$SOL Weekly RSI Hits 70: A Bullish Signal? 🚀
Solana's weekly RSI has reached 70 for the first time since November 2023. Historically, every time the RSI touched this level, it marked the beginning of a bullrun that lasted for several months.
What This Means:
#Bullish Momentum: RSI at 70 indicates strong upward momentum and growing buyer interest.
Historical Pattern: Past runs suggest this rally could continue well into March 2025, aligning with market cycles and ecosystem growth.
Key Takeaways:
#Solana's fundamentals, combined with this technical indicator, point to sustained growth ahead. While short-term volatility is expected, long-term holders may see significant gains.