Solana ($SOL ) Leads Altcoin Surge, But Are There Risks?

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Solana (SOL), dubbed the 'Ethereum Killer,' is currently leading the rise of altcoins. With a trading volume increase of 6.59%, reaching $3.73 billion, the market is beginning to worry whether SOL is overbought.

According to CoinMarketCap data, SOL's Relative Strength Index (RSI) is 56, indicating that the asset is neither overbought nor oversold. An RSI above 70 typically indicates overbought conditions, while below 30 suggests it may be undervalued. Therefore, SOL's RSI is in a neutral range, and its future movement will depend on other market factors, especially its correlation with Bitcoin (BTC).

Nevertheless, market sentiment remains bullish, supporting further gains for SOL. Over the past 24 hours, SOL's price has fluctuated between $210.37 and $219.56, with the current trading price at $215.60, up 18.26% from the historical peak of $263.83 on November 22. Solana's strong rebound indicates the possibility of further gains in the future. According to U.Today, SOL started strong in 2025, breaking through $200, laying the foundation for future growth.

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