The price of Solana (SOL) is beginning to trend upward again, as renewed buzz around an incoming altcoin rally brings fresh attention to the market.
The price of Solana (SOL) is beginning to trend upward again, as renewed buzz around an incoming altcoin rally brings fresh attention to the market.
After a month marked by volatility, Solana appears to be entering rebound mode.
Latest market data shows SOL has reclaimed the $140 resistance level – its first successful retest of this price point since March 6, when it sharply declined from that zone.
Solana Price Breakout on the Horizon – What’s Next for $SOL?
The outlook for Solana is promising, as key market metrics show a sustained rally is imminent.
According to top market analyst TraderSZ on X, Solana is gearing up for a breakout amid a sustained short-term consolidation.
The analyst shared a chart with his more than 600,000 followers on X, showing Solana’s price knocking on the $130 resistance level.
Based on the projections, should the coin breach this level, TraderSZ said SOL price “will trend”.
@Trader_XO clear the blue box deviation area then I think we trend pic.twitter.com/Qd04x9nUcU
— TraderSZ (@trader1sz) March 22, 2025
The post shared 2 days ago is already in effect, with SOL price now seeing a breakout.
As of this writing, data from CoinMarketCap shows that the coin has skyrocketed by 7.39% to $143.28.
This level is above the analyst’s breakout point of $137.
Source: TradingView
With the current outlook, Solana’s price appears well-positioned to revisit the $180 mark as it works to establish a stronger upward trend.
The Relative Strength Index has rebounded to 52, signaling a mild shift toward bullish momentum within the SOL ecosystem.
Fresh sentiment surrounding PumpSwap – a decentralized exchange tailored for Pump.Fun-associated tokens – may further energize Solana’s ecosystem and support a renewed push in valuation.
Despite facing headwinds in recent months, Pump.Fun has made strides to restore momentum, including the launch of a mobile trading platform aimed at reviving activity in the Solana meme coin market.
Solana Could Gain from the Solaxy Advantage
As a layer-1 blockchain, Solana’s performance tends to accelerate as adoption increases.
Solaxy is positioning itself as the first true Layer-2 solution for Solana, built to address long-standing issues like network congestion, failed transactions, and limited scalability – while enhancing Solana’s core strengths of speed and low transaction fees.
At the center of this next-generation platform is the $SOLX token, which powers the Solaxy ecosystem and facilitates multichain functionality across both Ethereum and Solana.
By bridging Ethereum’s deep liquidity with Solana’s high-speed efficiency, Solaxy opens the door to broader adoption, seamless asset transfers, and a much larger user base.
Source: Solaxy
The $SOLX presale is currently live, giving early supporters the opportunity to purchase tokens at the lowest available price before incremental increases kick in through each stage.
Investors can also stake their tokens during the presale to earn staking rewards of up to 147%, offering a rare chance to maximize upside before the project officially launches.
With its multichain design, performance-driven infrastructure, and growing community traction, Solaxy is emerging as one of the most promising blockchain projects in the Solana ecosystem – and early backers could be well-positioned to benefit from its rise.
To buy SOLX, investors can visit the Solaxy website, connect their wallets (such as Best Wallet), and purchase using SOL, USDC, or a bank card before the presale ends.
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