Solana has surpassed 5 million new addresses daily, showcasing strong network expansion. Investor confidence is evident with a 4.4% rise in SOL prices in 24 hours, reinforced by an uptick in long positions, indicating bullish sentiment among traders.

Despite signs of short-term volatility due to overbought conditions reflected by an RSI nearing 65, the SOL market exhibits strong momentum. Increased open interest indicates ongoing real investments rather than mere speculation, supporting SOL’s sustained growth.