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Solana Price Forecast: SOL holds above 50-day EMA as ETF inflows, MoneyGram integration boost outlook
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FXStreet Forex & Commodities News
Solana (SOL) extends its rebound, trading above $76.41 at the time of writing on Wednesday after finding support around the key zone the previous day.
One of the world’s largest payments networks is now a single API away for every builder on Solana,” said Solana on its X post.
If these inflows continue and intensify throughout the week, SOL could extend gains.
Source: SoSoValueImproving derivatives metricsDerivatives data also shows bullish sentiment among Solana traders.
SOL price remains only marginally above the 50-day EMA support at $75.53 and the reclaimed rising trendline break area near $72.70.