Solana Price Surge!!!

Solana went up to 125 on Saturday, rising more than 30% from its lowest point this year, with its market cap exceeding 64 billion. This recovery is partly due to some tokens in its ecosystem performing more then 81% fart coin, popcat.

Other strong Solana tokens include Gigachat, Goatseus Maximus, Fartboy, and Vine. Their growth helped increase the total market cap of all Solana meme coins to over 7.02 billion.

Bitcoin recovering, stocks up after a crazy week in the markets. Solana's decentralized exchange network is also doing well, with protocols handling over 14 billion in the last week and 46 billion in the last thirty days. Most of this activity was in Orca, Raydium, and Pump.

Nansen data shows that Solana processed over 350 million transactions in the last week, making it one of the busiest chains in crypto, with an 8% increase from the previous week. Active addresses grew by 15% to over 28.13 million.

Technical indicators suggest that SOL price could rise again after forming a falling wedge pattern. This pattern has two downward and converging trendlines, which is usually a sign of a bullish reversal.

The lines came together at an important support level that it has stayed above several times since last year. The Relative Strength Index and MACD indicators have also continued to rise this week.

So, the coin is likely to see a strong upward move. The next key level to watch is 150, which is 20% higher than the current level. A drop below the important support at 110 would change this positive outlook.

#CPI&JoblessClaimsWatch #TariffsPause #MarketRebound #solana #solonapumping $SOL