Solana continues a seven day positive streak and is up $0.909 to $25.32

Tentatively higher from an earlier low of $24.31, Solana is up to $25.32 today, adding $0.909, or 3.72%, to today's closing price of $24.41.

Support/Resistance levels obtained from chart analysis indicate that Solana could be slowing down soon as it approaches resistance at $25.4. Of course, crossing it might suggest further gains are ahead. Trend analysis indicates that investors are seeking long positions as SOL price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to momentum evaluation, the RSI is a momentum oscillator that measures changing price movements on a scale of 0-100. In Solana's case, the index has risen above 70, signalling that the asset is overbought. Analysis based on the asset volatility indicates that Solana's upper Bollinger Band® is at $24.91, this is a slight indication of a slowdown.

Overall, while Solana has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Other markets are also showing gains as FTX Token leaps up 9.54% to trade around $1.36. Ethereum is up 5.31%. Litecoin is up 4.36% to $98.35.

Approximately 11 months ago, Solana reached a significant high of $108.72 but has struggled to hold onto its gains and declined 77.55% since then. Solana is currently trading with a market cap of 9.91 billion with an average daily volume of 351.28 million.