Solana (SOL) is gaining attention with signs of a potential price surge. As of September 10, 2024, SOL’s price rose by over 5%, reaching around $134.6, and its trading volume jumped by 115%, indicating strong interest from traders and investors.

Technical analysts note SOL is facing resistance around $135. If it closes above this level, the price could rally by up to 35%, potentially hitting $185. While SOL remains below its 200-day EMA, the RSI shows a bullish divergence, signaling a possible trend reversal.

On-chain metrics also support this outlook. SOL's OI-Weighted Funding Rate is positive, reflecting bullish sentiment. With a Long/Short ratio of 1.12, 53.25% of top traders are holding long positions. For a significant move, SOL must break above the $138 resistance level.