Solana rose more than 5% in 24 hours to $106.71 as a key governance vote potentially reducing future SOL supply added to the rally. Sustained spot ETF inflows also supported the altcoin’s price action. SOL had turned bullish on the weekly chart after consolidating between $67 and $100. Its weekly RSI (momentum indicator) stood at 60.37, showing buyers held the advantage without reaching overbought conditions. The MACD (trend and momentum indicator) was above its Signal line but below zero, leaving the broader bullish trend unconfirmed, while a recent OBV (volume-based buying-pressure indicator) uptick offered a positive sign. SOL broke above $97.37 resistance on Aug. 24, 2026, a level it had not breached since early February 2026, and bulls were attempting to defend it as support. The daily RSI was 81.31, placing the market firmly in overbought territory, although the broader weekly trend suggested the rally could continue. Daily MACD readings remained above both the Signal and zero lines, while a slight OBV decline indicated possible near-term cooling. On the four-hour chart, RSI had fallen out of overbought territory to 68.08, MACD remained above its Signal and zero lines, and rising OBV showed that buying pressure continued to support the advance.