#AltcoinSeasonLoading

The 15% increase in Solana and its potential close above the 50-week EMA signal a strong bullish momentum, which previously led to a rally of 515% in 2024.

The 120 million dollars in liquidity transferred to Solana reflect a growing confidence in the network.

The price of Solana (SOL) gained 18% this week, indicating increasing bullish momentum. The altcoin is approaching a crucial point, with a possible close above the 50-week exponential moving average (EMA), a level that has historically catalyzed significant rallies.

In March, SOL fell below the 50-week EMA and briefly dropped below 100 dollars on April 7. Since then, Solana has staged a strong recovery, regaining key EMA levels (100W and 200W), with the 50-week EMA (blue line) now in focus.