Solana Defies Market Trends with 10% Rally Amid Fed Rate Cut Expectations
As the broader cryptocurrency market struggles with uncertainty and negative year-to-date returns for major altcoins, Solana (SOL) has emerged as a standout performer. Over the past 10 days, SOL has steadily climbed, consolidating around $135. Analysts suggest that the U.S. Federal Reserve’s anticipated interest rate cuts in 2025 could further bolster SOL’s upward momentum. With traders predicting three to four quarter-point rate reductions next year, Solana’s price forecast remains optimistic despite the prevailing market sentiment.
Solana Could End Crypto Market Limbo with 10% Rally
Amid crypto market uncertainty and negative year-to-date returns for top altcoins, Solana (SOL) has bucked the trend with a steady climb in the past 10 days. SOL is consolidating around $135 and could receive a boost from the U.S. Federal Reserve’s decision to reduce interest rates soon. Traders expect three to four quarter percentage point cuts in 2025. SOL’s price forecast remains positive despite the overall market sentiment.
Solana Faces Correction: Key Support at $118 and $109 Levels
Solana’s price could dip to $109 before resuming its upward trend. The support around $118-$109 is crucial for Solana’s short-term movement. On April 18, 2025, SOL traded at $134.71, with the chart indicating the odds of retracement toward $118-$109. This level will be important in establishing a higher low in the present market structure, providing an opportunity for traders to enter and ride the mid-term wave up. The technical structure on the chart shows that a bullish continuation is possible after this correction.
Solana (SOL) Bullish Momentum Accelerates
Solana breaks out of consolidation, approaching key resistance at $145 with over 40% monthly gains. Whale and institutional activity spikes, including Galaxy Digital’s $79M stake, highlighting long-term confidence in the network. Traders remain cautious, with mixed signals in derivatives markets, focusing on whether SOL can decisively close above $145 for a push toward $180. Solana’s market momentum is accelerating, driven by impressive on-chain activity, growing staking interest, and the involvement of deep-pocketed whales. As of the latest data, SOL is trading at $140.97.
Solana NFT Project Aims to Buy Nuclear Bunker
A new Solana-based NFT project called Meatbags aims to purchase a Cold War-era nuclear bunker in Rutland, England. The project plans to sell 100,000 Billionaire Bunker Club NFTs at $14 each to raise $1.4 million. NFT holders will form a DAO to vote on the property’s use. The bunker sits on 1.4 acres and includes a former reservoir, built in 1960 for the British Royal Observer Corps (ROC). This follows the failed attempt by ConstitutionDAO to buy a copy of the U.S. Constitution.
Solana (SOL) Market Recovery: Targeting $169.81
Solana is gaining bullish momentum as the crypto market recovers. Supported by rising volume and trader interest, SOL is showing positive momentum. A strong buy signal on the 4-hour chart, backed by key indicators like RSI, Fibonacci, moving averages, and Ichimoku, suggests further growth. While short-term stability holds, long-term charts indicate continued growth, making Solana a top altcoin to watch. At present, Solana is trading at $139.14 with a 24-hour trading volume of $6.01B and a market cap of $71.88B.
