The SOLUSDT Perpetual Futures contract is trading at $174.10, marking a solid daily increase of +5.02%. The mark price is slightly higher at $174.13, indicating market strength and consistent price action. Over the past 24 hours, SOL has traded between a low of $164.50 and a high of $176.73, reflecting a volatile but bullish trend. The trading volume in this period has been substantial, with 22 million SOL exchanged, translating to $3.75 billion USDT, signaling strong investor interest and liquidity.
Technically, the price has bounced sharply from recent lows around $164.25, reclaiming ground above the MA(7) at $169.64 and MA(25) at $170.17, while still testing the MA(99) at $170.26. This move reinforces a bullish recovery, especially after the recent dip. The consistent rise accompanied by a surge in green volume bars supports the breakout attempt. Momentum is building as price action forms higher lows and approaches previous resistance levels.
The RSI(6) is currently at 66.78, nearing overbought territory but still suggesting room for additional upside before reaching extreme levels. This reading aligns with the strong rebound and indicates that buyers are currently in control, though caution may be needed as RSI approaches 70.
In terms of performance, SOLUSDT has posted mixed results across various timeframes:
Today: -0.92% (intraday pullback within a broader uptrend)
7 Days: +2.14%
30 Days: +30.59%
90 Days: -2.34%
180 Days: -28.12%
1 Year: +2.05%
These figures reflect a strong short-term momentum recovery, particularly over the past month, while long-term performance remains modest. The current technical structure and volume expansion point to a potential continuation of the bullish move, especially if price remains above short-term moving averages and the RSI holds below extreme thresholds.