Golden Cross in Solana: Key Indicators Suggest a Potential Rise🚨
Currently trading at $172, Solana's price has decreased from its recent highs near $200. However, Solana price prediction experts are optimistic due to key technical indicators. Recently, the market saw a nearly 10% drop in Solana, but a closer look at exchange data reveals some promising trends.
One major development is the decline in Solana's balance on exchanges. The balance of Solana on centralized exchanges dropped from 33.06 million to 30.78 million. This 10% decrease in tokens available for immediate sale often indicates the potential for a price rebound.
In addition to exchange supply trends, Solana is showing potential for a golden cross. The 100-day exponential moving average (EMA) is approaching a crossover above the 200-day exponential moving average, which is a classic bullish pattern that has historically marked the beginning of a price increase. If Solana's price can maintain this breakout above its resistance levels, it could rise to $250.$SOL
