SOL Bulls Target $180 After Meme Coins Drive Price and Volume Up

• SOL jumps 20% in 24H as BONK and WIF lead a meme coin rally on Solana.
• Solana TVL rises $500M; DEX volume hits $2.94B, highest since March.
• SOL breaks $147 resistance, eyes $180 with bullish technical setup.

Solana has registered fresh gains after increased trading activity among meme coins on its blockchain. The price of SOL climbed over 20% in the past 24 hours, reaching its highest level in nearly two months. 

Solana Price Climbs as Meme Coin Activity Surges

This performance is closely tied to the growing interest in Solana-based meme tokens, many of which have surged significantly. BONK and dogwifhat (WIF) are among the top performers, with each recording more than 20% gains.

This increase in meme coin value follows legal developments involving the Meteora decentralized exchange. The exchange faced a class-action lawsuit filed on April 21 for misleading investors about the M3M3 token. Data from CoinGecko shows that the M3M3 meme coin is trading at 98% below its December all-time high.

Plaintiffs in the legal action claimed damages to the tune of more than $69 million due to fraudulent practices and insider trading abuses alongside violations of securities laws. This case has brought new attention to meme tokens created on Solana, with traders actively participating in related markets.

Network Metrics Support Bullish Market Conditions

As meme coins attract new interest, Solana’s network data is also strengthening. The total Value Locked on the Solana blockchain rose by more than $500 million over two days, according to DeFiLlama. The increase in TVL shows rising confidence among users and liquidity providers.

At the same time, decentralized exchange volumes on Solana reached $2.94 billion, their highest level since early March.

These developments show a strong correlation between meme coin activity and broader blockchain performance. The uptick in both trading volume and network usage indicates a sustained recovery. Solana appears to be gaining momentum in parallel with the increased exposure to meme token activity and speculation across the network.

Technical Setup Signals Breakout Towards $180

From a technical perspective, Solana has completed a double-bottom pattern on its daily chart. The price moved above the neckline resistance near $147 and has sustained its position above this level. If SOL turns this resistance into support, it will confirm the strength of the ongoing uptrend.

Analysts are watching the $180 level, which represents the next major resistance point. A successful rally to this level would mean a 20 percent gain from current prices. The MACD indicator has crossed the zero line, adding further support to the bullish forecast. As long as buying pressure continues and demand for meme tokens remains high, SOL’s upward momentum may hold.

Solana’s recent performance reflects a blend of increased meme coin demand, network expansion, and favorable technical indicators. With the price holding above key levels and volume rising sharply, SOL appears to be on track for a potential test of $180. As blockchain activity grows, bulls remain optimistic about the short-term outlook.