Solana Near $106 Faces Overbought Risk
Solana is trading near $105.90 with a strong bullish daily structure, but shorter timeframes are showing signs of overheating. The price remains above the 20-day EMA at $100.28, the 50-day EMA at $93.64 and the 200-day EMA at $89.72, while daily RSI stands at 60.18 and is not yet at an extreme level. However, the hourly RSI has moved above 80 and the 15-minute RSI reached 81.58, pointing to elevated short-term buying pressure. At the same time, the daily MACD is showing signs of slowing momentum. Key resistance is around $107.71, while support is near $102.49. For exchange users, this setup means SOL may remain volatile even while the broader trend stays positive. Check the latest Solana rate and exchange conditions on xbit.money before making a transaction.