Key Highlights
- A MACD crossover on the weekly timeframe has emerged, historically appearing before rallies ranging from 100% to 860%
- Weekly RSI climbed to 35 from 25 in mid-February, reaching levels last observed at the 2022 bear market low
- Daily chart reveals a symmetrical triangle formation with a measured objective of $130 upon breakout
- Critical resistance zone exists between $90–$96, where approximately 9.9 million SOL tokens are held at $90–$92 average entry prices
- Technical analyst Ali Charts identified a Bollinger Band compression on the 3-day timeframe, designating $77–$94 as a consolidation range
The weekly chart for Solana (SOL) has generated a MACD buy signal, matching technical patterns that historically preceded significant upward price movements. The token currently trades near $85–$86 following a retracement from its weekly peak of $89.
On the weekly timeframe, the MACD line has crossed upward through the signal line. This identical crossover materialized in May 2025, preceding a rally that lifted SOL from approximately $125 to above $250, representing a gain near 100%.
Previous occurrences of this technical pattern aligned with advances of 860% during 2023 and 617% throughout 2021.
The weekly RSI indicator has advanced to 35, improving from the 25 level recorded in mid-February. This current reading mirrors the RSI position at Solana’s 2022 bear market floor, which served as the launching point for a 2,500% surge reaching $210 by March 2024.
Market analyst Tyler Hill observed that Solana’s RSI reached sub-35 territory for the first occurrence in 1,200 days. According to Hill, the previous instance at these levels coincided with the bear market bottom and initiated a 3,000% price expansion.
Analyst Sixtysecondalpha highlighted that the MACD crossover occurred following an extended period at historical lows. When combined with bullish RSI divergence signals, they characterized SOL as positioned for a significant directional move over the coming two-year period.
Symmetrical Triangle Projects $130 Objective
Solana’s daily chart displays a symmetrical triangle consolidation pattern. The critical breakout threshold sits at $90. A daily close exceeding this level would activate a measured projection target near $130, representing approximately 50% upside potential from current valuation.
The daily RSI has advanced to 52 from deeply oversold conditions at 11 recorded on February 6, indicating strengthening momentum characteristics.
$90 Zone Presents Critical Technical Barrier
The $90–$96 price region represents a substantial technical obstacle. Glassnode data reveals approximately 9.9 million Solana tokens held by market participants at average acquisition costs between $90–$92. These position holders may initiate selling activity near break-even levels, potentially creating headwinds for upward price action.
The 100-day moving average indicators also intersect within this zone, contributing 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 contained between $77 and $94. Ali Charts characterized this range as a consolidation zone and recommended traders await a definitive 3-day candle closure beyond the bands before initiating positions.
SOL maintains support within the $85–$86 range while buyers work to recapture the $90 threshold.
