Solana

<ul>
 <li>Solana (SOL) surges 50% in a month time frame.</li>
 <li>The daily SOL chart analysis reveals that RSI is at 83.</li>
</ul>
Solana (SOL) has catapulted above $173, marking a remarkable recovery from its bearish spell of the past year. This surge, occurring after 26 months, has investors on the edge of their seats, witnessing a remarkable 11% increase in market capitalization, now standing at a staggering $75 billion.
Meanwhile, Trading volume has also seen an unprecedented rise, soaring to $7 billion, a remarkable 26% increase. Solana now stands a mere 33.47% away from its illustrious All-Time High of $260.06, set two years ago.
Recent analyses indicate that Solana is on the cusp of crossing the $180 price threshold. This development has propelled SOL to the forefront, emerging as the most trending coin in the last 24 hours, as per data from CoinMarketCap.
Notably, In a month’s time frame, Solana has witnessed an astonishing surge of 50%, cementing its position as one of the most promising investments in the crypto <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">market</a>. Just last week, SOL sent shockwaves through the community as it surged to $150, igniting conversations across the financial landscape.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/L8jrCw34ADb8nSxWhaHapZ-O0ilmXPHZcn4eucL5pNLHyz4PdgvqBCZt-2qY_I_sVaBVb2nMYJ1ggcH7EXTh0HMkAu7HGL4OgBN_h_cVlbvUViiletQDvwOpDP_qO5gm-6lQMoNPZdNRM5_qLudPes8" alt="">
 <figcaption class="wp-element-caption">
 SOL Price Chart, Source:TradingView
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 </figure>
</div>
A meticulous analysis of the daily chart unmistakably reveals a <a href="https://thenewscrypto.com/memecoins-continue-the-bullish-trend-with-these-top-performers/" rel="noopener noreferrer nofollow">bullish</a> stance. The daily Relative Strength Index (RSI) stands at a striking 83, indicating an overbought situation. However, despite these gains, caution looms as SOL navigates around the $185 and $196 resistance levels, with potential downside risks looming around $147.4 should bearish trends dominate.
With Solana’s meteoric rise capturing headlines and sparking widespread investor interest, all eyes remain fixated on whether SOL will break through its All-Time High, ushering in a new era of prosperity for its holders and enthusiasts alike.

Solana’s Race Towards $200: Assessing the Likelihood

TheNewsCrypto

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