Solana is displaying significant price movement, having broken through a key technical pattern. We explore if the price can reach $235 and what obstacles may arise along the way.
Solana: The Bullish Pattern Changing Everything
As Blackrock adopts Solana for its blockchain fund BUILD, the SOL cryptocurrency broke a 'falling wedge' pattern since March 19, 2025. This graphical pattern shows a gradual descent of the price within a narrowing channel, leading to a bullish explosion. This breakout is a strong signal indicating that sellers have lost control, and buyers are taking over. From this point, Solana continues to rise.
The Goal: $235 by the End of April?
According to this technical pattern, the price of Solana could theoretically reach the top of the wedge at $235. This is an ambitious target but not unrealistic if the current momentum persists. Technical indicators such as the RSI moving above 50 and the 50-day EMA play a confirmatory role.
Watch Out for the False Start!
If, on the contrary, Solana hits the resistance at $154 and bounces downwards, the euphoria could be short-lived. A pullback would question the bullish trend and could delay the 65% rally. The month of April promises to be very eventful for cryptocurrency investors.
With current developments, Solana may continue ascending to $235 or face temporary challenges. Investors should closely monitor market movements this month.
