If SOL's "golden cross" is formed, it will provide a bullish signal for investors and may drive the price above $200. However, the sustainability of this upward momentum depends on the continuation of market demand and buying pressure.

The 50-day Simple Moving Average (SMA) of $SOL is approaching the 200-day SMA, indicating a potential "golden cross" bullish signal, which typically suggests that the price may experience significant increases. Once the 50-day SMA crosses above the 200-day SMA, it will signal that SOL's recent price momentum has surpassed the long-term trend, potentially triggering an increase in bullish sentiment among investors.

Key indicators of Solana's price movement • Short-term and long-term trends: The 50-day SMA is a short-term trend indicator, and its rise towards the 200-day SMA indicates that SOL's recent upward trend is strong. The 200-day SMA, as a long-term trend indicator, usually reflects the overall direction of the market.

• Chaikin Money Flow (CMF): The current CMF for SOL is 0.24, indicating active buying activity with market funds flowing in to support SOL's rise.

• Bull-Bear Power Indicator (BBP): The current reading is 16.57, showing that buying pressure significantly exceeds selling pressure, further supporting bullish expectations. Short-term price target As of now, SOL's price is $176.46, close to the key support level of $171.91. If this support level holds, SOL is expected to rise further, first testing the resistance level of $188.74, and if it breaks this level, SOL may rise further to $210.18. Downside risk If the support level of $171.91 is broken, SOL may face downward pressure to $160.09, and could even retrace to the support level of $148.27.