
The crypto market is facing turbulence as economic uncertainty in the U.S. triggers a ripple effect across various sectors. Most cryptocurrencies are deep in the red this week, with many posting double-digit losses.
Despite the downturn, investors are turning their attention to Solana, drawn by its potential for a strong rebound. Speculation about a Solana ETF is gaining momentum, raising the question – can SOL hit $300 in April?
Meanwhile, the new Solaxy ($SOLX) project may also benefit from this trend, as it introduces the first-ever Layer-2 solution designed specifically for Solana, making it one of the best crypto presales now.
Let’s check out the details.
Solana has been significantly impacted by ongoing tariff policies under Donald Trump, which have fueled uncertainty about the U.S. economy and even sparked recession concerns for the coming months.
As a result, SOL is currently trading around $124, reflecting a 16% decline this week and a market cap of $63 billion. This marks a nearly 58% drop from its all-time high reached in January.
However, Solana’s future looks promising. Franklin Templeton recently filed for a Solana ETF following its XRP ETF bid, with Bloomberg estimating a 70% chance of SEC approval by October 2025. This suggests that SOL’s potential shouldn’t be dismissed just yet.
Technical indicators also support a possible rebound. Solana is testing resistance at $130-$132, with $145-$150 as the next key level if bullish momentum builds. Strong support sits between $118-$123, aligning with the 100-week SMA – an area analysts consider a potential launchpad.
Meanwhile, the RSI on the daily chart has climbed to 39-41 after dipping below 35 earlier this week, signaling a possible upward move without immediate overbought risks.
Analysts remain optimistic about SOL’s future. BTC Direct projects that Solana could reach $565 by mid-2025 and close the year at $586. That Martini Guy, a widely followed analyst with 676,000 followers, predicts a rebound to $300 by April 2025.
Margex market analysis also suggests that if key strategic developments unfold, SOL could surpass $300 by the end of the year.
With institutional interest growing and technical indicators improving, Solana may see a major breakout in April, making it the perfect timing for investors to buy the dip and stay ahead of the curve.
Solaxy ($SOLX) is a new presale project that could capitalize on Solana’s breakthrough thanks to it being the world’s first Layer-2 solution for this network.
It’s already off to an amazing start despite it being still in its early stages. At the time of writing, the fundraising has managed to reach more than $26 million making it one of the best crypto presales to buy now.
This is all thanks to its new blockchain that is set to solve all occurring problems that Solana users encounter. The traffic is diverted from its mainnet, which blocks congestion from happening, thus allowing for much greater speed and scalability.
Not only that, the transaction costs are now the lowest they have ever been, making it ideal for day trading, especially in the current bear market conditions.
Additionally, this project features multi-chain interoperability that enables Ethereum to be used with Solana – utilizing all the benefits from these efficient and practical networks.
This hype isn’t going unnoticed, as $SOLX is getting widely recognized for its profit potential and innovations.
99Bitcoins, with more than 700,000 subscribers on YouTube, shared its predictions for this project, emphasizing its strong technical foundation and early stage success could position it as one of the best crypto presales to buy now.
Additionally, well-known crypto analyst ClayBro has also covered $SOLX extensively in multiple videos.
He broke down its staking rewards, tokenomics, and potential for long-term growth, explaining how its integration with Solana’s ecosystem could offer traders and investors a unique opportunity to make profits – especially as Solana is set for the upcoming rebound.
Solana’s potential rebound, fueled by ETF speculation and bullish technical indicators, has positioned it as a key focus for investors in April.
As SOL eyes a breakout, Solaxy ($SOLX) stands to benefit as the first Layer-2 solution for the network, offering enhanced speed, scalability, and cost efficiency.
With strong early backing, growing community support, and endorsements from top analysts, it's one of the best crypto presales to buy now.
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