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The Solana price soared 5% in the past week and 1% in the last 24 hours to trade at $139 as of 12:00 a.m. EST on a 44% pump in trading volume to $3.2 billion.
Solana Price Eyes Bullish Rebound After Sweeping Key Liquidity Zones
Solana (SOL) shows early signs of a potential bullish reversal following a months-long correction. After an explosive parabolic rally in late 2024 that saw SOL surge from around $20 to a high of approximately $210, the asset entered a sharp downtrend, forming a bearish channel that dominated price action through the first quarter of 2025.
The correction phase dragged SOL down to the $100–$120 range and appears to have completed with a sweep of sell-side liquidity, a common smart money tactic to trigger stop-losses before a major reversal. This zone also aligns with a critical support area previously serving as a launchpad during the parabolic run.
Price action has since broken out of the bearish structure, confirming a break of structure (BOS) around the $128–$130 range, which analysts often interpret as the first sign of a market shift. SOL now trades at $139.
SOLUSDT Analysis Source: Tradingview
Solana Builds Momentum: RSI Signals Strength As Bulls Target $160–$280
Momentum indicators such as the Relative Strength Index (RSI) also flash bullish signals. The RSI is currently at 58.29, indicating strengthening buying pressure. Additionally, bullish divergence between the RSI and recent price lows further reinforces the possibility of a trend reversal for the Solana price.
If bullish momentum continues, analysts are eyeing short- to medium-term targets at $160 and $200, with extended targets reaching as high as $240–$280. These zones correspond with prior resistance levels and uncollected buy-side liquidity that could act as magnets for price.
However, traders should watch the $120 level closely. A decisive break below this support could invalidate the bullish thesis and open the door to further downside.
With market sentiment gradually turning positive and Solana reclaiming key structural levels, the coming weeks could be pivotal. All eyes are now on whether the bulls can sustain this momentum and push toward higher liquidity zones.
Solana-Based Project Solaxy (SOLX) Raises $30.9M In Presale – Best Crypto To Buy Now?
As Solana’s price faces resistance, investor interest is shifting toward Solaxy (SOLX), a fast-rising project built on the SOL network.
Solaxy has already raised $30.9 million in its presale, positioning itself as Solana’s first layer-2 (L2) scaling solution.
Inspired by Ethereum’s Arbitrum and Optimism, Solaxy will handle transactions off-chain and settle them on Solana’s mainnet. This approach is designed to reduce fees and increase speed, key improvements as Solana continues to deal with high congestion and latency.
🔥 The Solaxy Era Begins 🔥
The Solaxy TestNet Block Explorer is now live! This is the first step in bringing about $SOLX domination. 🛸🪐
Check it out for yourself below 👇https://t.co/VWq2cscsrK pic.twitter.com/8rIQfOHAwb
— SOLAXY (@SOLAXYTOKEN) April 19, 2025
With the meme coin war heating up between Raydium and Pump.fun, two Solana-based platforms are competing for dominance. Raydium recently launched LaunchLab to rival Pump.fun’s new PumpSwap decentralized exchange. Both platforms have seen a surge in meme coin activity recently, increasing network usage.
Solaxy is well-positioned to benefit from this growing demand. Reducing transaction load could be key to improving the Solana network’s performance and earning revenue.
Crypto YouTube channel 99Bitcoins, which has over 725k subscribers, predicts that SOLX could offer 10x returns after launch.
Solaxy is also preparing to launch a cross-chain bridge, starting with Ethereum. This feature will connect Ethereum’s liquidity with Solana’s speeds, creating more use cases for the SOLX token. The token will power transactions, rewards, and governance across the ecosystem as well.
Buy SOL Tokens Before A Price Hike In 11 Hours
With strong fundamentals and perfect timing, Solaxy could become a major player in Solana’s next growth phase.
Solaxy also offers early investors a chance to earn big through its staking program, which delivers a huge 130% annual yield (APY).
The token is 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 11 hours.
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