SOL has broken out of a bullish falling wedge pattern, eyeing a 65% rally toward $235. The jumps appear alongside a rise in memecoin launches across Pump.fun, a Solana-based memecoin launchpad.

A confirmed breakout above the wedge’s resistance could signal a strong bullish reversal. Macro headwinds and Binance's continued reluctance to list PI remain key hurdles for price recovery.