Solana Price Update: TVL Nears $9.3B, Firedancer Aims to Boost Throughput

The Solana price continues to be affected by various technical and fundamental factors. According to recent data, the RSI is at 30.97 and MFI is at 17.93, indicating oversold conditions. The ADX is also showing a strong trend with a value of 51.15.

In terms of fundamentals, the TVL near $9.3 billion is seen as a positive signal for DeFi depth and collateral capacity. This can support market makers, lending markets, and liquid staking. Additionally, the Firedancer client aims to boost throughput and improve resilience through client diversity.