Solana price analysis (Bullish) — 139.56 USDT (+1.13% 24h)

SOL is showing resilience with a current price of $139.56, trading above both its 20-day ($137.64) and 50-day ($136.08) moving averages. This indicates underlying strength and potential for continued upward momentum. The 1.13% gain over 24 hours comes alongside substantial trading volume exceeding $442 million, suggesting genuine institutional interest rather than retail speculation. With RSI at 64.77, SOL approaches overbought territory but still maintains room for growth before hitting extreme levels. The 4.92% volatility reading reflects healthy market activity without excessive risk. Traders should consider accumulating on dips toward the $137 support level, with initial resistance likely around $145. Position sizing remains crucial given crypto’s inherent volatility, though the technical setup favors cautious optimism for near-term appreciation.