Solana at $106: hourly RSI above 80 signals overbought
- —Price at $105.90 is above EMA20 $100.28, EMA50 $93.64, and EMA200 $89.72
- —Hourly RSI14 is 80.62, 15-minute is 81.58, in overbought territory
- —Daily MACD histogram is negative at -0.76 with the line at 2.49
- —Raydium AMM fees rose 249.88% over 30 days, while PumpSwap fell 52.86%
Why it matters: The daily trend remains bullish, but overbought conditions on lower timeframes increase the risk of a pullback to support at $102.49.
Source: The Cryptonomist