Over the last week, Solana (SOL) has experienced a 9% price increase with its market capitalization now standing at 103 billion USD. Despite this upward Movement, trading volume has dropped by 34% in the past 24 hours, now totaling 2.4 billion USD. This highlights a curious juxtaposition in the asset’s market dynamics.

Positive signals such as the Chaikin Money FLOW (CMF) and a ‘golden cross’ suggest a potential upward trend for SOL. However, maintaining a key support level at 211 USD is critical for sustaining a bullish scenario. The CMF indicates a positive cash FLOW of 0.23, showing continuing investor interest in Solana.

The average directional index (ADX) has surged, signaling a robust upward trend for Solana. Predictions indicate that if the 211 USD support is maintained, SOL could aim for the next resistance at 221 USD and possibly towards 246 USD. The ADX highlights this growth trend, providing confidence in the asset’s potential rise.