Solana (SOL) reclaims $50 as it rallies from 2022 lows – Can it keep going?

After touching its lowest price in 2022, Solana (SOL) has rallied over the last few hours. The coin had struggled to cross above $50 after two consecutive days of severe losses. But it seems there is some bullish momentum right now that could push it further. Here are the details:
SOL has reclaimed the $50 price after surging nearly 20% over the last 24 hours.
Significant downside risks still remain despite today’s rally
SOL also remains below its 50 and 200-Day EMA suggesting it’s n