Solana’s price is hurtling toward the $180 resistance mark at breakneck speed, sparking fresh belief in a breach. This time, investors have their eyes peeled on a textbook cup-and-handle pattern tipped to send SOL to a new all-time high.
Solana Price Targets A Rally Beyond $180 Again
Solana price is making a play to retest the $180 psychological level after previous attempts failed to breach the glass ceiling. According to an X post by pseudonymous cryptocurrency analyst Crypto Virtuous, Solana is approaching the “scary region” again.
The last time Solana price tested the $180 level, prices took a hit and nearly fell below $100. However, after picking itself gingerly in a rally that sees it gain over 20% over the last week, the $180 psychological level is in sight yet again. A push to $180 is on the cards for Solana after DEX volumes surpassed $500 million in 2025.
“This is a scary region but I’m sure we’re breaking this one this time,” said Crypto Virtuous.
The crypto analyst is hinging his belief in Solana price breaching $180 on a classic cup and handle pattern forming on charts. The bullish pattern on the charts is stoking fresh enthusiasm for the Solana price, with Crypto Virtuous predicting a price spurt beyond $180. He argues that if prices breach the resistance formed by the cup’s rim, a big break toward $510 is a real possibility.
Institutional Interest Surges Following A 52% Monthly Price Spurt
According to CoinMarketCap data, the Solana price has spiked by 52% over the last month in a strong show of recovery. SOL’s weekly price performance reflects a similar spike for the asset, garnering 20% over the last seven days.
While daily charts reflect a modest 2% gain, Solana price reached a 24-hour high of $179.62 as bulls tie their bootlaces to retest the $180 psychological level. Amid the impressive price performance over the last week, institutional interest in SOL is heating to a boil.
For starters, SOL Strategies and DeFi Dev Corp have scooped over 200,000 SOL, sending their holdings above 395,000 SOL respectively. Apart from a frenzied accumulation spree, institutions are turning to Solana for enterprise utility, citing its speed and low fees compared to Ethereum.
Robinhood is considering Solana for its ambitious plans to tokenize US stocks for its EU clients. Driven by renewed institutional interest and sky-high retail appetite, Solana’s monthly transaction volume has surged beyond 1.5 billion.
Ethereum co-founder Vitalik Buterin has proposed a five-year plan to simplify Ethereum’s base layer. Titled “Simplifying the L1,” the proposal aims to reduce complexity, lower development costs, and improve security. Inspired by Bitcoin’s clean and minimal design, Buterin suggests setting a cap on the number of code lines in Ethereum’s core protocol. This would help Ethereum become more resilient and easier to maintain over time, ensuring the network stays strong and efficient for the long run.
The post Vitalik Buterin Plans to Streamline Ethereum for a Safer Future appeared first on Coinpedia Fintech News
Ethereum co-founder Vitalik Buterin has proposed a five-year plan to simplify Ethereum’s base layer. Titled “Simplifying the L1,” the proposal aims to reduce complexity, lower development costs, and improve security. Inspired by Bitcoin’s clean and minimal design, Buterin suggests setting a cap on the number of code lines in Ethereum’s core protocol. This would help …
Fartcoin surged 173% in April, becoming the top-performing memecoin with a market cap of $1.14 billion and strong whale-driven activity.
PENGU saw a +136.35% weekly gain, but monthly growth slowed to +102% from 153% on 28th April, with a potential pullback on the horizon.
: Whale purchases of Fartcoin, including a $2.48 million increase, add volatility and bullish sentiment to the token’s rise.
Despite a short-term pullback, PENGU holds a bullish market structure, with support at $0.0100–$0.0110 crucial for continued upward momentum.
PENGU’s volume surged to $1.2B, driven by institutional and retail interest, though high leverage signals potential short-term volatility.
April has proven to be a breakthrough month for memecoins; in addition to their close correlation towards the major cryptocurrencies with their move towards the top on the altcoin charts monthly, Solana-based tokens have taken the top position in April, both with the latest gains and also market money transferred to be staked in them.
