Solana’s Bullish Momentum: Is a 20% Surge Possible This Month?

Solana has shown sustained strength over recent years, boasting eight bullish months compared to just four bearish ones. The memecoin craze surrounding the Solana network continues to drive trading activity. Notably, Axiom exchange has overtaken Pumpfun as the top revenue-generating protocol on Solana in the past seven days. Furthermore, Solana DApps generated over $162 million in revenue during April, indicating a thriving ecosystem. 2025 Q1 saw Solana outpace other chains in revenue generation, prompting questions: will this momentum translate into a price surge and a 20% jump to reach $180 this month? Despite short-term obstacles, the long-term trend remains bullish, with Solana showing strong signals. The recent bearish action has stalled its upward trajectory, but it is now attempting to regain ground within the rising parallel channel, while weekly CMF and MACD indicators suggest a bullish divergence and potential price resurgence. Currently, we can anticipate price consolidation around $145. If volume breaks out, Solana could surge upwards, potentially achieving targets of up to $200.