Solana Jumps 8.28% to $117.86, Leading Large-Cap Altcoins
- —SOL gained 8.28% to $117.86 on $6.43B volume, 70% above the 30-day average
- —Price trades above SMA-7 ($105.15), SMA-30 ($102.43) and SMA-200 ($83.78)
- —RSI at 69.6 and stochastic at 96.7 point to imminent overbought conditions
- —Immediate resistance sits at $118.6, the 0.0% 90-day Fibonacci level
Why it matters: SOL is leading the large-cap altcoin rally driven by BTC, but proximity to $118.6 resistance raises the risk of a pullback.
Source: DiarioBitcoin