Solana has once again updated its cost record

Solana SOL $233.51 Solana 6.10% Market capitalization $110.22 billion VOL. 24 hours $1.23 billion recently made a significant breakthrough, breaking through the $ 201 resistance level that had been in place for eight months. Reaching a market capitalization of $ 100 billion, Solana became the fourth cryptocurrency with such a valuation on the market. However, despite this success, there are signals on the market that point to the possibility of a short-term price correction.

One of the signals is a decrease in the activity of addresses in the Solana network, which leads to a divergence between the price and the number of active users. This indicates that the market may be under pressure, as price increases are usually accompanied by an increase in user activity. If this trend continues, investors may start taking profits, which will affect price stability.

In addition, Solana’s Relative Strength Index (RSI) shows that the asset is in an overbought zone, which could lead to a correction. If the RSI remains at a high level, Solana risks facing a pullback in prices.

Right now, Solana’s price is at the $ 210 support level, and if it doesn’t hold, the coin could fall to $ 186. However, if it rebounds from $ 210, the cryptocurrency has a chance to overcome the next resistance level of $ 221, which could again help the market capitalization to grow above $ 100 billion and return optimism to the market.