Solana (SOL) Price is ready to rise in April based on the classic reversal indicators in April and new appetite for Memecoins.
According to technology, 65% SOL Price Rally is playing.
As of March 26, the price of the SOL has entered the brake out stage, which appears to be a fallen wedge pattern.
The price of the price is formed when the price is integrated within the range defined by the two convergence, the descent trend line. Meanwhile, the pattern is solved when the price goes beyond the top trend line.
SOL/USD daily price chart. Source: TradingView
Solana has crossed the top trend line of the wedge pattern that falls on March 19 and has since maintained an optimistic momentum. The brake out has been strong, and the SOL continues to rise after that.
With the pattern confirmed, the SOL/USD pair is now watching $ 235, the goal obtained by adding the maximum height of the wedge to the brake out level by April.
source: @theflashtrading
The brake out is supported by improving the momentum indicators. Solana’s relative intensity index (RSI) moves above the level 50 level, suggesting strengthening purchase pressure.
Beyond the 50 -day index moving average (50 -day EMA, red wave) of $ 154 can further verify the failure. But if SOL retreats from EMA resistance, the strong reversal is risk of invalidation.
Solana Memecoin division is recovering
In addition to the chart, Solana’s OnChain activity is watching fresh wave of Memecoin passion. More than 8 million tokens have been released in Solana, and the recent deployment has rebounded.
In particular, Solana -based Memecoin Launchpad Pump.fun witnessed more than 34,000 projects on March 24. Since November 2024, about 20,190 daily minimum number has been released at the beginning of the moon.
Total projects distributed through pump.fun. Source: Sand Hill Analysis
Memecoin’s spike was a mirror of the witnessed recovery immediately after the cooling period of December 2024.
SOL/USD daily price chart. Source: TradingView
The surge in Memecoin Deployments indicates the updated demand and increased network activity. Solana Price rose more than 68% when the Pump.fun activity saw a similar recovery last time.
relevant: BLACKROCK’s Buidl extends to solana close to $ 2B of tokenized money market funds
This momentum is also reflected in the powerful performance of the best solar or based memo coin, and many of them have recently made impressive profits. This includes official Trump (Trump) and Bonk (Bonk).
As of March 26, the best Solana Memecoins and their performances. Source: Coingecko
When President Donald Trump made a social media post explicitly mentioned Trump Memoin, Solana’s Memecoin Frenzy broke out on weekends. His guarantee triggered a new topic of this sector.
In addition to the optimistic Tailwinds, the newly launched Pump (FUMP.FUN) has been more than $ 1 billion in cumulative trading since its debut on March 19, which has led more than 15% of SOL prices by leading more activities in Solar or network.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.