Solana (SOL) is trying to recover from the correction of nearly 12 % over the past seven days. The relative power index has risen to seen lands, indicating a strong rise. However, Bbtrend is still very negative – although it has begun to dilute, hinting to potential stability.
Meanwhile, EMA lines are prepared with a potential golden cross, indicating that the reflection of the direction can be formed if the main resistance levels are broken. However, with Ethereum Solana exceeded the DEX size for the first time in six months and critical support levels of no less than much less, Sol remains in a delicate position.
Sol RSI is now at peak levels
The Solana Relative Power Index (RSI) increased to 72.91, with a sharp increase from 38.43 just one day ago – which led to a rapid shift in momentum from neutral lands to Al -Soudia strongly.
RSI is a momentum that is widely used to measure the speed and size of price movements on a scale from 0 to 100.
The above readings usually indicate that the original may be at the height of the peak and may be due to withdrawal, while levels less than 30 indicate the appearance of excessive conditions and the possibility of a recovery.
With the Solana RSI now above 70, the original officially entered into the peak area, which reflects the intense purchase pressure in the short term.
Although this may sometimes preceded correction or unification, it can also indicate a rally.
Traders should closely watch the signs of continuity or exhaustion. If the momentum continues, Solana may lead to the top, but any stopping may lead to short -term profits and fluctuations.
Solana Bbtrend decreases, but it is still very negative
The Solana’s Bbtrend Index rose to -11.18 a little after reaching the lowest level in -12.68 earlier today. This indicates that the declining momentum began to mitigate.
BBTRand (Bollinger Band Trend) measures the strength and direction of direction based on how the price interacts with Bollegerer.
The values below usually indicate strong downward pressure, while the values reflect higher than +10 strong upward momentum. The height of the BBTREND from the deep negative lands can be an early sign of a possible reflection or at least slowing in the declining direction.
As Sol’s Bbtrend continues in the Habboudia area, but improvement, the market may try to settle after a period of intense sale.
However, the developments of the broader ecosystem complicate the technical image. For example, ETHEREUM recently exceeded Solana in the size of Dex for the first time in six months.
While Bbtrend that reduces hints to the recovery capabilities, Solana still needs stronger confirmation to turn the entire direction in favor of it. Until then, there may be a justification for cautious optimism, but the bears did not leave it completely.
Solana still faces challenges in front of her
Solana’s EMA lines offer signs of an imminent golden cross. The golden cross occurs when a short -term average is intersecting in the long run. This upscale signal is often seen that can mark the beginning of the continuous upward trend.
If this style is confirmed and the purchase momentum continues, Solana Price may increase resistance at $ 131.
A successful collapse above this level may open the door for more gains about $ 136, and perhaps up to $ 147.
However, the negative risks remain if buyers fail to get recent gains.
If Sol declines back and lost the main support at $ 124, this may increase pressure, which leads to a decrease in the price to $ 120.
If the landmark gains strength from there, Sol may re -visit deeper support levels about $ 112.
Disintegration
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