$SOL recently moved above $90 and is now treating that level as support, reaching about $94.2 — its highest price this month. Daily trading volume increased by roughly 102%, suggesting stronger market participation.
Derivatives activity also picked up, with a noticeable rise in perpetual and futures trading. This often indicates that traders are becoming more active in positioning for potential moves.
On the spot side, more than $300M worth of $SOL was withdrawn from exchanges within 24 hours. The $86–$91 area is currently acting as an important demand zone.
Technically, the RSI is above 60 and the price has moved back above the EMA20, both signals traders often watch when assessing short-term momentum.
