Solana (TellerThe price appears ready to rise in April based on a classic upcoming updated reflection index and signs of mechanical appetite.
Technion shows 65 % Sol PRICE RALY in Play
As of March 26, the Sol price has entered the phase of hacking for what appears to be a falling spoiler.
Falling sorry forms when the price is integrated within a specific range by two close -up trend lines. Meanwhile, the pattern is solved when the price is broken over the upper direction line.
Daily Sol/USD. Source: TradingView
Solana was broken over the upper direction line of the falling scent on March 19, and since then she has maintained the bullish momentum. The penetration was strong, as Seoul continues to climb in the days after that.
With the pattern confirmation, the Sol/USD pair now looks forward to $ 235, the goal that was obtained by adding the maximum rise in Wedge to the level of penetration by April.
source: @theflashtrading
The penetration is supported by improving momentum indicators. Solana’s relativity index (RsiTransfer above the level of 50 neutral, indicating the promotion of purchase pressure.
A step higher than a 50 -day SIA moving average (EMA 50 days; red wave) at $ 154 can lead to increased penetration validity. However, if Sol is backing from the resistance of EMA, the reversal ascending will be at risk of nullification.
Solana Mimikoin sector in the event of recovery
Outside of the plans, the Solana’s Onchain activity is witnessing a new wave of Mimin’s enthusiasm. More than 8 million symbols have been launched on Solana, and the last daily publishing operations have flourished sharply.
It is worth noting that Memeco Launcad Pump.fun is based in Solana I witnessed More than 34,000 projects were launched on March 24, compared to about 20,190 projects at the beginning of the month, which is the lowest daily number since November 2024.
Total projects scattered via pump.fun. Source: sand dune analysis
The height is launched in the memecoin mirrors in the recovery in December 2024, immediately after a month’s cooling period.
Daily Sol/USD. Source: TradingView
The increase in Memecoin’s deployments indicates the renewal of demand and the increase in the network activity – a historically previous trend. The Solana price increased by more than 68 % when Pump.fun’s activity has seen a similar recovery the last time.
Related to: Buidl expands from Blackrock to Solaa, where the distinguished money market fund is approaching $ 2 billion
This momentum is also reflected in the strong performance of the Solana -based Mimikoin, many of which have published great returns in recent days. This includes the official Trump (Trump) and Bonk (Bonk).
Top Solana Memecoins and its performance as of March 26. Source: Coingecko
Mimikoen emerged from Solana at the end of the week when President Donald Trump was Making a social media publication Frankly, Mimikoin Trump. His support caused a new sensation across the sector.
In addition to the upward back wind, POMP.fun of the newly launched decentralized exchange (DeX) A billion dollars have crossed the cumulative trading volume since its first appearance on March 19. The launch prompted more activity to the Solana network, which helped increase the Sol price to more than 15 % in this process.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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