Altcoin price moves often fail without accompanying on-chain activity and volume. SOL's breakout to $94.21 is backed by verified DEX activity, not just speculative spot buying. That distinction matters for sustainability.
SOL's recent upgrade cut slot confirmation time from 400ms to 350ms, improving network speed. The timing aligns with this DEX activity surge—developers and traders are testing the faster network, building conviction in the upgrade's real-world benefits.
Daily RSI sits at 79.78 (overbought) while 1-hour RSI cooled to 48.08. This divergence suggests room for intraday consolidation without signaling trend reversal—healthy behavior for a sustained breakout.
Watch Raydium and Orca for sustained activity. If fees drop back to pre-surge levels while price holds, conviction weakens. If both price and on-chain activity sustain, SOL has permission to test the $100 milestone.
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