Rally

Solana

Bitcoin

Coin

<ul class="news-points"> 
 <li>Solana decoupled from the broader market, rising as high as $24.</li> 
 <li>The AO indicator echoed a bullish bias for SOL which could push the price 25% higher in the coming weeks.</li> 
 <li>With a strong directional index and increased demand, SOL could exchange hands at $30.</li> 
</ul> 
For the past few weeks, the cryptocurrency market has continued to continue its dynamic ebb and flow trend. Like <a href="https://coinedition.com/bitcoins-on-chain-indicators-display-extreme-readings-amid-low-volatility/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>, most altcoins have also traded tightly as the market continues to exhibit low volatility. 
However, unlike the other altcoins, <a href="https://coinedition.com/analyst-urges-traders-to-start-stocking-up-on-solana-sol/" rel="noopener noreferrer nofollow">Solana (SOL)</a> seems to have decoupled from the trend. According to CoinMarketCap, SOL has gained 7.22% in the last seven days, rising to $24.94 in the process. The increase suggests that the cryptocurrency might be gearing up for a significant and sustained bullish run. 
<h2 class="wp-block-heading" id="h-encouraging-indicators"><a></a>Encouraging Indicators</h2> 
From the SOL/USD 4-hour chart, the Awesome Oscillator (AO) had moved into the positive region at 0.33. A positive reading of the AO suggests that the 5-period Moving Average (MA) is greater than the 34-period MA. 
The AO being above zero implies that bullish forces were driving SOL’s momentum. Furthermore, indications from the Exponential Moving Average (EMA) … 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/solana-sol-may-be-showing-promising-signs-of-a-long-rally/">Solana (SOL) May Be Showing Promising Signs of a Long Rally</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Solana (SOL) May Be Showing Promising Signs of a Long Rally

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