Despite this rally, Solana’s price is still recouping losses of 13% in the last month. However, there is a strong signal that SOL has recovered, with the 24-hour trading volume up by 112% to $3,127,793,658. Technical indicators present a strong buying zone for Solana, where most of the time frames give a buy signal. However, the MACD and Stochastic RSI point to a possible overbuying and hence point toward a short pullback.
SOL Price Surges Amid VanEck’s Spot Solana ETF Application
