Solana (SOL) price gains 18% this week, signaling rising bullish momentum

Solana's 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024.

Solana's (SOL) price has risen 18% in the past week, suggesting strong bullish momentum. The altcoin is approaching a pivotal point—a potential close above the 50-week exponential moving average (EMA) could spark a significant rally, similar to the 515% surge observed in 2024.

Solana dipped below the 50-week EMA and briefly touched the $100 support in early April. Afterwards, Solana bounced strongly, reclaiming the 100W and 200W EMA levels. Now, the 50-week EMA (blue line) is the next key level to watch.

Historical patterns indicate a bullish outlook. In October, SOL broke through the 50- and 100-week EMAs and remained above these levels before surging 515% by March 2024. Notably, the relative strength index (RSI) was below 50 during both periods.

Currently, the RSI is rebounding above 50 after the 50-week EMA flipped to provide support. If the 50-week moving average holds, the price targets for SOL could be between $250 and $350 by September 2025.

The daily chart shows that Solana recently closed above the 200-day EMA, with immediate resistance at $180. A break above this level and turning the range into a support level could potentially ignite a parabolic rally by Q3 2025.

The post Key levels to watch as Solana sparks 15% surge and potential new rally emerges first appeared on AMASALA.

As Solana (SOL) continues to heat up, the latest data from blockchain analytics firm Glassnode reveals a substantial amount of liquidity has been bridged to the network.

Within the last 30 days, more than $165 million in liquidity has been bridged to Solana from other blockchains, reflecting growing confidence in the network. Ethereum led the way with $80.4 million in transfers, followed by Arbitrum at $44 million, according to Debridge data. Base, BNB Chain, and Sonic contributed $20 million, $8 million, and $6 million, respectively.

Similarly, data from DefiLlama indicates that Solana posted the highest decentralized exchange (DEX) volumes, 3.32 billion, over the past 24 hours. The network currently holds a 28.99% market share among other chains.

With a 28.99% market share among competing chains, Solana's dominance in DeFi activity highlights its scalability and user adoption.

Currently, substantial liquidity inflows and strong DEX volumes position Solana for a sustained price breakout.