Summary
- Solana reportedly showed its first major bullish reversal signal on the daily chart as it reclaimed the $180 level.
- A golden cross between the 50-day and 200-day exponential moving averages (EMA) occurred, further enhancing the technical bullish momentum.
- The outlet forecast that as long as the $180 support holds, the bullish trend will strengthen, but if broken, the price could drop to the $157–$168 range.
Solana (SOL) has reportedly shown its first major bullish reversal signal on the daily chart as it recovered the $180 level.
On the 24th (local time), Cointelegraph analyzed, “Solana confirmed its first key bullish reversal signal on the daily chart this week by reclaiming the $180 level. This marks a structural trend reversal identified for the first time since November 2024.”
At the same time, a golden cross formed between the 50-day and 200-day exponential moving averages (EMA), further strengthening the technical bullish momentum. During the last golden cross recorded by Solana from October 2023 to March 2024, the price surged over 730%.
The outlet stated, “If the $180 support is maintained, bullish momentum is likely to strengthen. However, if this support breaks, the price could correct down to the $157–$168 zone.”
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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