SOL Price Breakout Alert: 30% Surge Possible as Huma Finance 2.0 Launch Expands Solana DeFi Access

Solana (SOL) is back in the spotlight as it teases a breakout from a falling wedge, a classic bullish pattern that often signals a shift in momentum. At the moment, SOL is trading around $114.46, cooling off slightly after a strong 8% rally the previous day. That uptick followed a wave of optimism across global markets after US President Donald Trump temporarily paused reciprocal tariffs, easing some of the pressure on investor sentiment. Adding to the momentum is the launch of Huma Finance 2.0, a new Solana DeFi project that’s bringing fresh innovation to its ecosystem.

Huma Finance 2.0 Launches on Solana

Huma Finance 2.0 joining the network is a big win for the Solana DeFi landscape. The protocol delivers something the space often promises but rarely delivers: real, stable, double-digit yields backed by actual payment financing. And the best part? It’s accessible to everyday users thanks to a permissionless, regulation-friendly setup. With flexible earning options, like classic and maxi modes, plus lock-up features for boosted rewards, Huma is widening the door for retail participation. With partners like Jupiter, Kamino, and RateX already on board, the platform is set to bridge real-world finance with on-chain accessibility.

Macro Factors May Temper Bullish Hopes

Even with technicals leaning bullish, the bigger picture isn’t entirely clear-cut. The 90-day tariff pause helped, but many investors are still playing it safe as they wait to see how US policy unfolds. On the charts, the RSI is hovering around 42, suggesting there’s potential for a move up, but we’re not there just yet. A breakout will need strong volume and follow-through above key moving averages to stick. With all that in mind, let’s break down the current SOL price structure and see what the indicators are telling us next.

Chart 1, Analyzed by CryptoFXStreet, published on April 10th, 2025

SOL Price Action Analysis of April 10, 2025

The SOL Price on the 5-minute chart started trading within a tight range between $102 and $109 for most of the early session, showing minimal volatility and forming a well-defined consolidation zone. This phase was marked by repeated RSI oscillations between oversold and overbought levels, suggesting indecision among traders. The MACD also presented alternating golden and death crosses during this range-bound action, indicating short-term price fluctuations without a clear direction. Around 17:00, SOL experienced a sudden breakout above the range, surging sharply with increased volume. This spike propelled the price toward a new high near the $121 resistance level, indicating a strong bullish momentum triggered by a likely influx of buyers.

Chart 2, Analyzed by Alokkp0608, published on April 10th, 2025

Following the spike, the RSI entered overbought territory multiple times while the MACD showed a prominent bullish crossover, confirming the upward drive. However, after testing the resistance zone, the momentum began to weaken. A series of death crosses appeared on the MACD as bearish pressure increased. Simultaneously, RSI readings dropped below 50, and SOL gradually retraced to the $113 zone. Despite occasional recovery attempts, the price continued its descent in a stair-step fashion. The current price sits above the support range between $103 and $105, which may act as a buffer against further downside.

Will Solana’s Bulls Step Up or Sit Back?

Solana made a strong move earlier, boosted by Huma Finance 2.0 and a burst of market optimism, but now it’s all about follow-through. The price spike looked promising, but fading momentum, a cooling RSI, and those MACD death crosses suggest traders are getting cautious. Right now, SOL is hovering just above a key support zone between $103 and $105. If that level holds and buyers step back in, we could see another push toward $120 and beyond. But without stronger volume and clearer signals, the bulls might just take a breather. Let’s see if Solana can recharge or if another dip is on the way.

The post SOL Price Breakout Alert: 30% Surge Possible as Huma Finance 2.0 Launch Expands Solana DeFi Access appeared first on Coinfomania.