Solana whale buys $23 mln tokens: What it means for $SOL - AMBCrypto Analytics

AMBCrypto’s analysis of Solana’s price trend on a daily chart revealed why it was one of the top trending assets. 

SOL experienced a 3.81% increase in the last trading session, settling in at $135 at press time. This marked the third consecutive day of price increases for Solana.

As of this writing, SOL is trading at around $134, reflecting a slight decline of less than 1%. This minor pullback follows the upward trend of the previous few days.

Despite the small decline, SOL remained in a bearish trend, although this bearish momentum appeared to be weakening.

Solana’s Relative Strength Index (RSI) analysis showed that it is approaching the neutral line, indicating that the asset’s bearish momentum is softening.

If the RSI continues to trend toward the neutral line, it could signal a potential shift or consolidation in the price trend.