Solana Price Surges 25%, Hits New All-Time High at $93.39

Solana's price has surged by 25% over the past week, reaching an all-time high of $93.39 as it broke above major moving averages and a two-month trading range.

The rally was driven by a market-wide short squeeze that erased over $4 billion in bearish positions, supported by institutional interest such as Shinhan Asset Management's partnership with the Solana Foundation and increased network activity.

Despite strong momentum, the daily relative strength index indicates overbought conditions, suggesting a possible short-term pullback before further gains. Key resistance levels to watch are $93-$95 and $98, while support lies near $87-$90 and $80-$81.