Solana’s SOL Token Surges 38% in April 2025, Outperforming Bitcoin and Ethereum
In a remarkable display of bullish momentum, Solana’s SOL token experienced a violent price rally in April 2025, surging 38% over just 10 days. This impressive performance not only solidified SOL’s position as the fifth-largest non-stablecoin cryptocurrency by market capitalization but also significantly outpaced the gains of industry giants Bitcoin and Ethereum during the same period. The rally, which occurred between April 7 and April 10, was driven by a combination of technical factors and growing market optimism, with analysts pointing to a bullish falling wedge pattern that suggested potential for further growth towards the $25 mark.
Solana (SOL) Experiences Violent Price Rally in April 2025
Solana’s SOL token experienced a significant price increase of 38% over 10 days from April 7 to April 10, 2025. This rally made SOL the fifth largest non-stablecoin cryptocurrency by total market capitalization. In comparison, Bitcoin gained 11% and Ethereum only increased by 6% during the same period. The rally in SOL was attributed to several factors, including a bullish falling wedge pattern that suggested a potential move towards $250. The tweet also mentioned that other VC-funded tokens were performing poorly, while SOL was providing substantial gains for investors.
Solana Price Surges Toward $140
The Solana price was one of the few highlights in a generally choppy crypto market over the past week. While most large-cap assets were stuck in a consolidation range, SOL token enjoyed upward bullish momentum. The price kicked off the weekend with a rally toward the $140 level, facing some resistance. On-chain data suggests the Solana price might be wedged between two crucial levels.
MELANIA Plunges to All-Time Low After Insider Sell-Off
MELANIA token’s value has dropped to an all-time low, a staggering 97% down from its all-time high on Trump’s inauguration day. On April 19, on-chain analyst EmberCN reported that wallets tied to the project offloaded nearly 3 million MELANIA tokens in return for approximately 9,009 SOL, valued at around $1.2 million. This transaction is part of a broader pattern where the MELANIA team reportedly moved 7.64 million tokens, worth about $3.21 million, from both liquidity and community wallets in the past three days. The tokens were sold through unilateral liquidity provisions added to the MELANIA/SOL trading pair on Meteora.
Solana SOL Climbed 13% Last Week: What’s Its Next Target?
In the past week, the Solana (SOL) cryptocurrency has gone up by as much as 13%, reclaiming the $118 level and trading around $130. SOL is testing new upper resistance levels and outperforming some of the best cryptocurrencies on the market, including Bitcoin (BTC) and Ethereum (ETH). Despite the recent rally, SOL’s price is down 3.7% since April 2024. BTC has rallied 1.3% in daily charts and 3% in weekly charts, while Ripple’s XRP token has risen 1.7% and 4.7% in the same time frames. Analysts are projecting the next resistance level for SOL amid a larger cryptocurrency market resurgence.
Solana Shows 3 Bullish Signs
Solana [SOL] has seen increased whale accumulation, with wallets holding over 10,000 SOL increasing by 1.53%. This, coupled with DeFi momentum, supports a bullish breakout if the $144 resistance is breached. Additionally, the negative SOL funding rate indicates a short bias, potentially increasing the likelihood of a squeeze-driven rally. SOL currently trades at $139.29, marking a subtle yet promising uptick.
Top 3 Made In USA Coins For The Last Week of April
SOL is bouncing back with strong DEX volume, reclaiming the $130 level and reigniting bullish sentiment. SUI is gaining ecosystem momentum despite price weakness. AERO is under pressure as Base experiments with a new narrative. Solana has reclaimed the top spot in decentralized exchange (DEX) volume, recording $15.65 billion in DEX volume over the last week.
