Solana, currently ranking as the fifth-largest cryptocurrency by market capitalization, has experienced a notable price surge of 12.6% over the last seven days.
At the beginning of the month, Solana's price was set at $152.52, and it has now climbed to $172.83.
This continued upward trend signifies a total rise of 13.31% in Solana's market value within this short period.
However, the rapid appreciation in Solana's price has led analysts to identify the asset as entering overbought territory.
This has sparked discussions and expectations regarding a potential correction or pullback in the price.
As investors evaluate the current market conditions, there is widespread interest in how Solana's price will react in the coming days.
