Solana Targets 65% Price Jump as Bullish Momentum Builds

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A recovering memecoin sector and the launch of a new DEX are boosting Solana's bullish outlook for the coming weeks.

Solana price looks ready to rise in April based on a classic bullish reversal indicator and signs of renewed appetite for memecoins.

Technicals show 65% SOL price rally in play
As of March 26, SOL’s price had entered the breakout stage of what appears to be a falling wedge pattern.

A falling wedge forms when the price consolidates inside a range defined by two converging, descending trendlines. Meanwhile, the pattern resolves when the price breaks above the upper trendline.

Solana broke above the upper trendline of its falling wedge pattern on March 19 and has since maintained bullish momentum. The breakout has held strong, with SOL continuing to climb in the days that followed.

AIXBT/USDT has crossed all the profit targets and made a great profit of 140%

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