increases matches those who predict decreases according to the Long/Short ratio range of 0.9 and 1.0. Market participants have a mild preference to sell Solana compared to buying it based on these results. The SOL/USDT ratio on Binance shows that traders want to sell more than they want to buy which matches the overall steady market attitude.
The recent negative market movement for SOL lacks strong enough buy and sell signals that would significantly drop its price. The market participants are defensively protecting their existing trades and won’t make major decisions without better price directions.
Market participants are now watching Pump.Fun’s trading volumes because they want to know how Solana prices will react. The market anticipates upward price movement because SOL would recover after strong RSI recovery and MACD crossover signals emerge. Market participants wait for better signals because bearish indicators persist in the market.
This news is republished from another source. You can check the original article here
