Key Takeaways
- A bullish MACD crossover has emerged on Solana’s weekly timeframe, a signal that historically triggered rallies ranging from 100% to 860%
- Weekly RSI has bounced to 35 from a February low of 25, mirroring conditions at Solana’s 2022 bear market floor
- Daily chart reveals a symmetrical triangle formation suggesting a potential breakout toward $130
- Critical resistance zone between $90–$96 holds approximately 9.9 million SOL tokens at average entry prices of $90–$92
- Technical analyst Ali Charts identified a Bollinger Band compression on the 3-day timeframe, designating $77–$94 as a neutral zone
A significant technical development has emerged for Solana (SOL) as its weekly chart displays a MACD buy signal — the identical pattern that sparked substantial price advances during prior market cycles. The digital asset is presently fluctuating near $85–$86 following a retreat from its weekly peak of $89.
The weekly chart shows the MACD line surpassing its signal line, replicating the crossover observed in May 2025. That particular signal preceded SOL’s ascent from approximately $125 to beyond $250, delivering roughly 100% returns.
Historical data reveals comparable signals generated gains of 860% throughout 2023 and 617% during 2021.
The weekly RSI indicator has recovered to 35 from its mid-February reading of 25. This corresponds to the RSI level present at Solana’s 2022 bear market nadir, which subsequently launched a 2,500% surge reaching $210 by March 2024.
Market analyst Tyler Hill observed that Solana’s RSI descended below 35 for the first occurrence in 1,200 days. According to Hill, the previous instance at these levels signaled the bear market conclusion and initiated a 3,000% price expansion.
Analyst Sixtysecondalpha highlighted that this MACD crossover followed the indicator’s “lowest stretch ever.” Coupled with constructive RSI divergence patterns, they projected SOL was positioning for its “most powerful move” within the past two years.
Symmetrical Triangle Points to $130 Target
Solana’s daily chart configuration displays a symmetrical triangle consolidation pattern. The critical breakout threshold resides at $90. Should price action secure a daily close above this level, technical analysis projects a measured objective of approximately $130, representing roughly 50% upside from present valuations.
The daily RSI has advanced to 52 from an extremely oversold condition of 11 recorded on February 6, indicating strengthening upward momentum.
Critical Resistance Zone at $90 Poses Challenge
The $90–$96 price region represents a substantial obstacle for bulls. Glassnode analytics reveal that approximately 9.9 million Solana tokens are currently held by market participants with average acquisition costs between $90–$92. These positioned holders may seek to liquidate at breakeven prices, potentially creating selling pressure that could impede upward progression.
Additional technical barriers emerge as the 100-day moving averages intersect within this identical zone, reinforcing resistance dynamics.
Technical analyst Ali Charts drew attention to an emerging Bollinger Band squeeze 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 decisive 3-day candle closure beyond the bands before initiating positions.
SOL maintains support within the $85–$86 corridor as bullish traders persist in efforts to recapture the psychologically significant $90 threshold.
