Solana's price has reached a new high of $218.01, representing a 4.93% gain in 24 hours. Various technical indicators, including MACD and Bollinger Bands, align to signal a strong upward momentum, painting an optimistic picture for Solana's market trajectory.
Institutional confidence in Solana is reflected through a smart money sentiment score of 3.94. This provides insight into the positive attitude of larger, informed investors towards Solana.
Despite a drop in social volume from 1,289 to 527, which may indicate some level of market consolidation, Solana maintains a slightly bullish outlook. The long/short ratio stands at 1.0222, showcasing a balanced but leaning-toward-bullish market sentiment.
