A recovering memecoin sector and the launch of a new DEX are boosting Solana’s bullish outlook for the coming weeks.
Solana (SOL) price looks ready to rise in April based on a classic bullish reversal indicator and signs of renewed appetite for memecoins.
As of March 26, SOL’s price had entered the breakout stage of what appears to be a falling wedge pattern.
A falling wedge forms when the price consolidates inside a range defined by two converging, descending trendlines. Meanwhile, the pattern resolves when the price breaks above the upper trendline.
