Haussier golden cross model which has delivered 40% gains since 2023 yields – can we push $ 250 then?

Solana (Sol) has developed a gold cross training on its daily graphic, a bullish technical model which has historically preceded prolonged gatherings, offering gains of at least 40% for Altcoin. This model previously driven soil from $ 155.01 to $ 293.00 in only seven days in October 2024, when identical conditions emerged.

The Golden Cross materializes when the 50 -day simple mobile average exceeds the 200 -day mobile average, creating what cryptographic merchants largely recognize as a shrup momentum indicator.

Currently, many traders and analysts anticipate an escape from the current negotiation range from $ 174 to $ 187, potentially propelling the token to its cutting -edge levels of 2021 around $ 250.

Sol Breakout $ 190 Sol Golden Cross Eyes while Arthur Hayes joins the treasure movement

At the time of writing the editorial staff, Solana is negotiated at $ 178.06, recording an increase of 0.29% while it bounces from its lower intraday of $ 173.69. This recovery follows unchanged IPC data which increased the probabilities of drop in September rates above 86%.

Market players consider this development to be a bullish feeling propagates in the cryptography sector, with Ethereum leading gains thanks to an increase of 4%, which pushes it to heights of three years over $ 4,400.

Ethereum’s explosive performance has raised questions about the question of whether Solana can draw sufficient attention to generate its price beyond current low resistance.

Crypto Honeyxbt analyst expressed measured skepticism, noting that she expected higher Bulls soil performance.

She said that although the golden cross model had emerged, the fact that the price action did not violate the resistance zone from 190 to $ 205 remains disappointing.

In addition, she recognized that soil maintains the technical force and remains in an upward trend, trading well above her 200-day EMA. The token requires only additional momentum to maintain its upward trajectory.

Recently, Upexi, recognized as the largest cash company in Solana, appointed the co -founder of Bitmex and eminent Crypto Bull Arthur Hayes as an inaugural member of its advisory committee.

Hayes will guide the development of the strategy and will expand the assets of Treasury $ soil of the company.

Hayes played a key role in the recent recovery of 60% of Ethereum thanks to its public approval of the Tom Lee Ethereum Treasury Strategy, which has accumulated billions of ETH while defending its ascent to new heights.

By working now with Upexi, which has already obtained $ 300 million to buy Solana tokens for the expansion of the Treasury, Hayes brings proven expertise to soil institutional adoption efforts.

If this approach was gaining momentum, other companies pursuing Solana’s Treasury strategies, notably Bit Mining and Defa Development Corp., can accelerate their soil acquisitions.

ETF soil approval: 90% probability for 2025

Another major catalyst supporting Solana’s gold crossing training around $ 250 is the pending soil approval process.

In June, seven major transmitters filed or modified funds for funds (ETF) on Solana Exchange Solana funds (ETCURITIES and Exchange Commission (SEC) of the United States.

These submissions included applications of eminent asset managers such as Vaneck, Fidelity, 21Shares, Franklin Templeton, Graycale, Bitwise and Canary Capital.

According to the latest analysis of Bloomberg ETF, Solana leads probabilities of approval with ratings of 90% of the 2025 authorization.

Combined with the accumulation of cash companies and a robust activity on the same chain, DAPP revenues such as those of Pumpfun, the Bonk ecosystem and an expansion of Stablecoin on Solana’s Blockchain, Sol appears positioned to compete Ethereum as the next major opportunity for great capitalization.

Technical analysis: Sol Golden Cross Flip opens a path at $ 246

From a technical point of view, the Daily Sol / USDT graph has a bullish structure after an escape from a descending channel and the confirmation of the Golden Cross, where the 50 -day SMA crossed the 200 -day SMA.

The price is negotiated around $ 177, positioned between the key resistance at $ 187.89 and the support of SMAS of 50 and 200 days almost $ 167.

A decisive closure greater than $ 188 would erase the path to the resistance of the canal greater than $ 225, with a potential medium-term target nearly $ 246 if macro-conditions, including a potential drop in the basic rate of September 25, align on the bull’s shift.

However, not overcoming the $ 188 threshold could trigger a retention of the $ 167 support area, and a break below this level would compromise the upward perspectives.

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