Solana Surges Past $100, Memecoin Volume Hits Record High

Solana's price has been trending upward since its June low near $60 and recently broke above $100 for the first time in over three months.

This week's sharp move extended the same uptrend, with Solana now trading at $101.45 after pulling back slightly from a high of $102.25.

The Relative Strength Index (RSI) is at 80.65, deep in overbought territory, indicating that easy gains may be behind rather than ahead.

Solana's memecoin market posted a record $5.2 billion in weekly spot trading volume, with the network capturing 85% of the meme volume on other chains like Ethereum and BNB Chain.