TLDR
- A rare MACD buy signal has emerged on Solana’s weekly timeframe, historically followed by price surges ranging from 100% to 860%
- Weekly RSI climbed to 35 from February’s low of 25, mirroring conditions at the 2022 bear market floor
- Daily chart reveals symmetrical triangle formation suggesting potential breakout toward $130
- Critical resistance zone between $90-$96 contains approximately 9.9 million SOL tokens held at $90-$92 average entry
- Technical analyst Ali Charts identified Bollinger Band compression on 3-day timeframe, designating $77-$94 range as consolidation area
Solana (SOL) has triggered a bullish MACD crossover on its weekly chart—a technical signal that historically preceded significant upward price movements during past market cycles. The cryptocurrency is presently hovering near $85-$86 following a retreat from its weekly peak of $89.
The weekly MACD indicator has generated a bullish cross, with the MACD line moving above its signal line. This identical pattern materialized in May 2025, shortly before SOL surged from approximately $125 to exceed $250—representing a gain near 100%.
Historical data shows comparable crossovers preceded an 860% rally during 2023 and a 617% advance in 2021.
Meanwhile, the weekly RSI indicator has rebounded to 35 from its mid-February reading of 25. This current RSI level corresponds with the same measurement observed at Solana’s 2022 bear market low, which subsequently sparked a massive 2,500% climb to $210 by March 2024.
Market analyst Tyler Hill highlighted that Solana’s RSI declined to sub-35 territory for the first occurrence in 1,200 days. According to Hill, the previous instance marked the bear market bottom and initiated a 3,000% price expansion.
Analyst Sixtysecondalpha emphasized that this MACD crossover emerged following its “lowest stretch ever.” When combined with positive RSI divergence signals, they projected SOL was positioned for its “most powerful move” over the past two years.
$130 Breakout Target in Play
Analyzing the daily timeframe, SOL has developed a symmetrical triangle consolidation pattern. The critical breakout threshold is positioned at $90. Should the price secure a daily close above this level, the pattern’s measured objective points to approximately $130—representing roughly 50% upside from current price levels.
The daily RSI has advanced to 52 from its deeply oversold reading of 11 recorded on February 6, signaling strengthening bullish momentum.
$90 Resistance Remains the Key Hurdle
The $90-$96 price range represents a significant technical obstacle. Glassnode on-chain data indicates that approximately 9.9 million Solana tokens are currently held by investors with an average acquisition price between $90-$92. A substantial portion of these investors may choose to exit positions at break-even levels, potentially creating selling pressure that could impede upward momentum.
Additionally, the convergence of 100-day moving averages within this zone strengthens the resistance structure.
Crypto analyst Ali Charts drew attention to Bollinger Band compression developing on the 3-day chart, with price action squeezed between $77 and $94 boundaries. Ali Charts characterized this consolidation range as a “no-trade zone” and recommended traders exercise patience for a decisive 3-day candle close beyond the bands before entering positions.
Solana currently maintains support within the $85-$86 zone as bullish traders work to recapture the pivotal $90 threshold.
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