Solana price analysis (Neutral) — 156.76 USDT (+0.60% 24h)

SOL continues to demonstrate impressive momentum, currently trading at $156.76 with a modest 0.6% gain over the past 24 hours. The technical picture reveals some concerning signals despite the positive price action. With RSI sitting at 73.2, SOL is firmly in overbought territory, suggesting the current rally may be approaching exhaustion. The price remains above the 20-day SMA of $154.94 but has slipped below the 50-day SMA of $157.40, indicating potential resistance ahead. Trading volume of $663 million remains healthy, supporting the current price level, while volatility of nearly 4% suggests traders should expect continued price swings. For traders, consider taking partial profits at current levels and setting stop-loss orders below $152. New positions should wait for either a healthy pullback to the $148-150 support zone or a confirmed breakout above the 50-day SMA with strong volume. The risk-reward ratio favors caution at these elevated levels.