Solana price analysis (Bullish) — 138.02 USDT (+5.35% 24h)

SOL is showing robust momentum, trading at $138.02 with a solid 5.35% gain over the past 24 hours. The current price sits above both the 20-day SMA ($136.41) and 50-day SMA ($133.24), indicating a healthy uptrend remains intact. With RSI at 59.45, SOL maintains bullish momentum without entering overbought territory, suggesting room for further appreciation. The $540M+ daily volume confirms strong institutional and retail interest, though the 5% volatility reading warrants caution for leveraged positions. Traders should watch for a sustained break above $140, which could trigger the next leg up toward $150 resistance. Consider accumulating on dips toward the $135 support level, maintaining stop-losses below $130 given the elevated volatility environment. The technical setup favors continuation, but position sizing remains critical in current market conditions.