Solana price gained 500% the last time this SOL metric turned bullish

Solana's price has surged 18% this week, signaling strong bullish momentum, and is approaching a pivotal point with a potential close above the 50-week exponential moving average (EMA). Historically, breaching the 50-week EMA has led to significant rallies, including a 515% rally in 2024. The relative strength index (RSI) is currently rebounding above 50, mirroring the setup before the previous rally. If the 50-week moving average holds, the target for Solana could be between $250 and $350 by September 2025. The daily chart also supports this narrative, with immediate resistance at $180 and a potential parabolic rally by Q3 2025. In the last 30 days, over $165 million in liquidity has been bridged to Solana from other blockchains, reflecting growing confidence in the network. Solana has also posted the highest decentralized exchange (DEX) volumes, with a 28.99% market share among other chains. This dominance in DeFi activity highlights Solana's scalability and user adoption. Substantial liquidity inflows and strong DEX volumes are setting Solana up for a sustained price breakout. Overall, Solana's strong bullish momentum, historical patterns, and growing network confidence are signaling a potential price surge.