Solana (SOL) Jumps 30.6% in a Month, Targeting $225 After Bullish Breakout

Solana (SOL) price has experienced a 30.6% jump in the past month and currently stands at $171 per token. This is the highest price that SOL has reached since March 9, when President Donald Trump announced that it would be included in the U.S. digital asset stockpile.

Trading volumes have surged by 47% in the past 24 hours and currently account for 7.6% of the token’s circulating supply.

The rise of meme coins like Fartcoin (FARTCOIN) and Pudgy Penguins (PENGU) has resulted in higher transaction volumes for the Solana blockchain. Decentralized exchanges like Raydium and Orca have benefited from this trend.

As the blockchain’s utility token, the price of SOL rises when network activity increases. Solana meme coins have more than doubled in value recently, leading to significant demand from investors who have been piling into these tokens.

Celebrity-endorsed tokens like Official Trump (TRUMP) have also contributed to the Solana network being the preferred choice for minting meme coins and other similar assets.

Solana Price Prediction: SOL Sets Eyes on $225 Target After Bullish Breakout

Looking at the daily chart, we can see that SOL has been forming a bullish inverse head and shoulders (H&S) pattern since its early March downturn.

This pattern has a neckline that acts as resistance three times until the price breaks out and reverses the downtrend.

The breakout has already occurred and has confirmed the pattern’s bullish bias and a positive outlook for SOL in the near term.

Typically, the depth of the head is used to estimate how high the asset may go after the breakout. In the case of SOL, its short-term target could be set at $225, resulting in an upside potential of nearly 31% based on today’s prices.

For now, the key Solana price to watch is the $180 level, which SOL has hit in the past couple of days already. The 21-day and 200-day exponential moving averages (EMAs) could act as support in case of a strong pullback from this level.

As long as these two indicators hold, SOL’s bullish outlook will remain intact and it should continue its path toward the $225 target unbothered.

Altcoins appear to be entering a bullish cycle and the best crypto presales like Solaxy (SOLX) will benefit from this shift in market sentiment.

Solaxy (SOLX) Raises Nearly $35M to Launch its Layer-Two Scaling Solution for Solana

Solaxy (SOLX) is a layer-two scaling solution designed to eliminate Solana’s congestion issues. Back when TRUMP and MELANIA were launched, the blockchain struggled to keep up with surging volumes.

Solaxy bundles transactions offline to increase the mainnet’s efficiency. As wallets and exchanges progressively integrate this L2, the demand for $SOLX is expected to surge.

In addition to significant upside potential, $SOLX offers attractive staking rewards of 115% to token holders.

To buy $SOLX, simply visit the Solaxy website and connect your wallet (e.g., Best Wallet). You can either swap SOL and USDT or use a bank card to make your investment.