*💥🚨💹Solana's Price Rally and Death Cross*
🌏⤴️🪙$SOL
- *Solana's Price Surge*: Solana (SOL) has recently experienced a significant price surge, reaching $145.39 with a 3.64% increase in the last 24 hours and a weekly growth of 4.5%
- *Bullish Momentum*: SOL has demonstrated notable resilience and upward momentum, outpacing the market during recovery periods
- *Death Cross*: A menacing technological pattern called the "Death Cross" has cast a shadow over Solana (SOL), where the 50-day moving average falls below the 200-day moving average, indicating a potential severe price decline
- *Impact on Investor Attitude and TVL*: The approaching death cross poses a risk to the business, potentially depressing investor confidence and prompting them to seek safer investment choices, leading to downward pressure on TVL
- *Technical Indicators*: Technical indicators signal a bullish outlook for Solana, including a positive RSI, CMF, and the 20 EMA positioning
- *Potential for Further Gains*: SOL's price is now trading above the $47.50 level and the 50 simple moving average (blue, 4 hours), suggesting high chances of more upsides