Key Highlights
- A bullish MACD crossover has emerged on Solana’s weekly timeframe, historically preceding rallies ranging from 100% to 860%
- The Relative Strength Index has climbed to 35 from oversold territory at 25 during mid-February, mirroring the levels observed during Solana’s 2022 market bottom
- Technical analysis reveals a symmetrical triangle formation on daily charts suggesting a potential move to $130
- Critical resistance zone located between $90–$96, where approximately 9.9 million SOL tokens are held with average entry prices of $90–$92
- Ali Charts identified a Bollinger Band compression on the 3-day timeframe, designating $77–$94 as a consolidation range
Solana (SOL) has triggered a bullish MACD crossover on its weekly chart — an identical technical pattern that has historically signaled significant upward price movements in past market cycles. The cryptocurrency is presently trading in the $85–$86 range following a retreat from its weekly peak of $89.
On the weekly timeframe, the MACD line has successfully crossed above its signal line. This identical technical formation materialized in May 2025, preceding SOL’s surge from approximately $125 to levels exceeding $250, representing roughly a 100% appreciation.
Historical data shows comparable signals emerged before substantial gains of 860% throughout 2023 and 617% during 2021.
The weekly Relative Strength Index has recovered to 35, advancing from the 25 level registered in mid-February. This current reading aligns with SOL’s RSI positioning at the conclusion of the 2022 bear cycle, which subsequently triggered a remarkable 2,500% advance reaching $210 by March 2024.
Market analyst Tyler Hill highlighted that Solana’s RSI had descended to sub-35 territory for the first occurrence in 1,200 days. According to Hill’s analysis, the previous instance at these depths identified the bear market floor and initiated a 3,000% price expansion.
Analyst Sixtysecondalpha observed that the MACD crossover materialized following its “lowest stretch ever.” When combined with positive RSI divergence indicators, they projected SOL is positioned for its “most powerful move” witnessed over the past two years.
Technical Pattern Suggests $130 Price Objective
Examining the daily chart reveals SOL has constructed a symmetrical triangle configuration. The critical breakout threshold is positioned at $90. Should price action achieve a close above this level, the projected technical target derived from this pattern reaches approximately $130, representing roughly 50% upside from current valuation.
The daily RSI has advanced to 52 from severely oversold conditions at 11 recorded on February 6, suggesting strengthening upward momentum.
$90 Zone Represents Critical Resistance Barrier
The $90–$96 price region constitutes a substantial technical obstacle. Blockchain analytics from Glassnode indicate approximately 9.9 million Solana tokens are currently held by market participants with average acquisition costs between $90–$92. A considerable portion of these investors may look to exit positions near break-even levels, potentially creating selling pressure that could impede upward momentum.
Additionally, the 100-day moving average indicators intersect within this zone, establishing additional technical resistance layers.
Technical analyst Ali Charts drew attention to a Bollinger Band compression pattern developing on the 3-day chart, with price action confined between $77 and $94. Ali Charts characterized this range as a “no-trade zone” and recommended market participants await a definitive 3-day candle closure beyond these boundaries before initiating positions.
SOL continues maintaining support within the $85–$86 zone as market bulls persist in efforts to recapture the pivotal $90 threshold.
