$SOL is testing the $135 support level, aligning with the 50-day EMA. The Sharpe ratio has risen to 1.32, indicating potential for extended price rallies. Chaikin Money Flow (CMF) has surged above zero, signaling renewed buying pressure.

Solana's stable coin market cap has reached a new all time high of $12.73 billion, reflecting strong momentum within the broader stable coin market.