Solana (soil) increased by 28.4% in the last month, but its momentum slowed down. After briefly touched $ 184, he only earned 0.78% in the last seven days. Despite this, Solana continues to dominate Dex measures, leading all the channels with $ 27.9 billion in weekly volume.
The wider ecosystem remains active, with several applications based on Solana among the best generators of costs. However, technical indicators such as RSI, the Ichimoku cloud and the EMA lines suggest that the rally can lose steam, signaling a potential period of future consolidation or correction.
Solana directs Dex Market with a weekly volume of $ 27.9 billion and an activity of the application up
Solana continues to assert its domination in the ecosystem of decentralized exchanges (DEX), leading all the chains in commercial volume for the fourth consecutive week.
In the past seven days only, Solana recorded $ 27.9 billion in DEX volume – overestimating the BNB, Ethereum, Base and Arbitrum chain.
The weekly DEX volume for Solana jumped 45.78%, reporting a strong resurgence of chain activity after having reduced activity between March and April.
This increase is a peak and part of a broader trend, the volumes remaining constantly above the $ 20 billion bar during the last month.
Adding to its momentum, Solana is home to four of the ten applications and chains generating the highest costs of last week. This includes familiar platforms and newcomers, showing healthy diversity in the ecosystem.
Believe the application, a new launch of Solana, based in Solana, stands out in the recent wave. In the past 24 hours only, he generated $ 3.68 million in fees, which allowed well -established platforms like Pancakeswap, UNISWAP and TRON.
The momentum cools for soil while the indicators become neutral
The Relative force index of Solana (RSI) fell to 51.99, against 66.5 only three days ago, signaling a clear loss of the bullish momentum.
In recent days, the RSI has oscillated between 44 and 50, reflecting a more neutral market feeling after having almost attracted the conditions.
This change suggests that traders are more cautious and that recent gains can cool.
The RSI is an indicator of Momentum which varies from 0 to 100, with values above 70 indicating outsourcing conditions and less than 30 territory of signaling. At 51.99, Solana is in the neutral area, which generally suggests a period of consolidation or indecision.
If the RSI is again above 60, it could point a renewed upward force; If it drops below 45, an additional drop pressure can follow.
Solana’s Cloud Ichimoku graphic shows a period of consolidation after a strong upward trend, with key signals now suggesting indecision.
The price hovers near the Kijun-Sen (red line) and Tenkan-Sen (blue line), which both started to flatten-indicating a slowdown in the momentum.
The Span Chikou (green shift line) remains above candles, which suggests that the wider trend still has a bruise biser. However, the lack of distance between this one and the current action of the prices reflects a weakening of the force.
The Kumo cloud (shaded green and red zone) is always optimistic, the lines of reach of the main propagating, providing support under the current price.
However, with candles that now interact closely with the Kijun-Sen and not moving strongly above Tenkan-Sen, the short-term feeling seems careful.
If the price can push decisively above the blue line, the momentum can return, but any drift in the cloud could point out the start of a more prolonged consolidation phase or a potential tendency reversal.
The EMA Haussier structure of Solana faces a slowdown in the momentum
Solana’s EMA lines remain optimistic, short-term mobile averages positioned above the longer term averages. However, the gap between these lines is narrowed, which suggests that the upward momentum is weakening.
Solana Price has recently failed to pass a key resistance level, and although a Retest can pave the way for the recovery of the $ 200 zone, the lack of strong follow -up raises questions about the strength of the trend.
Completing this prudent perspective, the Ichimoku Cloud and RSI indicators indicate a potential recharge time. Solana recently held a significant level of support but remains vulnerable – if the support of breaks, more downwards could follow.
The wider structure is still leaning optimistic, but the market seems to be at a crossroads. The next decision probably depends on the question of whether buyers can recover the initiative or the sellers grow through the main lower levels.
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