Solana (SOL) has had a strong week, climbing 18% and now trading around $171. But what’s really catching attention is a familiar market signal that sparked a major rally last year — and it’s showing up again.
The last time Solana broke above a level known as the 50-week EMA (that’s just a way of tracking the average price over time), it didn’t just climb — it exploded, jumping over 500% between October 2023 and March 2024. Now, that same signal is back.
Right now, SOL is close to crossing that same level again. In fact, it dipped below it earlier this year — and even fell under $100 in April — but it’s bounced back strong since then. It’s already reclaimed two important zones, the 100-week and 200-week EMAs, and the 50-week is now within reach. That’s the one traders are watching closely.
If SOL flips this level into support (basically, stays above it), there’s a real shot it could head towards $250–$350 by September 2025. That’s not a random guess — it’s based on how things played out last time under similar conditions.
Another positive sign? The RSI, which measures market strength, was below 50 during the last rally and flipped upwards — the same thing is happening again.
Momentum’s Picking Up
On the daily chart, Solana just closed above its 200-day EMA — another strong signal. The next short-term resistance is at $180. If it breaks that and holds it, there’s a good chance the price could take off again, possibly in the next few months.
Big Money Is Moving In
Over the last month, more than $165 million worth of crypto has been moved (or “bridged“) over to the Solana network from other chains. That’s a huge vote of confidence from users and investors.
Here’s where the money came from:
- Ethereum: $80.4 million
- Arbitrum: $44 million
- Base: $20 million
- BNB Chain: $8 million
- Sonic: $6 million
This kind of inflow doesn’t just happen for no reason. People clearly see potential in Solana right now.
DeFi Volume Is Through the Roof
According to DefiLlama, Solana also topped the charts in decentralized exchange activity, with $3.32 billion in trading volume in the last 24 hours alone. That’s nearly 29% of the entire DEX market. That kind of dominance speaks volumes about how active and scalable the network is becoming.
So what’s the takeaway?
Solana is ticking a lot of bullish boxes — technical charts, fresh money inflow, rising DeFi activity — and it’s all looking a lot like it did before its last big breakout. If the momentum keeps up, don’t be surprised if SOL starts climbing a lot higher in the coming months.
Also Read: Sygnum: Solana Still Lacks Convincing Signs to Beat Ethereum
