Solana RSI Hits Extreme Levels as On-Chain Fees Surge
The Solana crypto market is flashing warning signs of overbought conditions as its Relative Strength Index (RSI) hits 88.12 on August 25, 2026. SOL/USDT closed at $102.41, above its Bollinger upper band, with a price that's grinding higher despite classic overbought signals on the daily chart.
The daily trend remains structurally bullish, but lower timeframe momentum is stalling at the execution level. The RSI reading of 88.12 and a close above the upper Bollinger Band at $100.77 are extreme readings that historically do not sustain for long without a cooling-off period.
On-chain activity is posting extraordinary growth across decentralized exchanges, with Orca DEX fees up 429% over seven days and Raydium AMM fees climbing 140% over the same period. This surge in on-chain economic activity gives the bullish technical case real fundamental backing.