$SOL outperformed the broader market, up 5.05% to break above 103. Circle’s share issuance is a background factor
At the current price of 101.35, it’s up 5.05% over the past 24 hours. The high reached 103.26 and the low was 93.00. The gain is clearly stronger than BTC (+2.28%) and ETH (+0.95%) in the same period. Among this three-coin rally, it’s the hottest performer.
Market news posted on the board mentioned that Circle issued an additional 500 million USDC tokens on Solana today. This is a routine operation on the stablecoin supply side. Typically, it suggests new capital is preparing to enter and either go long or provide liquidity. It’s related to activity levels and trading depth on the SOL chain to some extent, but it doesn’t directly mean there is buy pressure—so it should be viewed rationally.
Technically, KDJ shows K at 79.66 and J at 82.73, while RSI6 is as high as 77.83, meaning it has entered a relatively overheated zone. On MACD, the DIFF line at 1.60 is above the DEA line at 1.06, and the histogram is positive with increasing magnitude, indicating momentum is still strengthening and no signs of a bearish divergence at the top have appeared. The price is tracking along the upper BOLL band at 101.73, so short-term upside elasticity is basically fully utilized.
Different from the “steady climb” style of the previous rounds involving $BTC and $ETH , this time SOL is a classic accelerated breakout—its slope is the steepest—suggesting SOL has attracted the largest share of incremental altcoin capital in this move.
Do you think this round of SOL can push up toward the previous high near 110?
At the current price of 101.35, it’s up 5.05% over the past 24 hours. The high reached 103.26 and the low was 93.00. The gain is clearly stronger than BTC (+2.28%) and ETH (+0.95%) in the same period. Among this three-coin rally, it’s the hottest performer.
Market news posted on the board mentioned that Circle issued an additional 500 million USDC tokens on Solana today. This is a routine operation on the stablecoin supply side. Typically, it suggests new capital is preparing to enter and either go long or provide liquidity. It’s related to activity levels and trading depth on the SOL chain to some extent, but it doesn’t directly mean there is buy pressure—so it should be viewed rationally.
Technically, KDJ shows K at 79.66 and J at 82.73, while RSI6 is as high as 77.83, meaning it has entered a relatively overheated zone. On MACD, the DIFF line at 1.60 is above the DEA line at 1.06, and the histogram is positive with increasing magnitude, indicating momentum is still strengthening and no signs of a bearish divergence at the top have appeared. The price is tracking along the upper BOLL band at 101.73, so short-term upside elasticity is basically fully utilized.
Different from the “steady climb” style of the previous rounds involving $BTC and $ETH , this time SOL is a classic accelerated breakout—its slope is the steepest—suggesting SOL has attracted the largest share of incremental altcoin capital in this move.
Do you think this round of SOL can push up toward the previous high near 110?
