Solana price gained 500% the last time this SOL metric turned bullish
Solana (SOL) price increased by 18% this week, nearing a critical point above the 50-week exponential moving average (EMA), which has historically led to significant price rallies. After dipping below the 50-week EMA in March and briefly falling under $100, SOL has recovered, reclaiming the 100-week and 200-week EMAs. Historical trends show that SOL rallied 515% after consolidating above the 50- and 100-week EMAs in October 2023. The relative strength index (RSI) is currently below 50, similar to previous bullish setups. If the 50-week EMA holds, price targets could reach between $250 and $350 by September 2025. Solana also saw over $165 million bridged from other blockchains in the last month, indicating increased confidence. It recorded the highest decentralized exchange (DEX) volumes at 3.32 billion, holding a 28.99% market share in DeFi activity, positioning it for potential price breakouts.
