This chart shows that $SOL is experiencing a strong upward move, with its price sitting at 198.31 USDT, up 9.65% in the last 24 hours. That’s a sizable daily jump, especially considering it’s trading just under its 24h high of 204.96. The 24h low of 180.70 indicates the rally had a solid base earlier in the day.
From a technical perspective, SOL is currently above its 25-day and 99-day moving averages, but slightly below its 7-day MA (200.41). This suggests the short-term trend is strong but might be consolidating before another push. The high trading volume (8.42M SOL) compared to the large USDT turnover (1.64B USDT) reflects heavy market activity, often a sign of continued volatility.
