Pump

bullish

Solana

Memecoin

<ul class="wp-block-list">
 <li>SOL eyes $147 as bullish reversal gains traction</li>  
 <li>34K memecoins boost Solana’s network demand</li>  
 <li>DEX volume hits $2.5B pushing SOL momentum</li> 
</ul>  
<p>Despite a slight 1.1% dip in the past 24 hours, Solana (SOL) remains resilient, holding firmly above $112 support. Current price sits at $131, with trading volume down nearly 11% to $4.2 billion. Technical patterns, on-chain data, and rising DEX activity suggest the potential for a continued uptrend.</p>  
<h2 class="wp-block-heading" id="bullish-reversal-patterns-and-key-resistance-levels">Bullish Reversal Patterns and Key Resistance Levels</h2>  
<p>Crypto analyst Kingpin Crypto, shared a promising setup for <a href="https://cryptofrontnews.com/solana-shows-bullish-reversal-signs-as-td-sequential-flashes-buy-signal/" target="_blank" rel="noopener noreferrer nofollow">Solana forming an inverse</a> head-and-shoulders pattern on the daily chart. This is often considered a bullish reversal indicator when confirmed by a break of neckline resistance. The analyst emphasized that holding above $115.11 is key for further upward movement.</p>  
<figure class="wp-block-image"><a href="https://x.com/Kingpincrypto12/status/1911372273027600678" target="_blank" rel="noopener noreferrer nofollow"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeHkEt1cf9DZLISDez89PppqiPJSv6vEHFWO3sxUxvlAYptnySygU44_-RoNGYELWBnnNdfDMhCcmZm3lImqMXqw8wbDKM_Zf3YrSvFQy25APCRkVWl_b64mCZrD9kbKx2YUCB2?key=-AnoTkiiJRocURQrtn-LhGXA" alt=""></a>
 <figcaption class="wp-element-caption"><strong>Source :Kingpin Crypto(X)</strong>
 </figcaption>
</figure>  
<p>If the pattern holds, <a href="https://cryptofrontnews.com/canada-to-launch-spot-solana-etfs-with-staking-on-april-16/" target="_blank" rel="noopener noreferrer nofollow">Solana could first</a> target the $147–$153 zone, then potentially test $200. The longer-term target remains $260, which would require a 97% price increase from current levels. Technical indicators also support this scenario. The RSI has risen to 54.42, while the MACD shows a bullish crossover from April 10, reflecting upward momentum.</p>  
<p>On the 4-hour chart, the Ichimoku Cloud displays weakening support, but daily signals still show possible strength. A breakout above $135.3 could trigger a rally, supported by visible short positions at that price, as noted by CoinGlass data.</p>  
<h2 class="wp-block-heading" id="on-chain-growth-and-memecoin-activity-support-sol-price">On-Chain Growth and Memecoin Activity Support SOL Price</h2>  
<p>According to data from Dune Analytics and CoinGecko, Solana’s network activity has risen sharply due to a surge in memecoin launches. Over 34,000 new projects were deployed on March 24 through Pump.fun, showing renewed demand.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/CryptoTony__/status/1912197729826271315
 </div>
</figure>  
<p>This mirrors a previous wave in late 2024 that preceded a strong price rally.Solana is also outperforming rivals in DEX volumes and protocol fees. The network saw $2.5 billion in DEX activity in the past 24 hours, ahead of Ethereum and BNB.&nbsp;</p>  
<p>Top protocols like Jupiter and Pump have contributed to this growth, with Pump generating $15 million in fees this week.This activity, along with strong price structure above $112, gives traders reason to watch for further upward movement in the coming weeks.</p> 
<p>The post <a href="https://cryptofrontnews.com/solana-holds-112-support-as-bullish-pattern-e/" target="_blank" rel="noopener noreferrer nofollow">Solana Holds $112 Support as Bullish Pattern Eyes $147 Target</a> appears on <a href="https://cryptofrontnews.com" target="_blank" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

Solana Holds $112 Support as Bullish Pattern Eyes $147 Target

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