Solana Smashes Through Critical EMA—Is Another 500% Mega-Rally Incoming?
Solana just bulldozed past a key exponential moving average—the same technical level that preceded its last parabolic surge. Traders are now eyeing charts with a dangerous mix of greed and deja vu.
Technical breakout or trap? The blockchain—once left for dead after its 2022 FTX implosion—has defied skeptics before. But repeating a 5x moonshot would require dodging the SEC’s regulatory shiv and Ethereum’s scaling improvements.
Meanwhile, crypto bros are already calculating Lambo down payments. Because nothing screams ’sound investment strategy’ like extrapolating past performance on a logarithmic chart.
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
