Solana Breaks Above Key EMA, Could Trigger 500% Rally Again?

Solana (SOL) has experienced a significant surge this week, gaining 18% and currently trading around $171. But what’s particularly noteworthy is the reappearance of a market signal that previously fueled a major rally last year — and it’s showing up again. 2023 marks a similar trajectory for SOL as in October 2023, when Solana’s price surged over 500% between October 2023 and March 2024. Now, that same signal is back. 2024 has begun to exhibit a distinct bullish momentum.