Solana Price Recovery Signal Emerges
- Technical Signal Reversal: The SuperTrend indicator has flipped to green on the three-day chart for the first time since 2025, marking a bullish signal that historically indicates trend reversals rather than mere bounces, potentially impacting investor sentiment.
- Long Position Increase: On a major derivatives exchange, long positions account for approximately 65% of open contracts, indicating that larger traders are consistently adding exposure during price fluctuations, suggesting strong market confidence in Solana.
- Stable Funding Rates: The open-interest weighted funding rate remains positive at 0.0027%, indicating that traders holding long positions are willing to pay a small premium to maintain their positions, reflecting steady demand rather than a speculative rush.
- Key Price Levels: Solana's price has rebounded from a low near $60 and is currently facing resistance at $84; a confirmed breakout above this level could lead to $90, although a pullback to the $78 support level remains a possibility before any further upward movement.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 58.107 | 64.229 | 71.737 | 77.859 | 85.367 | 91.489 | 98.997 |
| Fibonacci | 64.229 | 69.435 | 72.652 | 77.859 | 83.065 | 86.282 | 91.489 |
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