Solana (SOL) Eyes Rally After Crossing Key Moving Average
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Solana (SOL) has shown a strong comeback with a 13% rally, currently trading at $152. This upward trend, beginning on July 12, has pushed SOL above its 50-day SMA and 20-day EMA, indicating a possible shift to bullish market sentiment. The recent buying activity spike, confirmed by a Relative Strength Index (RSI) of 59.26, suggests buying pressure is surpassing selling. Market optimism about a potential Solana ETF launch contributes to this bullish outlook. Indicators like the Elder-Ray Index and Awesome Oscillator further confirm that bulls have control over SOL’s market, potentially driving its price past $153 if the trend continues, or falling to $146 if it reverses.
Fonte: beincrypto.com ↗
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