$SOL on the Moon... Really Top Gainer..
Following today’s market reshuffle and impressive metric flip against Ethereum and PayPal, Solana’s has SOL grabbed the spotlight with a remarkable surge in activity.
Earlier today, SOL dominated the market, boasting a trading volume nearing $3.8 billion in just 24 hours, landing it among the top three most actively traded cryptocurrencies. In a striking milestone, Solana—a coin already among the top five in market cap—surpassed Ethereum in daily transaction fees, igniting a fresh wave of market attention. As if that weren’t enough, Solana’s trading volume led to a reversal of PayPal’s market cap in terms of intraweek changes, highlighting the growing investor interest in SOL.
Over the last day, Solana's trading activity has been on overdrive, with countless transactions recorded, surpassing major competitors like Avalanche ($AVAX), Toncoin (
$TON ), TRON (
$TRX ), and Cardano ($ADA). Each of these rivals clocked in high nine-digit figures in trading volume, yet none came close to Solana's sheer scale, reinforcing SOL’s top position.
Despite this intense market movement, Solana's price dipped slightly by 0.9% over the past 24 hours, with the token now trading around $171, marking a solid 5.5% increase over the previous week. Meanwhile, Bitcoin ($BTC) rose by 1.4%, reaching $69,105, while Ethereum ($ETH) saw a modest gain of 0.5%, reaching $2,471—maintaining a close race with Solana in terms of growth and functionality.
Price Analysis: SOL Climbs to Three-Month High Amid Consolidation
The recent price action has driven Solana to a three-month peak, with SOL currently trading near its $171 mark. While the chart shows strength, a persistent resistance at the $175 level has tempered further gains since the close of last week.
Two scenarios seem likely for Solana in the coming days: it could consolidate its recent gains, establishing a new support foundation, or face renewed selling pressure if resistance remains unyielding. With a decreasing Relative Strength Index (RSI) now sitting around 41, signs indicate that the momentum might be cooling off, suggesting that profit-taking could be underway. Should unfavorable news arise—such as network downtimes or an overall bearish turn in the crypto market—a more significant retracement toward the $158 level may occur, establishing a new support area for SOL.
Solana’s journey toward trending supremacy is unfolding, and the outcome will depend on whether whales maintain support or let the consolidation deepen.
#solonapumping #SolanaUSTD #tonecoin #TRX✅ #BinanceBlockchainWeek