Double Base. V-Recovery. $1B Meme Hype — Is $SOL Ready for $165?
Solana continues to show strong signs of recovery as bulls regain control of key technical levels. After a volatile few weeks, $SOL has successfully reclaimed the major demand zone around $141.19, which previously acted as both a structural support and psychological level.
🔍 Technical Overview
Current Price: ~$150
Recent Structure: SOL formed a double-base pattern at $141.19, signaling a bullish reversal setup.
Breakout Momentum: Price broke out of recent consolidation, confirming a V-shaped recovery is in progress.
Bullish Trigger: A decisive move and hold above $152–153 will likely open the path toward $160–165, with a stretch target of $175 in the coming days.
📉 Support & Resistance Levels
Immediate Support: $146–148
Critical Structure Support: $141.14
Resistance 1: $152–153
Resistance 2: $160–165
Major Resistance: $175–180
If the price falls below $141.19, it would invalidate the bullish setup and could push SOL toward the next support at $135.
🔥 Fundamental Catalysts for Solana
Pump.fun's $1 Billion Meme Token Sale
Solana-based launchpad Pump.fun has reportedly raised over $1B in meme coin sales. Despite short-term volatility, this shows massive retail interest in the Solana ecosystem and brings liquidity into Solana’s DeFi world. However, some concerns remain about liquidity rotation and its sustainability.
Rising Network Activity
Active Solana wallets surged from ~5.6M to over 7.6M in just a few weeks — a strong indicator of rising adoption. This trend underpins the growing demand for Solana-based apps, NFTs, and DeFi tools.
Scalability Upgrades and Developer Growth
Solana continues to innovate with scalability upgrades, including ZK compression and cost-reducing tech for on-chain storage. Developer interest in building on Solana is also rising, reinforcing the long-term strength of the network.
