Comprehensive technical analysis of Solana currency in three parts with charts

The second part: analysis on the chart and the RSI indicator

Technical analysis of Solana cryptocurrency on the daily time frame shows a 33% growth in the price of this digital currency since June 10, indicating buying pressure. The significance of this rally lies in the fact that Solana's price retook the key support level of $17, which was expected to become a resistance level. The price of Solana rose above the mentioned level and reached the level of $20 on June 30; But it is now trading slightly below the bearish resistance line that has been in place since April 17.

The Relative Strength Index (RSI) in the daily timeframe also shows a bullish signal. This indicator has moved above the 50 level, which is a decisive sign of an upward trend.