{"id":1679,"date":"2025-05-09T22:00:00","date_gmt":"2025-05-09T22:00:00","guid":{"rendered":"http:\/\/www.thebusinesschain.com\/?p=1679"},"modified":"2025-05-11T04:10:10","modified_gmt":"2025-05-11T04:10:10","slug":"solana-price-gained-500-the-last-time-this-sol-metric-turned-bullish","status":"publish","type":"post","link":"http:\/\/www.thebusinesschain.com\/index.php\/2025\/05\/09\/solana-price-gained-500-the-last-time-this-sol-metric-turned-bullish\/","title":{"rendered":"Solana price gained 500% the last time this SOL metric turned bullish"},"content":{"rendered":"<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"http:\/\/www.thebusinesschain.com\/wp-content\/uploads\/2025\/05\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmI1YjEtZmU3YS03NjdkLWJlNGMtMTc3NGUzMDQ0MmQ5.jpg\" \/><\/p>\n<\/p>\n<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"http:\/\/www.thebusinesschain.com\/wp-content\/uploads\/2025\/05\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmI1YjEtZmU3YS03NjdkLWJlNGMtMTc3NGUzMDQ0MmQ5.jpg\" alt=\"Solana price gained 500% the last time this SOL metric turned bullish\" \/><\/p>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>Solana&#8217;s 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024. <\/p>\n<\/li>\n<li>\n<p>The $120 million in liquidity bridged to Solana reflects growing network confidence.<\/p>\n<\/li>\n<\/ul>\n<p>Solana <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/newsletter-subscriptions\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/newsletter-subscriptions\">(SOL)<\/a> price gained 18% this week, signaling rising bullish momentum. The altcoin is approaching a pivotal point, with a potential close above the 50-week exponential moving average (EMA), a level that has historically catalyzed significant rallies. <\/p>\n<p>In March, SOL dipped below the 50-week EMA and briefly dropped under $100 on April 7. Since then, Solana has staged a strong recovery, reclaiming key EMA levels (100W and 200W), with the 50-week EMA (blue line) now in focus. <\/p>\n<figure><img decoding=\"async\" alt=\"Solana price gained 500% the last time this SOL metric turned bullish\" src=\"http:\/\/www.thebusinesschain.com\/wp-content\/uploads\/2025\/05\/0196b5ca-0a59-7930-9dc2-576083844f42-scaled.jpg\" title=\"\" \/><figcaption style=\"text-align: center\"><em>Solana 1-week chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<p>Historical patterns reinforce a bullish outlook. In October 2023, SOL breached the 50- and 100-week EMAs, consolidating above these levels before rallying 515% by March 2024. <\/p>\n<p>Notably, the relative strength index (RSI) was below 50 during both periods, mirroring the current setup, with the indicator rebounding above 50 after the 50-week EMA flipped to support. If the 50-week moving average holds, the price targets for SOL could be between $250 and $350 by September 2025.<\/p>\n<figure><img decoding=\"async\" alt=\"Solana price gained 500% the last time this SOL metric turned bullish\" src=\"http:\/\/www.thebusinesschain.com\/wp-content\/uploads\/2025\/05\/0196b5cd-0e57-75e9-a927-f953ac6bea1e-scaled.jpg\" title=\"\" \/><figcaption style=\"text-align: center\"><em>Solana 1-day chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<p>The daily chart bolsters this narrative. Solana recently closed above the 200-day EMA, with immediate resistance at $180. A break above this level in the coming weeks and turning the range into a support level could potentially ignite a parabolic rally by Q3 2025.<\/p>\n<p><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/solana-no-convincing-signs-besting-ethereum-memecoin-bias\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/solana-no-convincing-signs-besting-ethereum-memecoin-bias\"><em><strong>Related: Solana lacks &lsquo;convincing signs&rsquo; of besting Ethereum: Sygnum<\/strong><\/em><\/a><\/p>\n<h2>Users bridge $165 million to Solana<\/h2>\n<p>In the last 30 days, over $165 million in liquidity <a data-ct-non-breakable=\"null\" href=\"https:\/\/app.debridge.finance\/analytics?start=10-04-2025&amp;end=09-05-2025\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/app.debridge.finance\/analytics?start=10-04-2025&amp;end=09-05-2025\">has been bridged to Solana<\/a> from other blockchains, reflecting growing confidence in the network. Ethereum led with $80.4 million in transfers, followed by Arbitrum with $44 million, per Debridge data. Base, BNB Chain, and Sonic contributed $20 million, $8 million, and $6 million, respectively. <\/p>\n<figure><img decoding=\"async\" alt=\"Markets, Price Analysis, Market Analysis, Altcoin Watch, Solana, Ethereum Price\" src=\"http:\/\/www.thebusinesschain.com\/wp-content\/uploads\/2025\/05\/0196b60a-696a-7d82-b4fe-0c0d74b9aaad-scaled.jpg\" title=\"\" \/><figcaption style=\"text-align: center\"><em>Total transferred amount from other chains to Solana. Source: debridge<\/em><\/figcaption><\/figure>\n<p>Similarly, data from DefiLlama <a data-ct-non-breakable=\"null\" href=\"https:\/\/defillama.com\/dexs\/chains\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/defillama.com\/dexs\/chains\">indicates<\/a> that Solana posted the highest decentralized exchange (DEX) volumes, 3.32 billion, over the past 24 hours. The network currently holds 28.99% of the market share among other chains.<\/p>\n<p>With a 28.99% market share among competing chains, Solana&rsquo;s dominance in DeFi activity highlights its scalability and user adoption. <\/p>\n<p>Currently, substantial liquidity inflows and strong DEX volumes position Solana for a sustained price breakout. <\/p>\n<p><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/chance-of-bitcoin-price-highs-above-110-k-in-may-increasing-here-s-why\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/chance-of-bitcoin-price-highs-above-110-k-in-may-increasing-here-s-why\"><em><strong>Related: Chance of Bitcoin price highs above $110K in May increasing &mdash; Here&rsquo;s why<\/strong><\/em><\/a><\/p>\n<p class=\"post-content__disclaimer\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways: Solana&#8217;s 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024. The $120 million in liquidity<\/p>\n<p class=\"more-link\"><a href=\"http:\/\/www.thebusinesschain.com\/index.php\/2025\/05\/09\/solana-price-gained-500-the-last-time-this-sol-metric-turned-bullish\/\" class=\"readmore\">Continue reading<svg class=\"icon icon-arrow-right\" aria-hidden=\"true\" role=\"img\"> <use href=\"#icon-arrow-right\" xlink:href=\"#icon-arrow-right\"><\/use> <\/svg><span class=\"screen-reader-text\">Solana price gained 500% the last time this SOL metric turned bullish<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-1679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis"],"_links":{"self":[{"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/posts\/1679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/comments?post=1679"}],"version-history":[{"count":3,"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/posts\/1679\/revisions"}],"predecessor-version":[{"id":1686,"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/posts\/1679\/revisions\/1686"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/media\/1681"}],"wp:attachment":[{"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/media?parent=1679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/categories?post=1679"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thebusinesschain.com\/index.php\/wp-json\/wp\/v2\/tags?post=1679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}