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The relative strength index (RSI) for SOL has climbed from 36 to 47
indicating growing bullish momentum in the market. It is essential to note that this article does not provide investment advice
Solana’s decentralized exchange (DEX) volumes have soared by over 90% since April 11
reaching $3.14 billion. The network has outperformed the Ethereum layer-2 ecosystem in terms of DEX activity
Positive funding rates in SOL’s perpetual futures markets further support the bullish trend. Funding rates have turned positive
indicating a favorable environment for price appreciation as more capital flows into the market. Additionally