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The price of Solana 
$178 (SOL) recently surged to $183 following the announcement of a new revenue-sharing model by the platform Pump.fun. This new policy aims to increase payments to coin creators by 50%, reigniting interest in the Solana ecosystem. This development has triggered positive signals towards Solana for both individual investors and derivative markets.
Pump.fun’s Revenue Sharing Model and Market Impact
The newly announced revenue-sharing model by Pump.fun offers SOL payments equivalent to 0.05% of the transaction value to coin creators per transaction. This change encompasses both new and actively traded coins, as well as assets on PumpSwap. The announcement generated notable interest within the crypto community, garnering over 1.7 million views.
This update aims to strengthen Solana’s position within the creator economy and encourages more projects to join the platform. The resulting new market dynamism has notably increased investor interest, along with transaction volumes and coin launch speeds on the platform.
Some industry representatives argue that Pump.fun’s revenue sharing model has positively impacted price movements in the short term by boosting activity within the ecosystem. The swift rise in prices is partially attributed to users and developers engaging in more transactions due to this incentive model.
Developments in Derivative Markets and Bullish Signals
Noticeable activity has been observed in Solana derivative markets as well. According to Coinglass, the open position ratio in SOL markets increased by 8.43% to reach $7.4 billion, while the trading volume decreased by 18.26% to $16.13 billion. Nevertheless, the increase in open positions indicates a strong bullish expectation, as investors appear less inclined to close their positions in the short term.
In options markets, open positions rose by 5.01% to $13.13 million, while trading volume decreased by 4.16%. The long/short ratio for top traders on Binance stands at 2.31, and on OKX, it is recorded at 1.65. These ratios suggest that investors are taking positions with high leverage in anticipation of a price increase.
Coinglass analysts stated, “Solana’s price may maintain its current momentum in the short term. The increase in long positions shows the continued upward expectation in the market.”
Technical Data and Current Price Outlook
While trading at $183.29, Solana managed to stay above the Keltner Channel’s middle line at $179.11. The daily candlestick patterns, frequently closing above the channel, support the current upward trend.
The Bollinger Band %B indicator at 32.89 indicates that SOL remains in the upper range of its volatility spectrum, signaling that the rally continues. The Parabolic SAR indicator, located significantly below the current price at $154.80, further corroborates the low possibility of a short-term correction and a higher likelihood of continued upward movement.
According to technical analysts, “A possible consolidation around $183.75 could subsequently reignite momentum. However, a sustained close below $179 could lead to a decline to $160.47.”
Increased trading volume, sustained investor interest, and Pump.fun’s incentivizing model technically support short-term bullish expectations for Solana. Although a temporary correction might be observed, there remains a strong potential for prices to advance toward the $190-195 range. The platform’s policies motivating creators and investors appear to enhance its overall appeal.
These developments could significantly influence Solana’s market performance in the coming period. Investors are shaping their strategies by closely monitoring technical indicators and current incentives.
Recently introduced incentive mechanisms and market indicators within the Solana ecosystem heighten the potential for testing the $190-195 price range soon. The platform’s content creator economy-focused approach could further bolster Solana’s ecosystem. Users are inclined to closely follow platform updates alongside technical analysis tools. Coinglass and technical data underscore the persistence of an upward trend in the short term. However, price movements depend on the response of investors to general market dynamics and platform incentive applications.
