CandleFocus These 2 Metrics Indicate Further Upside for Solana (SOL) Price
2024-10-26
Author: Content Editor
Solana (SOL) has seen a 12% increase in price over the past week, and recent developments indicate that there is potential for further growth. The Relative Strength Index (RSI) dropping to 61 from overbought conditions suggests that there is room for the price to continue moving upward without immediate selling pressure. Additionally, the surge in activity on Pumpfun, one of Solana's largest applications, is driving user engagement and could contribute to further price increases. The drop in RSI and the increased engagement on Pumpfun could be key drivers for SOL's price in the coming days. The current trading pattern and support and resistance levels suggest that SOL's bullish trend is still intact and has room for growth if buying momentum continues.
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