- SOL surged 16%, breaking key $129 level, signaling potential market support.
- Increased liquidity and trading volume show rising investor confidence in Solana’s ecosystem.
- Memecoins and key buy signals suggest Solana may experience significant price movement ahead.
Solana — SOL, seems ready for a breakout after breaching a key price level. Trading volume has jumped 35%, investor activity has shot up. These developments have brought the network back into the spotlight. SOL bounced back by over 16% in just one week after hitting a low of $100 on April 9. This surge in price and renewed interest and liquidity signal that Solana blockchain is ready for more growth.
Solana’s Key Pivot Price Level
The price of SOL was trading around $133.18 at press time . This is a solid 6.27% increase in the past 24 hours. This marks a crucial moment after a strong recovery from that April 9 low. At $129, over 32 million SOL were bought, creating a significant accumulation zone. That makes $129 a key pivot. If the price stays above this level, it could find solid support. But if it falls below $129, that zone could turn into resistance.
Beyond $129, there are two more important levels to watch. One lies at $144.54, where 27.5 million SOL were bought. This price represents around 4.7% of Solana’s total supply. If the price drops below $129, the next major support level would be at $117.99, supported by 18 million SOL. These price points matter because they highlight where market participants have been buying, and that can give insight into where the price might head next.
Liquidity Returns, Confidence Grows
One of the most interesting things happening right now is that liquidity has started returning to the Solana network. Over the past 30 days, more than $120 million has been bridged over from other blockchains. Ethereum leads the way with $41.5 million, followed by Arbitrum with $37.3 million. Other contributors include Base ($16 million) and BNB Chain ($14 million). This is a major change compared to earlier this year when Solana lost $485 million during the LIBRA meme coin controversy in Argentina.
The shift in investor sentiment is hard to ignore. A TD Sequential buy signal appeared twice on Solana’s weekly chart, suggesting that the recent price correction might be nearing its end. Analysts have pointed out that Solana needs to hold above $95 and push through $121 to potentially reach $147. In addition, memecoins on Solana, like POPCAT, FARTCOIN, and BONK, have been gaining traction. This adds to the excitement, as more people are getting involved with the network.
That said, total fees on Solana in April are still lower than they were in January 2025. Even so, the increase in liquidity, the growing investor interest, and positive price movement all point toward a brighter future. As long as Solana stays above those key support levels, it seems like the network is gearing up for something bigger.
