Since the fallout from President Trump’s initial tariff announcements on April 7, which marked the beginning of this most recent crypto crash, no major cryptocurrency has rebounded stronger than Solana (SOL) – primed by major Solana news.
According to CoinGecko, on April 7, SOL fell to $97.18. However, it has recovered extremely well over the last ten days, bouncing over 35% back to its current price of around $132.
would be a shame if everyone lost their $SOL gambling
before it pumps to $500… pic.twitter.com/ZMGf5IFvuf
— kropts 👁️ (@kropts) April 16, 2025
Less Momentum On Each SOL Low, Making It Primed For A Breakout
If we zoom out even further on SOL, looking back to the beginning of this year, when the whole crypto market began to crash, the chart paints a very bullish and positive picture.
Since hitting its yearly high of $262 in mid-January, SOL has been on a downtrend ever since, along with the TradFi markets and the wider crypto space. However, one thing to note is how each of the lows is showing less momentum.
The three horizontal black lines pictured below mark each of the last three lows for SOL. They show that these lows have resulted in shorter timeframes from one to the next and also a lower price decrease between each one.
From a technical analysis perspective, this would tell us that momentum is beginning to swing upwards as fewer sellers and more buyers step in to buy these dips.
Another thing of note is that $100 has always been a strong psychological reaction point for SOL. It spent less than three hours under 3-figures before beginning on its +35% rip over the past 10 days.
In conclusion, if the wider markets can begin to stabilize through here , then SOL stands as a prime candidate to make a very good counter-trend move.
DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now
Solana News Today: Raydium Debuts Its Pump.fun Competitor, LaunchLab: Is Solana On-Chain Szn Back
Decentralized exchange and automated market maker (AMM) Raydium has officially launched its Solana meme coin launchpad, LaunchLab, which aims to compete with Pump.fun.
LaunchLab’s arrival yesterday (April 16) comes a month after Pump.fun, previously a key contributor to Raydium’s revenue, severed ties with the firm. It moved its token migration from Raydium’s liquidity pools to its own new decentralized exchange, PumpSwap.
LaunchLab will leverage Raydium’s liquidity pools and aim to dethrone Pump.fun as the leading Solana memecoin launchpad. It is healthy competition for the space as now Solana degens have two individual options for a launchpad and trading DEX.
Right off the bat, Raydium is doing things a little different to Pump.fun. LaunchLab provides customizable bonding curves and no migration fees, while tokens that raise 85 Solana, currently worth $11,240, will instantly migrate to Raydium’s AMM. Raydium said tokens can be launched for free, and creators can opt-in to earn 10% of trading fees from the AMM pool post-graduation.
The introduction of LaunchLab has caused a huge on-chain spike for Solana. DefiLlama shows it is the only blockchain in the green over the past 24-hours. It also leads the 24h DEX Volume metric by a significant margin. With over $2.7 billion, it has nearly $1 billion more volume than Ethereum in second place.
Another notable figure is the 24-hour App Revenue. While the rest of the top 10 chains have amassed a paltry 5-6 figures in revenue, Solana protocols have earned a whopping $6.78 million. This figure is most likely boosted by LaunchLab and also a resurgence in Pump.fun usage as a response to Raydium’s new offering.
Solana’s First Ever Layer-2, Solaxy (SOLX) Surges Past $30m In Presale Funding
Solaxy (SOLX) is targeting a true demand in the market as the only native L2 solution on Solana. While Ethereum is inundated with L2’s, all vying for that number one spot, Solaxy stands alone.
By introducing a sidechain for Solana, SOLX aims to improve its users’ experience. The ultimate goal is for investors to experience fewer failed transactions and enhanced speed while maintaining the low cost and security of Solana’s mainnet.
It comes at a perfect time as Raydium’s LaunchLab and the resurgence of Pump.fun is causing a spike in activity and volume on Solana. Historically, it is at these times when Solana’s capabilities are stretched, often leading to network slowdowns and even full-blown outages.
The SOLX presale offers an opportunity for early positioning. Eager investors have already secured over $30.3 million. It represents a perfect opportunity, especially for those who missed Solana when it was trading under $1 in 2020.
To take part in the presale, visit the official Solaxy website and make a purchase using SOL, ETH, USDT, USDC, BNB, or even a bank card.
You can also connect with a supported crypto wallet like Best Wallet to store and view your SOLX tokens before launch. Via the Best Wallet app, investors can also stake their presale bag for 133% APY with the click of a button.
Follow Solaxy on X and join the growing community on Telegram, to stay up-to date on all things SOLX..
Visit The Solaxy Website To Find Out More
EXPLORE: 20+ Next Crypto to Explode in 2025
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Solana (SOL) has shown the most strength across all major caps since April 7 lows
- SOL is up over 35% since briefly falling under $100 on April 7
- If the market can stabalize from here, SOL looks primed for a huge breakout
- The strength in Solana’s bounce is partly owed to a resurgence in on-chain activity due to Raydium’s Pump.fun competitor, LaunchLab
- Another catalyst for a potential SOL breakout lies in Solaxy (SOLX) It is the first ever L2 solution on Solana and just hit $30m in presale funding.
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