Key Takeaways:Solana's 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024. The $120 million in liquidity bridged to Solana reflects growing network confidence.Solana (SOL) price gained 18% this week, signaling rising bullish momentum. The altcoin is approaching a pivotal point, with a potential close above the 50-week exponential moving average (EMA), a level that has historically catalyzed significant rallies. In March, SOL dipped below the 50-week EMA and briefly dropped under $100 on April 7. Since then, Solana has staged a strong recovery, reclaiming key EMA levels (100W and 200W), with the 50-week EMA (blue line) now in focus. Solana 1-week chart. Source: Cointelegraph/TradingViewHistorical patterns reinforce a bullish outlook. In October 2023, SOL breached the 50- and 100-week EMAs, consolidating above these levels before rallying 515% by March 2024. Notably, the relative strength index (RSI) was below 50 during both periods, mirroring the current setup, with the indicator rebounding above 50 after the 50-week EMA flipped to support. If the 50-week moving average holds, the price targets for SOL could be between $250 and $350 by September 2025.Solana 1-day chart. Source: Cointelegraph/TradingViewThe daily chart bolsters this
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