Solana's price has been uptrend, with a series of higher highs and higher lows over the past two weeks.
Solana Trading Volume Hits All-Time High
In addition to its price increase, Solana's trading volume has also steadily risen, reaching a new all-time high last week. The relative strength index (RSI) is currently at 40.18 and is slowly rising toward the overbought region.
Solana's Bullish Momentum Increases
According to the daily Moving Average Convergence Divergence (MACD), Solana's bullish momentum increases as the MACD line moves above the signal line. The hourly price analysis also shows that the bulls have controlled the market since the start of the day.
Solana's Market Capitalization Rises to $4.9 Billion
As a result of the bullish trend, Solana's market capitalization has reached $4.9 billion, and the asset is currently ranked 14th in the overall market. If the price can break above the current resistance at $13.54, a new all-time high of $13.28 is possible.
