The Relative Strength Index (RSI) for SOL is currently at 45.52. That’s just below the neutral 50 level and reflects weak buying strength. Two days ago, the RSI had dropped as low as 21.53, indicating oversold conditions. The slow recovery suggests sellers have relaxed, but buyers aren’t showing strong confidence yet.
Meanwhile, Solana’s BBTrend indicator has fallen to -14.19 – the lowest point since March 13. This drop signals growing bearish momentum. The BBTrend, which tracks volatility and trend direction, shows that downward pressure could be building again.
Solana’s price structure also remains under pressure. The EMA lines—used to show price trends—continue to signal a bearish setup. Short-term averages are staying below long-term ones, pointing to seller dominance.
If SOL keeps pushing higher, it could test resistance near $120. Breaking above that may open the way to $134. But if sellers take over again, the coin could slide back to $95. A fall below that might send Solana under $90, a level not seen since January.
For now, Solana is recovering, but market signals suggest caution. Without stronger buyer momentum, the recent bounce may not hold.
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2025-04-10 01:31:36
