Solana (SOL) has experienced a 15% surge in the past week, reaching a market cap of $107 billion and surpassing BNB. The rise in SOL's price is supported by increased whale activity and the formation of multiple golden crosses on its EMA charts. Although there has been some profit-taking among whales, their activity remains higher than historical levels. The number of addresses holding at least 10,000 SOL has also increased, indicating confidence in the asset's future. The DMI chart for SOL shows a significant increase in the ADX, suggesting a strong trend and growing confidence in the price movement. The +DI has also increased, indicating increased buying pressure. These indicators point towards a bullish trend with buyers in control of the market. SOL's EMA lines have shown multiple golden crosses, indicating strong upward momentum. If this momentum continues, SOL could test resistance levels at $229, $234, and $243, potentially breaking above $240. However, if a downtrend begins, the support at $211 will be crucial, and a failure to hold this level could lead to further drops in price.



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