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Bullish Momentum Builds for Solana (SOL), Eyeing $150 Breakout

Solana (SOL) is gaining traction as rising transaction volumes—driven largely by meme coin activity—continue to energize the network. Currently priced at $134.30, SOL has seen a 6% gain in the last 24 hours and is up 17% over the past week, largely fueled by explosive interest in meme coins like Fartcoin (FART).

The recent announcement from Raydium to launch its own meme token has pushed trading volumes up by 38%, adding further momentum to the Solana ecosystem. This surge has helped SOL break out of a descending triangle, a traditionally bearish pattern, signaling a shift toward bullish sentiment.

Technical indicators support this outlook:

The Relative Strength Index (RSI) has crossed above its signal line.

The MACD histogram has shown consistent upward momentum for the past week.

SOL has moved above its 21-day EMA, further reinforcing bullish bias.

With $135 now acting as support, a run toward $150 seems increasingly likely if current momentum holds.

Raydium’s move to mint its own meme coin underscores rising competition in the space—potentially not great for every project (like Pump), but a net positive for the Solana network as it attracts more creators and users.

Tags: #Solana #SOL #CryptoNews #MemeCoinSeason #CanadaSOLETFLaunch #Raydium #FART $SOL