Solana (SOL) is getting interesting again ?
SOL has recently moved above $100, with strong momentum behind the move.
But there is another side to the story.
The daily RSI is above 88, which shows that the market is very strong but also quite overheated in the short term.
At the same time, Solana is seeing strong activity on-chain, with DEX fees rising sharply.
My view:
Strong network activity is a positive sign for Solana.
But when price moves very fast, a pullback can also happen. So I would watch both price action and real network activity instead of looking at price alone.
The interesting question now is:
Can SOL keep this momentum, or will the market cool down first?
Not financial advice. Just my market observation.
#solana #sol #crypto $SOL
#BinanceSquare #CryptoAnalysis
SOL has recently moved above $100, with strong momentum behind the move.
But there is another side to the story.
The daily RSI is above 88, which shows that the market is very strong but also quite overheated in the short term.
At the same time, Solana is seeing strong activity on-chain, with DEX fees rising sharply.
My view:
Strong network activity is a positive sign for Solana.
But when price moves very fast, a pullback can also happen. So I would watch both price action and real network activity instead of looking at price alone.
The interesting question now is:
Can SOL keep this momentum, or will the market cool down first?
Not financial advice. Just my market observation.
#solana #sol #crypto $SOL
#BinanceSquare #CryptoAnalysis
