Crypto
Solana Price Hits Extreme Overbought Level Near $105 Resistance
Solana's price on August 27, 2026, is $104.67, just below the daily pivot resistance at $106.80 and the upper Bollinger Band at $105.59.
The daily Relative Strength Index (RSI) reading of 84.01 indicates an overbought level, but it's not a guarantee of a reversal. The moving averages on the daily chart are still bullish, with Solana trading above its EMA20 ($88.10), EMA50 ($81.73), and EMA200 ($89.65).
The momentum is indeed fading on shorter timeframes, particularly on the one-hour chart, where the RSI14 reading of 72.64 is elevated but less extreme than on the daily chart. The MACD histograms are also shrinking, indicating a potential divergence into resistance.