Solana Price Rally Shows No Signs of Slowing Down Despite Overbought Conditions

Solana's price surge shows no signs of slowing down, with the altcoin gaining over 5% in 24 hours to trade at $106.71 at press time.

The latest push on the charts came on the back of a key governance vote that could reduce future SOL supply, and sustained Spot ETF inflows have been supporting the price action.

On the weekly chart, SOL has been bullish after consolidating within the $67-$100 range. With an RSI of 60.37 at the time of writing, momentum appears strong, but buyers are not yet in overbought territory.