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Active users on the Solana chain surge, can the MACD bullish signal and short liquidation potential drive SOL to continue rising?
【Crypto World】Solana’s recent popularity has skyrocketed, with on-chain active addresses surging by 56% to 27.1 million, and weekly transaction volume surpassing 515 million. The price has also rebounded, stabilizing above the key support level of $135.5. From a technical perspective, the MACD indicator has shown a bullish crossover signal, prompting many traders to prepare for increased positions, and derivatives data also reflects a generally optimistic outlook. Interestingly, a large number of stop-loss orders for shorts are densely distributed above the current price—if SOL can hold the newly gained support, these triggered liquidations could trigger a chain reaction, further driving up the price.