$SOL
nice view of the green colour.
Trendline Breakout: SOL recently broke above a descending daily trendline, then created a higher high—suggesting a bullish reversal pattern .
Bullish Momentum: Volume spiked ~27% during the breakout, reinforcing the reversal signal .
EMA Crossover: A bullish crossover between the 20‑ and 50‑day EMAs points to upward momentum
TVL Growth: Solana’s on‑chain total value locked has jumped to ~$9.4 billion—a ~54% rise since early April—signaling renewed developer and user activity .
Memecoin Surge: Solana‐based meme tokens added ~$5 billion in market cap since April, reflecting increased on‐chain utilization
Based on projected network growth, SOL could reach ~$593 if it achieved Ethereum’s current market cap—though that's long‑term and theoretical