$SOL

🚨Solana Golden Cross: Key Indicators Point to Possible Rally🚨

Currently trading at $172, Solana’s price has pulled back from recent highs near $200. However, Solana price prediction experts are optimistic due to key technical indicators. The market has recently seen Solana drop nearly 10%, but a closer look at exchange data reveals some promising trends.

One of the key developments is the reduction in Solana’s exchange balance. Solana’s balance on centralized exchanges dropped from 33.06 million to 30.78 million. This 10% reduction in available tokens for immediate selling often signals a potential price rebound.

In addition to the exchange supply trends, Solana is showing potential for a golden cross formation. The 100-day Exponential Moving Average (EMA) is approaching a crossover above the 200-day EMA, a classic bullish pattern that has historically marked the start of a price increase. If Solana price can maintain this and break through its resistance levels, its price could go up to $250.

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