Solana Surges: Solana has surged 4.42 per cent to $211.78, and it has broken the $210-mark with heavy volume and good technical analysis.
SHIB Stalls: Shiba Inu was supported at 0.00001248 with a range-bound momentum even though there was huge trading volume of 870.38B.
Polkadot Steadies: Polkadot was gaining by 1.83, but it was within its range of 3.80 4.00, which is another expression of consolidation without breakout.
The cryptocurrency market has recorded varying performances, with Solana recording significant growth, Shiba Inu holding steady, and Polkadot trading in a stable market. Every token represented different movements in momentum that underscored continued volatility. These moves underscored the diverse conditions shaping the market ahead of a possible altcoin season.
Solana Extends Gains with Fresh Breakout
Solana closed at $211.78, posting a 4.42% daily increase that pushed the token to new session highs. The price moved between $203.19 and $216.87, reflecting strong volatility. The bullish performance showed continued buyer dominance across key intraday levels.
The token has trended upward since late June with higher highs and higher lows. A breakout above $210 confirmed renewed upward pressure. Rising volume, recorded at 61.53K, signaled strong conviction behind the latest move.
Momentum indicators highlighted strength but also suggested possible consolidation. The RSI closed at 80.90, placing Solana in overbought territory. Meanwhile, the MACD reading of 6.98 supported continued bullish pressure with the histogram holding positive.
Shiba Inu Consolidates After Previous Rallies
Shiba Inu ended the session at 0.00001251 with a marginal 0.08% gain. The day’s range extended between 0.00001240 and 0.00001273. The movement reflected flat performance after periods of sharp volatility earlier in July and August.
The token showed repeated failed attempts to break higher. Support near 0.00001248, tracked by the ALMA (9) line, continues to hold. Daily trading volume stood at 870.38B, displaying activity but without clear directional momentum.
Technical signals revealed indecision. The MACD line at -0.00000015 stayed below the signal line, showing weak momentum. The flat histogram confirmed Shiba Inu remained range-bound.
Polkadot Holds Within Sideways Range
Polkadot closed at $3.9074, recording a 1.83% gain while trading between $3.8049 and $4.0209. The move displayed moderate volatility. The asset has continued to trade within a defined range throughout August.
Support has held near $3.87, maintained by the ALMA (9) line. Repeated tests of the $3.80–$4.00 zone have confirmed consolidation. Volume reached 920.3K, reflecting stability but not the surge required for breakout moves.
Momentum indicators pointed to neutrality. The MACD line at -0.0032 remained below the signal line of 0.0104. The histogram reading of -0.0136 signaled weak directional conviction.
Market Summary
Solana delivered strong gains, Shiba Inu displayed neutral consolidation, and Polkadot maintained steady range-bound movement. Together, these tokens highlighted varied conditions across the market. Their combined performance reinforced the mixed outlook shaping the path toward an anticipated altcoin season.
