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Solana SOL $96.04 Solana -1.61% Market capitalization $56.03 billion VOL. 24 hours $0.24 billion has been in the spotlight after almost a month of sideways dynamics: analysts note a compression in volatility that often precedes a sharp price movement. This is a typical example of how technical indicators can signal the approach of a new trend.
Analyst Ali Martinez drew attention to the Bollinger Bands squeeze in the $ 81−92 range. In technical analysis, such a narrowing of the bands is considered a sign that the market is preparing to exit the consolidation phase.
Additional indicators show a mixed picture: MACD and Awesome Oscillator signal «Buy», Bull Bear Power — «Sell», and RSI remains neutral. This means that there is an expectation of a big move, but the direction is not yet clear.
Institutional interest in Solana also remains high. More than $ 540 million has been invested in the ETF since its launch in the United States, although SOL’s price has since dropped by almost 60%.
Additional attention was drawn to the teaser labeled «Super» on Solana’s official account, which the community associated with the new Super Solana project. In addition, Solana has become a member of the Mastercard Crypto Partner Program, which is intended to connect blockchain companies with traditional payment infrastructure.
At the time of publication, SOL was trading at $ 85.24, down 0.88% on the day. Analysts believe that the market has entered a phase where strong price movements are likely — up or down.