As of now Solana price is $137.05 with a trading volume of $1,425,649,197 in the last 24 hours which is a lot of activity. The daily gain of 0.17% shows a balanced action between supply and demand.
Technical Indicators and Market Outlook
The Moving Average Convergence Divergence (MACD) is bullish with the MACD line (blue) above the signal line (orange) and the histogram is growing which aligns with the recent up move and the break above the 200-day SMA.
The Relative Strength Index (RSI) is at 57.22, meaning SOL is not overbought or oversold and has room to move in either direction without any immediate pressure from overvaluation. If SOL can hold above $136 it can try to go above the recent high of $140.
