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Pride, Prejudice, and Pump: Will Solana Dance Past $200 in a Sunbonnet?

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Upon the occasion of Solana’s resounding ascendancy above its counterpart Ethereum (an achievement most distressing to Mr. Vitalik, one presumes), the question stands whether such lively displays of vigour portend an unequivocal advance for dear SOL towards more elevated social standing — say, in the grand ballrooms of $200 and beyond? Or are we merely subject to the kind of hopeful speculation that inspires a lady to believe every dashing newcomer is a marquess?

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SOL bounces back

With an aplomb worthy of a heroine’s second entrance, Solana (SOL) emerges from its recent malaise — the March and April decline being, one suspects, no more than the ill-humours brought on by a brisk turn about the park. As of the 29th of April, SOL attends the market at $148.96, its purse string boasting some $77 billion (the envy of all eligible tokens at the Assembly).

In the week gone by, our gallant asset achieved a high of $153, cheered onwards by the general optimism wafting through the altcoin soiree and a most robust rally in Bitcoin. Should one compare it to a minor slip upon the dance floor, SOL’s 2.5% stumble in the last day is but a trifle, whilst daily trading volume of $3.08 billion suggests the chaperones have much to supervise. 💃

Weekly, Solana has gained nearly 10%, a development that has set more than a few hearts aflutter (Mr. Darcy himself might even take note). Such recovery indicates that the discerning suitors — err, buyers — are drifting back after an extended sulk, their spirits renewed by whispers of better days ahead.

The present market temperament hints at an alteration in the wind. Solana stands, if not quite triumphant, at least with her composure restored, and warrants a closer inspection from all those spectators with a penchant for intrigue and speculation.

What is happening with Solana

Recent exertions in Solana’s favour, far from being the result of mere flirtation, are built upon tangible advancements in the drawing room of decentralized finance. Over the last day, with all the subtlety of Mrs. Bennet at a marriageable prospect, Solana swept up nearly 38% of DEX volume, enjoying $3.39 billion in activity — leaving Ethereum, Base, and even BNB Chain sipping punch on the sidelines.

Nor is this whirlwind romance without foundation: Solana’s network has lately displayed all the decorum of a seasoned debutante. Transaction fees now stand near $0.0025 — down by over 92% since January, rendering it the very soul of economy (an attribute even Lady Catherine de Bourgh might admire, if grudgingly).

Twitter, too, has not been silent, as was observed upon the announcement of 1inch — a DEX aggregator of, shall we say, undisciplined ambition — bringing no fewer than a million Solana-based tokens into its circle, and unleashing:

1 million+ tokens. $7 billion liquidity. The best swap rates.

Unleash @solana with 1inch.

Now live for on-chain swaps.

Start now 🌅 

— 1inch (@1inch) April 29, 2025

This union has, for the first time, introduced 1inch’s “Fusion protocol” — which, unlike Lady Catherine’s embroidery, is purpose-built for action. It offers custom swaps and better pricing thanks to a raucous bidding amongst market makers (scandalously competitive, but so entertaining!). Six new APIs now grace the dance, permitting developers to conspire further mischief atop the polished Solana parquet.

Broader records — the books of Dune Analytics, as it were — proclaim Solana’s recent outperformance: 33% higher DEX volume than Ethereum, 400% more transactions, 180% more active addresses. To say nothing of the arrival of institutional suitors: DeFi Development Corp. (formerly Janover, but surely no relation to any family in Hertfordshire worth mentioning) has already secured $48.2 million worth of SOL, with plans to operate validators and chase staking rewards with the enthusiasm usually reserved for hunting season.

Janover’s stratagem signals an epochal shift. Gone are the days when digital assets were considered tokens fit only for the second sons of minor barons. Now, companies are adding Solana to their balance sheets — in hopes of fortune, if not felicity.

Solana technical analysis 

The very word “technical analysis” would send Mrs. Bennet into a faint, yet here we must persevere. At present, SOL hovers about $148, slightly down on the day, but still basking in the glow of her weekly conquests.

The daily Relative Strength Index reads a most respectable 61.36 — neither in the throes of rhapsody nor at risk of exhaustion by waltz. Yet, the MACD line and its accomplice, the signal line, hint at bearish intrigues afoot, suggesting the next few dances may bear watching. 📉

Moving averages, the footmen of this tale, place the 50-day SMA at $131 (encouragingly supportive) and the 200-day SMA at a lofty $181 (the older aunt whose approval is required for any match). The gap between shorter and longer-term averages underscores a ball in mid-crescendo, but with much yet to prove before matrimony — or a true break above resistance — is achieved.

Shorter charts reveal a bullish flag near $145, the kind that raises expectations (and hackles). Should SOL break above $150 with all the authority of a well-timed proposal, the next port of call could very well be $160. On the weekly, a bullish engulfing pattern has made its presence known, and every old dowager present will surely whisper about the “unmistakeable signs” of imminent fortune.

Should this courtship proceed as gossip suggests, $160 is the next logical rendezvous. Given continued encouragement and agreeable conditions, a more substantial pairing with $180–$205 is not wholly out of the question.

Solana price prediction

Now, the parlour game of predictions! While patterns may suggest a dance—or dare we say, a proposal—between Solana and higher fortunes, the most circumspect among us recall how frequently young hopes have been dashed.

Ali Charts, a notable fortune-teller, spies a “cup and handle” pattern across the lands from 2022 to early 2024 — a forecast that, if true, could have Mr. Wickham himself abandoning his schemes for a piece of Solana.

Zooming out, #Solana $SOL appears to form a textbook-perfect cup and handle pattern!

— Ali (@ali_charts) April 28, 2025

Classic tradition would have us believe that, once Solana skips past resistance between $195 and $200 (with the usual drama), her destination could be as high as $392. Some overly optimistic relations even whisper of $600, or $3,300 — territory so fanciful it might make Lady Lucas blush.

Meanwhile, the short-term suitors are more reserved (perhaps whipped into caution by previous heartbreaks). CoinCodex proposes Solana linger near $150.77 over the week, then, in true Austenian fashion, retrace to $139.56 or even $137.51 within the next quarter. DigitalCoinPrice, that perennial optimist, expects an average of $293.91 in 2025, $521.54 by 2027, and $794.91 in 2030 — making it the Mr. Bingley of forecasts.

As the wise amongst us know, such liaisons with destiny are always subject to the caprice of the market. The crypto ballroom is a notoriously mercurial one: fortunes won today may be lost tomorrow, sometimes before one’s punch glass is half-empty. 👀

To every would-be investor: engage in the sport only with what you can bear to forfeit. After all, a token — like a young lady’s reputation — is perilously easy to lose.

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2025-04-29 16:14

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