Main takeout:
It was closer to Solana’s 15% surge and 50 -week EMA signal, and previously led 515% rally in 2024.
$ 120 million in liquidity that corresponds to Solana reflects the increase in network trust.
Solana (SOL) Price rose 18% this week to increase the strength of the strong strength. Altcoin is approaching the pivotal point, and the potential over the 50 -week index moving average (EMA) has promoted historically significant meetings.
In March, SOL fell below the EMA in 50 weeks and fell short to less than $ 100 on April 7. Since then, Solana has recorded a strong recovery and regained its major EMA levels (100W and 200W), and the 50 -week EMA (Blue Line) is focusing.
Historical patterns strengthen optimistic prospects. In October 2023, SOL began to raise this level before collecting 515%by March 2024, violating 50 and 100 weeks EMA.
In particular, the relative strength index (RSI) is less than 50 for two hours, reflecting the current setting and rebounding 50 or more to support the 50 -week EMA. If the 50 -week moving average is maintained, the price target of the SOL can be between $ 250 and $ 350 by September 2025.
Daily charts strengthen this story. Solana has been closed over the last 200 days EMA and the immediate resistance is $ 180. If you go beyond this level in the next few weeks, you can get a parabola rally until the third quarter of 2025.
Related: Solana lacks Besting Ethereum: Sygnum’s ‘Confuccilia Signs’
The user deals with a bridge to Solana for $ 165 million.
Over the last 30 days, more than $ 165 million in other blockchains has been connected to solana, increasing confidence in the network. Ether Lee has led $ 84 million and led $ 44 million ARBITRUM, depending on the Debridge data. Base, BNB Chain and SONIC donated $ 20 million, $ 8 million and $ 6 million, respectively.
Similarly, according to DEFILLAMA’s data, Solana indicates that it has posted 332.33 billion highest distributed exchange (DEX) volume in the last 24 hours. The network currently has 28.99%of other chains.
With 28.99%market share among competitive chains, Solana’s Defi Activity’s dominance emphasizes the adoption of expansion and users.
Currently, the actual fluid inflow and powerful dex volume position Solana for continuous price escape.
Related: May increases in May with more than $ 110K price of Bitcoin.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.