SOL Price Surges as Golden Crosses Signal Bullish Momentum | Airdrop Alert Pro

Solana (Sol) has soared 15% over the past seven days and remains near the $200 mark. Its market capitalization has risen to $107 billion, surpassing BNB. This strong performance has been supported by bullish signals, including increased whale activity earlier this month and the formation of multiple golden crosses on the SOL EMA chart.

Although whales have seen some profit-taking, their activity remains elevated compared to historical levels. Riding on this momentum, SOL is well-positioned to test key resistance levels and potentially break above $240.

Solana Whale’s ATH dropped, but remains high

Hold at least 10,000 addresses Sol There was a significant increase between January 4 and 5, from 5,032 to 5,090. This upward trend continued with some volatility and reached an all-time high of 5,104 points on January 11.

Tracking these large holders (often referred to as whales) is crucial as their activities can strongly influence the market. Increased accumulation by whales typically reflects confidence in the future of the asset, potentially pushing the price higher as their positions increase.

After peaking on January 11, the number of whale addresses declined, from 5,096 on January 14 to 5,063 on January 16. While this decline may mean some profit-taking, it is worth noting that current whale numbers are still significantly higher than historical levels.

The continued interest from major holders shows that there is a growing interest in Solana Even with the recent volatility, the uptrend potential remains strong. This high level of stability can provide SOL price grow.

SOL DMI shows current uptrend strong

DMI (Directional Movement Index) Chart Solana The ADX (Average Directional Index) shows a sharp rise, rising from 25.6 to 39.8 in the past two days. This spike coincided with the start of SOL’s current uptrend and the formation of a golden cross.

ADX measures trend strength, with values ​​above 25 indicating a strong trend and values ​​above 40 indicating stronger momentum. ADX rising during an uptrend indicates increased confidence in price action.

Meanwhile, +DI (positive index) climbed from 19.7 to 34.1, reflecting increased buying pressure, while -DI (negative index) fell from 24.2 to 7.9, indicating reduced selling pressure. Taken together, these shifts signal a strong bullish trend, with buyers firmly in control of the market. 2

If this dynamic continues, it could signal further upward momentum Solas the widening gap between +DI and -DI indicates increasing buyer dominance. Combined with the rising ADX, these indicators paint a positive picture for SOL’s near-term price action.

SOL Price Forecast: Will Solana Revert to December Levels?

SOL’s EMA (exponential moving average) line has seen multiple golden crosses recently, with the shortest-term line crossing several other lines. This indicates strong upward momentum and suggests a continuation of the current uptrend. If this momentum continues, Solana Price A test of the next resistance at $229 is likely.

A break above this resistance could open the way to $234 or even $243, pushing SOL above $240 for the first time since early December 2024.

However, if the uptrend reverses and starts declining, the support at $211 will play a crucial role. If this level is tested but fails to hold, SOL price If bearish pressure intensifies, further declines to $203 are possible, with a possible extension to $185.