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Solana Network Activity Surge and ‘Megaphone’ Chart Pattern Set $ 210 Sol Price Target

cryptobizinvest.com May 15, 2025

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Key Takeaways:

Solana developed a megaphone chart pattern with a potential target price of $ 210.
Solana’s ecosystem growth highlights the investor’s updated interest with $ 4 billion realized covering and 731 million transactions.

Solana (Sol) The price tested its main resistance to $ 180 earlier this week, but Altcoin failed to establish a position above the level. Over the past few days, SOL has been combined above the $ 170 mark, but prices have dropped 5.65% from May 14th.

Along with the recent minor DIP, Solana developed a megaphone pattern on the 4-hour chart, a classic technical setup that indicates an increase in volatility.

Markets, price reviews, decentralized exchanges, market reviews, Altcoin Watch, Solana — *Solana 4 hours chart. Source: Cointelegraph/TradingView*

The chart describes that the upper megaphone’s upper trend is sitting near $ 185, aligned with immediate resistance to $ 180. A confirmed breakout above this level can push Sol to the first target of the pattern at $ 210, which is calculated by measuring the widest part of the pattern and reproaching upward from the Breakout point.

If the momentum is preserved, the next target is $ 210, representing a 21% rally from current prices. A break above $ 200 will also compromise a psychological level that can attract further pressure purchase.

However, it is important to note that a megaphone pattern can also be bearish. Failure to break $ 180 can lead to a pullback towards the 100 -day exponential transfer of average (EMA) to $ 161 or the lower pattern support near $ 150. Confirmation of volume in breakout is a major trigger, as low volume can signal the wrong transition, leading to an immediate return of initial bias.

Solana’s $ 4 billion realized covering cover and 731 million transaction signal momentum

Solana experiences a resurrection in the investor’s interest, along with Glass node Reporting a 4% to 5% increase in 30-day capital flow, matching XRP’s (XRP) Growth. After the months of the flow, this trend restores signals that change demand in the Solana ecosystem. The realized cover, reflecting the final transaction value of the coin, reached $ 4 billion to $ 78.5 billion on May 14, showing Sol’s growing momentum.

Data from a top 7 ICO report further confirms Solana’s strong performance, which secured its position as a second blockchain rank by transactions. In the past week, Solana processed A wonderful -731 million transactions, walking only 1.79 billion of hyperliquid. This is a significant outperformed base, which flies 77.1 million transactions, featuring Solana’s existing advantage and popularity compared to other chains.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.