{"id":27044,"date":"2025-05-15T19:32:08","date_gmt":"2025-05-15T19:32:08","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27044"},"modified":"2025-05-15T19:32:08","modified_gmt":"2025-05-15T19:32:08","slug":"solana-network-activity-surge-and-megaphone-chart-pattern-set-210-sol-price-target","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27044","title":{"rendered":"Solana network activity surge and \u2018megaphone\u2019 chart pattern set $210 SOL price target"},"content":{"rendered":"<div>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5Njg3NDItYTQ4OC03OWEwLTlhNmYtMDFjZDQ5ZTJlMGUz.jpg\"><\/p>\n<\/p>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5Njg3NDItYTQ4OC03OWEwLTlhNmYtMDFjZDQ5ZTJlMGUz.jpg\" alt=\"Solana network activity surge and \u2018megaphone\u2019 chart pattern set $210 SOL price target\"><\/p>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>Solana formed a megaphone chart pattern with a potential $210 price target. <\/p>\n<\/li>\n<li>\n<p>Solana\u2019s ecosystem growth highlights renewed investor interest with a $4 billion realized cap increase and 731 million transactions.<\/p>\n<\/li>\n<\/ul>\n<p>Solana <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/solana-price-index\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/solana-price-index\">(SOL) <\/a>price tested its key resistance at $180 earlier this week, but the altcoin failed to establish a position above the level. Over the past few days, SOL has consolidated above the $170 mark, but prices have dropped 5.65% since May 14.<\/p>\n<p>Including the recent minor dip, Solana has formed a megaphone pattern on the 4-hour chart, a classic technical setup indicating increasing volatility. <\/p>\n<figure><img decoding=\"async\" alt=\"Markets, Price Analysis, Decentralized Exchange, Market Analysis, Altcoin Watch, Solana\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196d4e5-6b70-7925-b6b3-727fdd28211e\" title=\"\"><figcaption style=\"text-align: center;\"><em>Solana 4-hour chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<p>The chart illustrates that the megaphone\u2019s upper resistance trendline sits near $185, aligning with immediate resistance at $180. A confirmed breakout above this level could propel SOL toward the pattern\u2019s first target at $210, calculated by measuring the widest part of the pattern and projecting it upward from the breakout point. <\/p>\n<p>If momentum is sustained, the next target will be $210, representing a 21% rally from current prices. A break above $200 would also trigger a psychological level that could attract further buying pressure.<\/p>\n<p>However, it is essential to note that a megaphone pattern can also be bearish. Failure to break $180 may lead to a pullback toward the 100-day exponential moving average (EMA) at $161 or the pattern\u2019s lower support near $150. Volume confirmation on the breakout is a key trigger, as low volume could signal a false move, leading to an immediate reversal of the initial directional bias.\u00a0<\/p>\n<p><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/solana-network-and-de-fi-activity-suggest-sol-price-rally-will-continue\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/solana-network-and-de-fi-activity-suggest-sol-price-rally-will-continue\"><em><strong>Related: Solana network and DeFi activity suggest SOL price rally will continue<\/strong><\/em><\/a><\/p>\n<h2>Solana\u2019s $4 billion realized cap growth and 731 million transactions signal momentum<\/h2>\n<p>Solana is experiencing a revival in investor interest, with <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/glassnode\/status\/1922931170691412455\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">Glassnode<\/a> reporting a 4% to 5% rise in 30-day capital inflows, matching XRP\u2019s <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/xrp-price-index\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/xrp-price-index\">(XRP)<\/a> growth. After months of outflows, this trend reversal signals renewed demand in the Solana ecosystem. The realized cap, reflecting a coin\u2019s last transacted value, is up $4 billion to $78.5 billion on May 14, showing SOL\u2019s growing momentum.<\/p>\n<figure><img decoding=\"async\" alt=\"Markets, Price Analysis, Decentralized Exchange, Market Analysis, Altcoin Watch, Solana\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196d50d-9b56-7ed2-afc9-6665096c08d4\" title=\"\"><figcaption style=\"text-align: center;\"><em>Solana realized cap. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p>Data from a Top 7 ICO report further validates Solana\u2019s strong performance, securing its position as the second-ranked blockchain by transactions. Over the past week, Solana <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/top7ico\/status\/1923049281352499416\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/x.com\/top7ico\/status\/1923049281352499416\">processed<\/a> an impressive 731 million transactions, trailing only Hyperliquid\u2019s 1.79 billion. It significantly outperformed Base, which logged 77.1 million transactions, highlighting Solana\u2019s existing advantage and popularity compared to other chains. <\/p>\n<figure><img decoding=\"async\" alt=\"Markets, Price Analysis, Decentralized Exchange, Market Analysis, Altcoin Watch, Solana\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196d50e-7278-77fc-8f57-e3e2868fce45\" title=\"\"><figcaption style=\"text-align: center;\"><em>Top blockchain by number of transactions. Source: X.com<\/em><\/figcaption><\/figure>\n<p><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/spot-bitcoin-etf-inflows-fall-but-btc-whale-activity-points-to-bull-market-acceleration\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/spot-bitcoin-etf-inflows-fall-but-btc-whale-activity-points-to-bull-market-acceleration\"><em><strong>Related: Spot Bitcoin ETF inflows fall, but BTC whale activity points to bull market acceleration<\/strong><\/em><\/a><\/p>\n<p class=\"post-content__disclaimer\" type=\"\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways: Solana formed a megaphone chart pattern with a potential $210 price target. Solana\u2019s ecosystem growth highlights renewed investor interest with a $4 billion realized cap increase and 731 million transactions. Solana (SOL) price tested its key resistance at $180 earlier this week, but the altcoin failed to establish a position above the level. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-27044","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27044"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27044\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}