Solana Countdown to April 10 — Will Bullish Momentum Push SOL to $220?

The crypto market has been volatile during these months, but Solana (SOL) has not been resistant to overall market sentiments. After the U.S. president announced new tariffs, Solana’s price fell 5% in 24 hours. The drop was consistent with the general market decline. The majority of cryptocurrencies dropped between 3% and 4% of their value. Regardless of the short-term decline, Solana price forecast projections are still optimistic. Analysts believe Solana might bounce back and hit the $220 target before April 10th.

Market Volatility and Solana’s Resilience

Solana was on an upward trend before the recent market disruption. However, after the tariff announcement, the Solana price forecast shifted as the price fell below the $145 mark.  Analysts are optimistic about Solana’s future since the SOL market analysis shows the potential for a bullish rebound. Growing network adoption, strong transaction volumes, and Solana’s ongoing growth are the major contributing factors to this positive outlook. Active addresses and transaction volumes on the network remain strong, reinforcing the case for an eventual rebound.

Solana Technical Analysis: Resistance and Support Levels

Solana is now consolidating between key support and resistance levels. The SOL market analysis shows Solana has trouble breaking through the $126 resistance level. Nevertheless, the price is remaining in support above the $124 mark, and the level is growing on the hourly chart. The direction of this trend suggests that Solana will extend its horizontal trading as it remains unable to conquer the $126 resistance level.

The most important resistance levels are at $126, $128, and $132. If Solana breaks above $132, a bull breakout might send the price to $142. It could potentially reach as far as the $160-$180 mark by April 2025. This would be in line with the Solana price forecast, which projects a possible spike at $220 before April 10th.

Chart 1– Provided by aayushjindal, published on TradingView, April 1, 2025.

On the other hand, if Solana does not remain at $124, then selling continues, dropping the price as low as $122 and $115. These are levels to be aware of, as if the price sinks below $115, then further bearish pressure and an extended downtrend will ensue.

Despite temporary price fluctuations, Solana’s long-term situation is encouraging. Several reasons exist for the backing, including Solana’s strong ecosystem, increasing developer adoption, and overall decentralized finance (DeFi) sector development.

Solana ETF Speculation and Investor Attitude

Speculation for a possible Solana ETF is behind market speculation and influencing the price action of SOL. If a Solana ETF were sanctioned, it would offer investors a less complex exposure to Solana. This could attract large institutional capital and drive prices higher.

Introducing an ETF for Solana would fuel institutional acceptance and secure the network. It would also help build further bullish momentum. As the ecosystem continues to grow, this development has the potential to be the top driver for further price gains. 

What’s Next for Solana?

The Solana price prediction is suggesting bullish momentum. The future looks upward for Solana, and analysts expect the price to grow to $220 by April 10. A price rebound could be around the corner, based on Solana’s standing in the crypto market and strong catalysts such as a potential Solana ETF.  SOL could experience upward momentum in the coming weeks.