• Apart from SOL’s price, the blockchain’s TVL also surged over the last few days.
• Most metrics looked bullish on SOL, but the RSI and MFI were bearish. 

The entire crypto market turned bullish of late, which allowed most cryptos to paint their charts green. While the market gained momentum, Solana [SOL] surprised investors as its price registered an unprecedented high. 

Read Solana’s [SOL] Price Prediction 2023-24

This happened at the time when the blockchain’s TVL spiked, which was encouraging to look at. However, a closer check of the blockchain’s ecosystem revealed that the price uptrend might not last as long as many might have expected.

Solana is outperforming the rest

While most of the cryptos registered gains, SOL somewhat took investors by surprise as its price skyrocketed over the past week. According to CoinMarketCap, SOL’s price surged by more than 25% in the last seven days. In fact, the token’s price went up by over 14% in just the last 24 hours.

At the time of writing, SOL was trading at $24.36 with a market capitalization of over $10 billion. Thanks to the recent price uptrend, Solana managed to flip Dogecoin [DOGE] and Cardano [ADA] to become the seventh-largest crypto by market cap.

BREAKING: $SOL FLI

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Author: Dipayan Mitra

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