Solana Golden Cross Sparks 14% Gains as Chinese Firm Allocates $20M to BTC, ETH and SOL

Group 1 - Solana's price increased by 2% on Thursday, surpassing $228 for the first time since February 2025, driven by capital inflows from MOGU, a China-based fashion brand allocating up to $20 million to digital currencies [1] - The trend of corporate crypto adoption is accelerating globally, with notable examples including MOGU and Nasdaq-listed Safety Shot forming BONK Holdings LLC to pursue a digital asset strategy [2] - Safety Shot's new subsidiary has invested $5 million in Solana's BONK, raising its total treasury to over $63 million [3] Group 2 - The 2% gain on Thursday was the lowest daily increase of the week, following four consecutive days of profit since trading began at $200 on Sunday, indicating potential profit-taking among investors [4] - A golden cross signal on Solana's daily chart suggests a sustained bullish trend, with a 14% gain over four days since the formation, and the RSI near 65 indicates room for further gains [5] - Solana is currently trading at $226, above the initial support level of $217, with potential targets of $240 and $250 if consolidation above $220 continues [6] - Increased trading volume, up 4% intraday, may encourage speculative traders to enter long positions, capitalizing on fresh corporate demand that has yet to be fully priced in [7]