Solana Holds Gains as RSI Levels Normalise and Volume Cools Post-Rally
Following a powerful 55% surge from $95 to $150, Solana $SOL has entered a consolidation phase over the past five days, maintaining price support around $147 while exhibiting stable RSI readings and decreasing trading volume. The Relative Strength Index currently hovers near 50.74, down from recent peaks, suggesting the asset has cooled off from overbought conditions but remains in a neutral zone, poised for either continuation or correction. Meanwhile, volume has tapered significantly to 46.77 million, a sign that speculative activity may be pausing after the initial ETF-fueled rally. Technical patterns still reflect a bullish bias, as price action forms higher lows and shows resilience above support zones, with momentum stabilising near the 21-period moving average on short timeframes. The market’s attention is now fixed on ETF approval probabilities and macroeconomic data, which could either revive buying pressure or dampen short-term sentiment. As long as SOL holds above $145 with improving volume and RSI rising again, another leg toward $160–$180 remains a plausible short-term target, while the $300 level stays on the radar for long-term ETF-driven price expansion.
