SOL Volume Spikes 40%: Golden Cross Ignites Explosive Bullish Rally
Solana's daily charts亮 a powerful signal: trading volume surged 40% to $3.1 billion in 24 hours.
This spike coincided with SOL reclaiming $132.9, up 1.6%, and forming a golden cross—a strong bullish indicator where short-term momentum overtakes the long term.
Historical precedent matters; similar patterns earlier this year preceded rallies to $200-$228. Crucially, institutional confidence remains high, with Solana ETFs attracting $674 million in inflows over seven consecutive days.
The network's momentum is further boosted by concrete developments like the upcoming bridge to XRP Ledger, enabling XRP liquidity across Solana's DeFi ecosystem.
While Bitcoin's trajectory and macro factors will influence broader market sentiment, Solana's current technicals and ecosystem growth present a compelling case for sustained upward pressure.
