đ Solana Price Primed for a$SOL Major Breakout as Meme Coin Activity Surges
Solana is showing strong bullish momentum and may soon rally toward the $200 level, according to market analysts.
đč$SOL is trading around $155, up 5%+ in the last 24 hours.
đč Trading volume has surged 37%, reaching $4 billion.
đč Solana meme coins have collectively hit a massive $11 billion market cap, with strong recoveries across the board.
đč Bonk, Dogwifhat, Popcat, Pudgy Penguins, and Fartcoin all gained 20%+ over the past week.
đč Solana DEXs handled over $2 billion in trading volume within 24 hours.
đ Technical Indicators Support a Rally Toward $200â$238
âą$SOL SOL has bounced back after bottoming at $127 in June.
⹠It has moved above the 23.6% Fibonacci retracement level.
⹠A clean Inverse Head & Shoulders pattern has formed.
⹠A Bullish Flag breakout has already been confirmed at $145.
⹠Using the flagpole height, the potential upside target is $238 (a 55% jump).
A breakout above the key resistance at $186 would further validate the bullish move.
However, dropping below $127 would invalidate this bullish outlook.
đŠÂ ETF & Staking Catalyst
A newly launched derivatives-focused Solana ETF with staking features is gaining strong traction on Wall Street.
It recorded over $33 million in trading volume on its first day, showing strong investor interest in future SOL-based products.
đ„Â Conclusion
With rising meme coin activity, increasing trading volume, a successful ETF launch, and strong technical patterns, Solana appears well-positioned for a rally toward $200 and possibly $238 in the near term.
