The 15% increase in Solana and its potential closing above the 50-week exponential moving average indicates strong bullish momentum, which previously led to a 515% rise in 2024.

The liquidity of $120 million pumped into Solana reflects growing confidence in the network.

Solana's (SOL) price has risen by 18% this week, indicating increasing 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 triggered significant increases.

In March, Solana's price fell below the 50-week exponential moving average and briefly dropped below $100 on April 7. Since then, Solana has experienced a strong recovery, regaining key EMA levels (100W and 200W), now focusing on the 50-week exponential moving average (the blue line

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