Solana (SOL) is currently trading around $145 to $148. It has shown some signs of a potential bullish breakout but is also facing bearish momentum in the short to medium term, trading below key moving averages. The price has experienced a slight decrease over the last 24 hours, and trading volume has also decreased.
Technically, SOL is attempting to break through a horizontal support zone. The Relative Strength Index (RSI) suggests a neutral to approaching oversold market sentiment. Investors are monitoring for a potential breakout above $160 or a drop below $145.
Recent news includes developments around potential XRP ETFs and the SEC's decisions on crypto ETF approvals, though these are not directly related to Solana's fundamentals.