Biggest Movers: SOL Rallies Towards $30, Following 33% Surge in Price

Biggest Movers: SOL Rallies Towards $30, Following 33% Surge in Price

Solana has undoubtedly been one of this week’s biggest gainers, with price rallying by as much as 33% in recent days. The move comes as the global crypto market cap remained mostly in the green to start the weekend. Chainlink was another big mover, hitting a three-week high.
Solana (SOL)
Solana (SOL) was on the cusp of entering the $30.00 level on Saturday, as bullish momentum continued to intensify.
SOL/USD peaked at $29.74 to start the weekend, following a low at $26.39 the day prior.
Today’s move saw solana climb to its strongest point since July 14, when price hit a high of $32.40.
Overall, solana has risen by as much as 33% in the past seven-day period, with today’s surge leading to yet another breakout on the relative strength index (RSI).
Price strength climbed beyond a ceiling at 74.00 earlier in the day, and is now at a reading of 78.90.
As a result of SOL now being significantly overbought, there is a chance that bears could be looming waiting to send the price lower.
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