Fartcoin (FARTCOIN) has claimed the title of top-performing solana memecoin with +171.42% for the month. It is currently priced at $1.15 and boasts a market cap of $1.14 billion and a 24-hour trading volume of $255.86 million.
On the weekly performance side, Pudgy Penguins (PENGU) managed a +136.35% 7-day increase, moving its price to $0.01203, and it has enjoyed a monthly climb of +102.02%, although it fell from 3rd to 6th in 24 Hours since 28th April in monthly performance rankings of memecoins.
PENGU’s rise has also caused it to outperform TRUMP coin this week, as TRUMP coin rallied 62.42% – but did not cause the same level of traction after the u.s president with an exclusive event for the top 220 TRUMP holders event on May 22 to be hosted in New Jersey.
One of the better coins overall has been Brett (BRETT) which is currently priced at $0.06493 in April and has a month gain of +110.71%, while also experiencing similar week monthly metrics. Finally, Bonk (BONK) has reported a monthly return of +75.25%, while currently priced at around $0.00002019. Bonk currently has a 24-hour trading volume of $382.43 million.
PENGU Coin Price Pulls Back After 260% Rally, Bulls Eye $0.0205 Breakout
PENGU coin has shown impressive bullish strength, rallying over 260% from its base around $0.0040 to a recent high of $0.0144, breaking out from months of consolidation. However, after this sharp rally, the price has pulled back by 2%, currently sitting at $0.0118, near the key short-term support zone of $0.0100–$0.0110. This level is critical as it has acted as both a trendline retest and support, making it a key area to watch for potential price action.
The RSI, now at 75.82, remains above 70, indicating that buyers are still in control, though momentum has cooled. The MACD continues to show a bullish crossover, reinforcing the likelihood of trend continuation. If the price holds above this support zone, we could see a move towards $0.0145, $0.0170, and eventually $0.0205, aligned with the 38.2% Fibonacci retracement level.
A breakout above $0.0205 could pave the way for a mid-term rally toward $0.0256, $0.0343, or even $0.0500 in the next 6–10 weeks, depending on volume and broader market conditions.
Short-term traders should monitor the $0.0100–$0.0110 support zone closely. If this area holds, it could signal a rebound towards higher levels. Long-term traders can maintain a bullish outlook as long as the price stays above the 20 and 50 EMA ($0.0074), which continue to offer dynamic support.
After a 260% surge, PENGU is in a consolidation phase, and if support holds, the next leg higher could come quickly.
Overall, after a 260% surge, PENGU is in a textbook consolidation phase — and if the support holds, the next leg higher could come swiftly.
FARTCOIN (FARTCOIN) Price Eyes Breakout as Handle Formation Nears Completion
FART Coin continues to follow a classic bullish cup and handle pattern on the daily chart. After forming a rounded bottom between early February and mid-April, the price successfully completed the “cup” structure and has since carved out a shallow handle, marked by light consolidation just below the $1.30 resistance level.
Price Action & Structure:
FART is currently trading around $1.12–$1.13, maintaining its structure above the critical $1.00 support zone, which remains the ideal floor for the bullish scenario.
The immediate challenge lies at $1.30, acting as the “handle resistance.” A confirmed breakout above this level would validate the handle breakout and likely trigger a move toward the $1.60–$1.80 resistance targets.
The EMAs (20/50/100/200) continue to fan out in a bullish alignment, with the 20 EMA now well above the longer EMAs, indicating sustained upward momentum
Momentum Indicators:
RSI (14) is currently at ~65.20, slightly up from yesterday’s 66 but still comfortably below the overbought threshold (70). This cooling-off zone supports continued bullish momentum without exhaustion, giving bulls room to push higher.
MACD is showing positive momentum with the MACD line at 0.1355 and signal line at 0.1310, keeping the bullish crossover intact. The histogram, while modest, still reflects positive momentum.
Key Levels to Watch:
Immediate Support: $1.00 → Maintaining this level is crucial for the structure to stay valid.
