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The Solana price soared 4% in the last 24 hours to trade at $140 as of 9 p.m. EST on a 27% pump in trading volume to $2.65 billion.
Solana Price Bullish Reversal Targets $200 Rebound After Breakout From Bearish Channel
Solana (SOL) appears poised for a significant rebound after breaking out of a prolonged bearish channel that had weighed on the token since late January. The altcoin is trading at $ 140, as bulls reclaim control and eye higher resistance levels.
After peaking at around $266.60 earlier this year, SOL underwent a steep correction that saw it fall to as low as $100, a key support zone marked by sell-side liquidity. The decline formed a well-defined bearish channel, with multiple breaks of structure (BOS) confirming a downward trend.
This came after an earlier rally in Q4 2024, when the asset surged parabolically from $20 to over $125, sweeping buy-side liquidity in the process. Market sentiment began shifting in April, with SOL showing signs of accumulation in the $100 region. A breakout above the $130–$135 resistance range confirmed a bullish break of structure, suggesting that buyers had regained control.
SOLUSDT Analysis Source: Tradingview
Upside Momentum Grows For SOL As Support Holds At $130
The Relative Strength Index (RSI) is at 59.63, showing growing bullish momentum without being overbought. Technical signals show that SOL could rebound toward the $200 level, a former support now acting as a key upside target.
This $200 area matches an unfilled order block, adding importance. If the recovery continues, SOL could push higher mid-term, with $160 as the next key resistance.
On the downside, bulls need SOL to stay above the $130 support to keep the bullish trend intact. If it drops below, the price could retest lower zones around $110–$100, though current momentum hints any dip might be brief.
With buying pressure building, a move toward $200 looks possible if the crypto market remains strong.
Solaxy Presale Nears $31M – Best Crypto To Buy Now?
Even as the Solana price tries to maintain its bullish run, attention is shifting to another fast-rising Solana-based project called Solaxy (SOLX), which has amassed $30.8 million in its presale.
Solaxy is set to become the first layer-2 scaling solution for the Solana ecosystem, using a transaction model similar to Ethereum’s Arbitrum and Optimism.
By handling transactions off-chain and settling them on Solana’s mainnet, Solaxy aims to cut costs and boost transaction speeds, a much-needed fix for the network’s growing congestion and latency issues.
The timing couldn’t be better as a meme coin war has erupted between Solana-based platforms Raydium and Pump.fun, with both racing to dominate the space.
Raydium recently launched its LaunchLab, a new token launch platform aimed at rivalling Pump.fun. That came in response to Pump.fun rolling out PumpSwap, a decentralized exchange, which has also seen a surge in activity.
## Solaxy (SOLX)
Price Prediction
🚀 #SOLX showing massive potential with analysts projecting up to 1,790% gains by end of 2025! Layer-2 scaling solution addressing #Solana's congestion issues could be a game-changer. Presale already raised nearly $30M. Early investors taking… pic.twitter.com/Hg0rbaFGeK
— CryptoInsight (@teknopattv48) April 11, 2025
This rise in meme coin trading is driving network demand, and Solaxy is positioned to benefit. As activity continues to grow, so too could Solaxy’s revenue, given its role in easing transaction loads.
With its unique role as Solana’s first L2 solution, Solaxy could play a major role in shaping the future of meme coin trading and network scalability.
A standout feature is Solaxy’s cross-chain bridge, set to launch first on Ethereum. This bridge will bring together Ethereum’s deep liquidity and Solana’s high-speed architecture.
The SOLX token will be central to the platform, powering transactions, governance, and rewards across the ecosystem.
Crypto YouTube giant 99Bitcoins, with over 725k subscribers, predicts that SOLX could deliver 10x returns after launch.
Buy SOL Tokens Now – Price Hike In 32 Hours
Solaxy is also offering early investors a chance to earn big through its staking program, which delivers a huge 131% annual percentage yield (APY).
The token is currently available in presale for just $0.0017, with purchases available via crypto or bank card.
Interested investors should buy before a price hike in about 32 hours.
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