Based on the technical analysis and expert forecasts mentioned in the research results, here is an assessment of Solana's (SOL) price trajectory this week:
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### **1. Factors Supporting Solana's Rise Above $134**
- **Short-Term Bullish Technical Structure**: Analyses indicate a temporary bullish structure on hourly (1H and 4H) frames, with a possibility of targeting **$134** if the price breaks resistance at **$124.20**, and it may extend to **$142** if **$134.63** is broken.
- **Increased Network Activity**: The number of active users on the Solana network has recently increased by 12%, enhancing liquidity and revenue, a factor that may support upward momentum.
- **Meme Coin Support**: Solana is a preferred platform for launching meme coins due to its speed and low cost, increasing the demand for SOL to cover transaction fees.
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### **2. Challenges that may keep the price around $134**
- **Strong Resistance at $134.63**: This area is considered a selling point for institutions, and SOL may struggle to surpass it without high trading volume.
- **Conflicting Technical Indicators**:
- **RSI (Relative Strength Index)** at 51.75, indicating a balance between buyers and sellers.
- **MACD** shows a short-term bearish crossover, which may indicate temporary selling pressure.
- **Critical Support Levels**: If the price fails to hold **$126**, it could retreat to **$118** or lower, especially with decreasing trading volume.
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### **3. Possible Scenarios for This Week**
- **Bullish Scenario**:
- **Activation**: Break above **$124.20** with a close above **$130**.
- **Targets**: **$134** (Major Resistance), then **$142**.
- **Support**: **$126** as a strong demand zone.
- **Bearish Scenario**:
- **Activation**: Breakdown below **$115** with a failed test of **$117**.
- **Targets**: **$112**, then **$105**.
- **Stop Loss**: Above **$121.80**.
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### **4. Medium-Term Expert Predictions**
- **2025**: Some analyses predict SOL reaching a maximum of **$238**, with an average of **$215**, but this depends on market stability and technology adoption.
- **Short-Term Fluctuation**: SOL may see volatility between **$93** and **$234** during April 2025, reflecting market sensitivity to news and politics.
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### **Investment Recommendation**
- **For Day Traders**: **Scalping** opportunities between **$129** and **$134** while monitoring trading volume.
- **For Long-Term Investors**: Buy at **$126** or lower, in preparation for a potential upward wave towards **$150** later.
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### **Summary**
Solana is likely to **fluctuate around $134** this week due to strong resistance at this level, with limited upside potential if broken. It is advised to closely monitor volume indicators and price movement around **$124** and **$134** to determine the short-term trend.
