#Solana

Trade Solana now . . strong bull Run ❤❤❤❤❤$SOL

𝙎𝙤𝙡𝙖𝙣𝙖 𝙋𝙧𝙞𝙘𝙚 𝙁𝙡𝙖𝙨𝙝𝙚𝙨 𝙂𝙤𝙡𝙙𝙚𝙣 𝘾𝙧𝙤𝙨𝙨 𝙖𝙨 𝙎𝙩𝙖𝙠𝙚𝙙 𝙎𝙊𝙇 𝙀𝙏𝙁 𝙃𝙞𝙩𝙨 𝙆𝙚𝙮 𝙈𝙞𝙡𝙚𝙨𝙩𝙤𝙣𝙚- 𝙄𝙨 $294 𝙉𝙚𝙭𝙩?

Solana price continued its strong surge on Tuesday, July 22, reaching its highest level since February this year. SOL token rose for three consecutive days, up by 112% from its lowest point this year. This surge could accelerate as the recently launched staked SOL ETF crossed a key milestone.

The daily timeframe shows that the Solana price has staged a strong comeback in the past few months, moving from $95 in April to $204 today. It recently flipped the important resistance point at $186.90 into support, invalidating a double-top pattern that was forming and whose neckline was at $125.9. A double-top is one of the most common bearish patterns in technical analysis.

Most importantly, the SOL price is about to form a golden cross pattern as the 200-day and 50-day moving averages crossed each other. This cross often leads to double-digit gains. For example, the last time that Solana price formed this cross was in October 2023, when it was trading at $25. It then jumped to a record high of nearly $300 in January this year.

The Relative Strength Index has jumped to 82, while the Percentage Price Oscillator (PPO) crossed the zero line. PPO is a popular indicator created by modifying the MACD.

Therefore, the Solana price will likely continue soaring, with the next target to watch being at $294, its highest level in January. That surge implies a 43% surge from the current level. A drop below the golden cross point at $160 will cancel the bullish SOL price forecast, and point to more downside.