Solana (SOL) price surged 50% from the $100 demand zone, peaking near $152 this week. This rebound was preceded by a falling wedge breakout noted by chartist Lucky and supported by positive technical and on-chain signals.
The rise also led to more than $20 million in liquidated shorts, associated with the popularity of meme coins, and against the backdrop of legal issues in Solana’s decentralized exchange market. Currently, analysts have set upside targets at $180, $205, $263, and $296 for Solana price.
Analyst Identified Key Falling Wedge Breakout
Crypto analyst Lucky identified a falling wedge pattern that had compressed Solana price action since late 2024. This pattern, typically a bullish reversal signal, broke upward around $100 and was followed by strong price momentum. Within days, the altcoin breached $150, signaling trend confirmation.
Source: Lucky, X
Lucky’s roadmap, published April 23, showed a short-term target of $180 and outlined higher projections at
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