Related Reading: Polkadot Could Present Buying Opportunity As Bullish Outlook Continues The technical outlook of Solana has pointed towards the bulls, but the chart also reveals that as the coin has been overbought, SOL would eventually witness a price correction.
Related Reading: This Metric Suggests Bitcoin Could Be In Danger Of Another Selloff The Bollinger bands, which indicate volatility, also drew apart, which meant that the coin would witness considerable price fluctuations over the next few trading sessions.
The amount of Solana traded in the last session increased and was green, which meant that the coin depicted bullish momentum.
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