Crypto
Solana Soars Near Overbought Territory Despite Minor Setback
Solana's price has been steadily increasing over the past week, reaching $104.05 after a 1.86% decline.
Despite this minor setback, Solana maintains a bullish long-term structure and technical indicators show persistent trend strength.
The Relative Strength Index (RSI) reading of 68.37 indicates that Solana is approaching overbought territory, suggesting buyers remain dominant but near a potential cooling point.
Institutional activity has been driving the market, with spot ETF inflows surging as adoption and network upgrades accelerate.
The US spot Solana ETFs drew record net inflows of $153 million for the week ending August 31, 2026, with total assets under management reaching $1.49 billion.