3 min readSOLANA (SOL/USD):
Solana has experienced an impressive surge over the past few weeks, particularly this past weekend! The price soared to new all-time highs, reaching as much as $295.
A closer analysis of the technicals reveals that once the price broke out of the internal descending trend line, it continued to climb into new price discovery zones. Examining the RSI indicator, we can see that the price is currently trading in an “overbought” region. I’ll be monitoring closely to see if the price retests the lower demand zone, establishes support there, and resumes its upward trajectory.
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