Solana (SOL) is showing promising signs of a price rally, fueled by a classic bullish reversal pattern and a surge in memecoin activity. As of late March, SOL broke out of a falling wedge pattern, maintaining upward momentum. The target price is $235 by April, supported by strong momentum indicators like the RSI.

On the memecoin front, Solana is experiencing a revival, with over 8 million tokens launched and a significant increase in daily deployments. This activity has historically led to SOL price rallies. Additionally, the launch of Pump.fun's DEX has boosted network activity, contributing to a 15% price increase for SOL.