News 
April 17, 2025 
3 min. 
During Thursday’s early North American trading hours, the broader altcoin market, with Solana (SOL) at the forefront, moved sideways, mirroring Bitcoin’s (BTC) consolidation trend. Growing investor confidence in gold, driven by rising concerns over the U.S. stock market, has fueled a wave of bullish sentiment across the crypto space.
Solana Gains Fresh Momentum from Coinbase and Robinhood
Solana’s ecosystem has been energized by strategic support from two major players in the crypto space, Coinbase Global Inc. (NASDAQ: COIN) and Robinhood Markets Inc. (NASDAQ: HOOD). With the goal of drawing more users from decentralized finance platforms like Raydium DEX, both companies have rolled out attractive incentives to boost Solana adoption.
On Thursday, Coinbase announced a significant upgrade to its Solana infrastructure, delivering a 5x increase in block processing speed, a 4x improvement in RPC performance, and enhanced stability to optimize the user experience.
At the same time, Robinhood introduced a limited-time offer eliminating network fees on select Solana transactions, effective through June 9, 2025.
Growing Optimism Fuels Bullish Outlook for Solana
Following a remarkable surge over the past two years, driven largely by the growing popularity of its memecoins, Solana (SOL) has gained the trust of many investors eyeing its long-term potential.
Recent data from Binance reveals that over 71% of traders holding open SOL positions are anticipating a bullish breakout in the near future, reflecting rising confidence in Solana’s upward momentum.
Solana (SOL) Eyes Midterm Price Targets
On the weekly chart, Solana (SOL) has maintained a steady climb along a rising logarithmic trendline that began in January 2023, indicating ongoing bullish momentum. Notably, the price has managed to stay above the $126 mark for two consecutive weeks, even as global markets react to ongoing trade war discussions.
Zooming into the 4-hour chart, SOL has already broken free from several downward-sloping logarithmic trendlines formed earlier this year, strengthening the bullish case.
However, on the 1-hour chart, signs of a short-term pullback are emerging. The price is facing strong resistance near $134, and a bearish divergence in the Relative Strength Index (RSI) suggests weakening momentum. This could prompt a brief dip toward the $123 support zone before Solana resumes its upward trajectory toward previous highs.
