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.<\/p>\n
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.<\/p>\n
![\"Solana](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/04\/SOLUSDT_2025-04-20_04-19-17.png\")
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SOLUSDT Analysis Source: Tradingview<\/p>\n
Upside Momentum Grows For SOL As Support Holds At $130<\/h2>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
With buying pressure building, a move toward $200 looks possible if the crypto market remains strong.<\/p>\n
Solaxy Presale Nears $31M – Best Crypto To Buy Now?<\/h2>\n
Even as the Solana price tries to maintain its bullish run, attention is shifting to another fast-rising Solana-based project called Solaxy (SOLX)<\/a>, which has amassed $30.8 million in its presale.<\/p>\n 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n ## Solaxy (SOLX)<\/p>\n Price Prediction<\/p>\n 🚀 #SOLX<\/a> showing massive potential with analysts projecting up to 1,790% gains by end of 2025! Layer-2 scaling solution addressing #Solana<\/a>'s congestion issues could be a game-changer. Presale already raised nearly $30M. Early investors taking… pic.twitter.com\/Hg0rbaFGeK<\/a><\/p>\n — CryptoInsight (@teknopattv48) April 11, 2025<\/a><\/p><\/blockquote>\n\n