Solana Price Forecast: SOL May Rise 50% Amid Rising Memecoin Activity
$100.62
Key Points:
- SOL’s daily bull pennant points to a potential breakout toward $150, roughly 45%-50% above current levels.
- Solana is holding above key short- and medium-term EMAs, keeping the broader recovery structure intact.
- Pump.fun activity has rebounded sharply, with Q3 revenue already surpassing Q2 and token launches accelerating across Solana.
Solana (SOL) could rally toward $150 in the coming weeks as a bullish continuation pattern develops on its daily chart alongside a sharp revival in memecoin activity across the network.
SOL Bull Pennant Points to $150
SOL was trading near $100.64 on Sept. 15, following a strong recovery from roughly $74 in mid-August.
Bull pennants typically emerge after sharp price advances and indicate that traders are taking profits while the broader uptrend remains intact.
A decisive daily close above the pennant’s upper trendline, currently near $103-$105, could confirm the breakout. Adding the height of the preceding rally to the breakout point produces a technical target near $150, representing approximately 45%-50% upside from current levels.
SOL is also holding slightly above its 20-day exponential moving average (20-day EMA, green) near $99.93. Meanwhile, its 50-day (red) and 100-day (purple) EMAs sit lower at approximately $92.70 and $87.78, respectively, reinforcing the broader recovery structure.
Conversely, a sustained break below the $98-$99 area could weaken the pennant setup and expose SOL to its 50-day EMA near $93.
Pump.fun Activity Signals Return of Solana Speculation
The bullish technical setup comes as speculative activity returns to Solana’s memecoin ecosystem.
Pump.fun, one of the network’s largest token-launch platforms, recorded roughly 34,184 new token launches on Sept. 10, representing about 85% of launches across tracked Solana launchpads that day.
The resurgence is also showing up in revenue.
Pump.fun has generated roughly $89 million in gross protocol revenue during the third quarter so far, according to DefiLlama data. That is already exceeding the approximately $79 million recorded throughout Q2.
Daily activity also accelerated in late August, when the platform generated around $2.4 million in fees on Aug. 25, marking its strongest daily performance in nearly a year.
Rising launchpad usage suggests traders are once again willing to deploy capital into high-risk Solana-based assets.
If that speculative demand persists while SOL confirms its bull pennant breakout, the combination could strengthen the case for a move toward the $150 technical target.
About the Author
Yashu Gola is a crypto journalist and analyst with expertise in digital assets, blockchain, and macroeconomics. He provides in-depth market analysis, technical chart patterns, and insights on global economic impacts. His work bridges traditional finance and crypto, offering actionable advice and educational content. Passionate about blockchain's role in finance, he studies behavioral finance to predict memecoin trends.
