Solana Breaks New High, Potential Breakout Zone Emerges

Solana (SOL) has surged past the $145 mark, reaching an all-time high of $146.40. This recent rise comes after a week of steady growth, with a 2.13% gain in the past 24 hours and 2.48% increase over the last week. However, SOL is currently consolidating, exhibiting a tighter trading range. Technical indicators remain neutral with the RSI at 54.47 indicating neither oversold nor overbought conditions. The Chaikin Money Flow (CMF) at 0.06 indicates light buying activity and key support levels remain intact at $130 and $114, while resistance has formed just below the $150 level.