In recent years, the Solana price has shown a considerable strength, compared to 8 bullish months with a 4 -month loss. The Memecoin Mania that broke out on the Solana network has increased the trading activity. In addition, Axiom Exchange Pumpfun surpasses the best income-generating protocol on Solana in the past 7 days. Moreover, Solana Dapps collected more than $ 162 million in income in April, resulting in a growing ecosystem.
In the moments when Solana is better than any other chain generating in the income for the first quarter of 2025, will Sol Price exceed the top tokens and demonstrate a gigantic price action in Q2 2025?
Regardless of the obstacles in the short term, the Solana price has retained a strong bullish trend in the long term and flashy solid bullish signals. The price is hard to recover and to enter the rising parallel channel that it had lost during the recent bearish action. In the meantime, the weekly CMF, which has fallen under 0 for the first time since 2023, has caused a bullish divergence and works hard to rise within the bullish range.
On the other hand, the MACD also supports a bullish story, where the indicator shows a decrease in sales pressure and the levels on the way to a bullish crossover. That is why the Solana price is expected to consolidate around $ 145 for a while, because the weekly volume has fallen considerably. As soon as the volume breaks out, the Solana price is expected to be revived a strong revival and the channel that can help further achieve higher goals, probably at $ 200.