Solana Triggers Long Thesis After Pushing Above $125 – Start Of A Bigger Rally?

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Solana Triggers Long Thesis After Pushing Above $125 – Start Of A Bigger Rally? - NewsBTC

Quick Summary:

Related Reading: Bitcoin Long-Term Holders Show Conviction: 63% Of Supply Hasn’t Moved In A Year Price Holds Above Key Moving Averages: Crucial Resistance Awaits Solana (SOL) is trading at $131 after finally breaking above the 4-hour 200 Moving Average (MA) and Exponential Moving Average (EMA), which sat around $125 and $128, respectively.

Solana is trading above the $125 mark after bulls stepped in with force, reclaiming critical technical levels and bringing some relief to a market that had been dominated by selling pressure.

Solana Surges 40% As Long Thesis Takes Shape Solana has gained over 40% since last Monday, sparking renewed bullish sentiment and opening a debate among analysts and traders: is this the start of a sustained move higher, or will SOL consolidate around current prices?