The native crypto of Solana, SOL, has had a 6.25% surge in value over the last three days, rising from about $180 to beyond $210.
Although it has not surpassed its previous low of $162.74, the cryptocurrency, which is presently ranked 5th in the crypto market and has a total supply of 441 million, along with a market value over $88 billion, continues to demonstrate relentless momentum.
The price is presently above the 100-day moving average on the 4-hour chart of the SOL/USD pair. If the price maintains its upward trajectory, there is a possibility that it may surpass its significant resistance level of $210 and establish a new peak for the year.
The RSI (Relative Strength Index) shows that the price of SOL is now in a bullish zone, meaning that it is likely to continue rising.
Additionally, the MACD (Market Capture) indicator reveals that buyers have gained control of the market and are driving the price up with strong momentum.
