3 min readSOLANA (SOL/USD):
Solana has experienced an impressive surge over the past few weeks, steadily approaching a new all-time high. Currently, the token is trading at just over $244.65.
Analysing the technical indicators below, we can observe how the price responded after breaking through the previous internal high for the year. The breakout was decisive, followed by a retest of the level, after which the price continued its upward trajectory. Currently, the RSI is above the 70% threshold, indicating the asset may be overbought in the short term and suggesting potential for a temporary pullback.
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