#Solana
Trade Solana now . . bullish sentiments $SOL
๐๐ค๐ก๐๐ฃ๐ ๐๐ง๐๐๐ ๐๐ง๐๐๐๐๐ฉ๐๐ค๐ฃ- 21๐๐๐๐ง๐๐จ ๐ฝ๐๐ฉ๐จ ๐ฝ๐๐ ๐ค๐ฃ ๐๐ค๐ก๐๐ฃ๐ ๐๐ฃ๐จ๐ฉ๐๐๐ ๐๐ ๐๐ฉ๐๐๐ง๐๐ช๐ข ๐ผ๐จ ๐๐๐ ๐๐๐ง๐๐๐ฉ๐จ $300
Solana (SOL) has finally surged above $190 for the first time in five months after its price increased by 5.63% today, July 21. Solana price is now close to moving above the highly anticipated level of $200, and a golden cross might support a rally to this target. The current gains have also drawn a bullish take towards SOL from 21Shares, which believes that it can perform better than Ethereum in terms of network growth.
After struggling for more than five months with minimal gains and a failure to reach its previous record high, SOL price is now at a turning point, whereby traders are waiting to see whether it can create a strong rally as a golden cross approaches.
This signal can be seen between the 50-day EMA and the 200-day EMA, with the former attempting to move above the higher moving average, an action that will indicate the short-term momentum is bullish and will likely continue.
This golden cross is happening four months after Solana created a death cross that led to a massive crash in price from $184 to the April 7 low of $95. Considering that the current signal is the opposite of the death cross, it is likely that a massive rally will commence from now and mark a strong recovery.
The most likely target that SOL will hit is the 161.8% Fibonacci of $245 which will represent around 30% increase from the current price. Thereafter, if the buying activity remains as strong as it is now, Solana price might aim for its $294 all-time high price and soar above $300 for the first time in history