Breakout Level: $1.30 → A daily candle close above this could confirm the handle breakout.
Upside Targets: $1.60 (Major Resistance) → Followed by $1.80 as the next potential Q2 target.
Downside Risk Zone: If $1.00 fails, watch for a pullback toward the $0.75–$0.73 zone where the 50 EMA also aligns as secondary support.
The post Solana Memecoins FART And PENGU Dominate Meme Coin Market: Can They Sustain the Momentum? appeared first on Coinpedia Fintech News
Key Takeaways: Fartcoin surged 173% in April, becoming the top-performing memecoin with a market cap of $1.14 billion and strong whale-driven activity. PENGU saw a +136.35% weekly gain, but monthly growth slowed to +102% from 153% on 28th April, with a potential pullback on the horizon. : Whale purchases of Fartcoin, including a $2.48 million …
Ethereum (ETH) price is on a bullish path today, May 1, after crossing above $1,850 for the first time in more than three weeks. The gains come amid chatter that ETH may have hit a local bottom, with key on-chain metrics supporting this hypothesis.
ETH value today trades at $1,847 with a modest 2.62% gain in 24 hours. The uptrend coincides with a 60% spike in trading volumes, as the market eagerly awaits whether a breakout above the psychological level of $2,000 will happen next.
ETH/USDT: 4-Hour Chart
Has Ethereum (ETH) Price Bottomed as MVRV Z-Score Spark Speculation?
The Ethereum MVRV Z-Score has plummeted to an extremely oversold region, a move that has historically formed a bottom for this altcoin. Looking at past trends, each time the ETH price entered this zone, it was followed by a notable surge in the price.
For instance, in 2023, the MVRV Z-Score reached a local bottom as ETH plummeted to around $1,500. As soon as this metric flashed an oversold signal, a parabolic rally ensued within three months to above $3,800. In 2020, the Ethereum price surged 5x from around $200 to above $1,000 shortly after this indicator also became oversold.
Ethereum MVRV Z-Score
If the above trend repeats, ETH price may have just found its local bottom within the $1,700 to $1,800 range, and it is now poised to make a bullish reversal.
Delta Growth Rate Signals ETH Recovery
At the same time, the Delta Growth Rate, a metric used to measure the ratio of ETH’s market cap against its realized cap has also plunged to bear market territory. Just like the MVRV Z-Score ratio, whenever this metric turns negative, it suggests that the Ethereum bottom is in, and the price eyes an upward trajectory.
Ethereum Delta Growth Rate
Besides on-chain metrics, analyst sentiment also supports a bullish Ethereum price prediction and the argument that ETH has indeed bottomed. Titan of Crypto noted that ETH’s “monthly RSI is back at the same level where the altcoin has historically bottomed. Merlin the Trader also opines,
“In 2020, Bitcoin consolidated at $8K… Most ignored it. Then it hit $64K. Today, Ethereum is showing the exact same structure. Accumulation. Compression. Explosion loading.”
The combination of these on-chain metrics and analysts’ views supports the argument that the bottom is in, and ETH price may breakout past $2,000 to multi-month highs is possible.
Ethereum Price Analysis as Rally to $3,000 Beckons
As on-chain metrics indicate that the Ethereum price bottom is in, a rally to $3,000 may be on the horizon, and the daily price chart supports the likelihood of this happening in the coming months.
ETH has broken out of a descending parallel channel, indicating that it wants to overcome the downward trend and push higher. A confirmation of this breakout will occur if ETH makes several decisive closes above the upper trendline and overcomes the first resistance level at $2,112.
If Ethereum can flip this first resistance level and also overcome the next hurdle at $2,472, it will be prime for the next run-up towards $3,064.
ETH/USDT: 1-day Chart
Technical indicators support this bullish thesis, with the RSI making higher highs as the CMF maintains levels above 50, indicating that sellers are not overpowering buyers despite market-wide uncertainty. However, this bullish thesis will be invalid if the Ethereum price slips below the mid-line of the descending channel.
