Crypto
Solana Price Rally Shows No Signs of Slowing Down
Solana's price has continued to rise, increasing by over 5% in 24 hours to reach $106.71 at press time.
The recent surge is attributed to a key governance vote that could reduce future Solana (SOL) supply and sustained Spot ETF inflows.
The weekly trend for SOL remains bullish, with an RSI of 60.37 indicating strong momentum without entering overbought territory.
On the daily chart, SOL has broken above the $97.37 resistance level, but is now in overbought territory with an RSI of 81.31.
Bulls retain control on short-term charts, including the 4-hour chart, where the MACD remains firmly bullish above both its Signal and zero lines.