Solana (SOL) Strong Closing in April, Price Breaks Key Support, Future Uptrend Expected!

Solana (SOL) performed impressively in April, successfully holding above the key support level of $140, and has now broken through to around $147, continuing to rise. Analysts predict that SOL may maintain this level for several months and will encounter resistance in the $190-$230 range.

At the same time, the Solana Foundation has fixed a serious token vulnerability, addressing security issues in the Token-22 confidential token, preventing attackers from unauthorized minting and extraction of tokens through false zero-knowledge proofs. Although this vulnerability sparked discussions about the level of decentralization, the foundation emphasized that the urgent fix was to avoid potential damage.

With strong on-chain data supporting it, SOL has shown stability above the current price level, and on-chain metrics also indicate positive growth momentum. The transaction fee revenue from Solana's memecoin platform Pump.fun has surpassed that of Ethereum, and user activity remains strong. Market analysts believe that SOL's upward momentum will continue in the coming weeks, potentially breaking through $160, further attracting the attention of investors.