After forming a local top in September within the red resistance box and printing a clear M-pattern, Solana (SOL) experienced a strong pullback. The price briefly dropped below both the 50-day EMA and the psychological $200 level. However, buyers quickly stepped in, pushing SOL back above the 50 EMA — a key signal that the token has reentered its broader bullish trend.
Currently, SOL is consolidating tightly between $225–$235. The heatmap reveals liquidity building just below this range — a short dip could sweep that area before continuation higher. Above the current price, liquidity clusters are even denser, suggesting that once momentum returns, Solana could accelerate to test upper resistance zones.
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Momentum and Indicators
The MACD continues to show bullish momentum, while the RSI holds steady above the 50 line — both confirming an intact bullish structure. As long as SOL trades above the 50 EMA, the broader setup remains positive. A brief dip would likely act as a healthy correction within trend, offering fresh long opportunities.
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4H Chart Structure
On the 4-hour chart, Solana maintains strong technical posture. Liquidation maps show a neutral delta, meaning long and short positions are balanced. The MACD stays flat but constructive, with no visible bearish divergence. The RSI remains above 50, reflecting ongoing buying pressure.
The 50 EMA acts as dynamic trend support, guiding price upward. Structurally, an ascending triangle is forming — a classically bullish continuation pattern. A breakout above the upper trendline would likely trigger a move toward the red resistance box near the recent high.
If Bitcoin enters a correction phase and drags the market lower, traders should watch the green support zone closely for potential rebounds.
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Outlook
Overall, Solana’s technical setup remains strong. The combination of a rising EMA structure, constructive momentum indicators, and the ascending triangle formation all point toward a potential continuation of the uptrend.
The key catalyst remains Bitcoin’s strength — as long as BTC holds, SOL could soon resume its rally toward new highs.
Currently, SOL is consolidating tightly between $225–$235. The heatmap reveals liquidity building just below this range — a short dip could sweep that area before continuation higher. Above the current price, liquidity clusters are even denser, suggesting that once momentum returns, Solana could accelerate to test upper resistance zones.
⸻
Momentum and Indicators
The MACD continues to show bullish momentum, while the RSI holds steady above the 50 line — both confirming an intact bullish structure. As long as SOL trades above the 50 EMA, the broader setup remains positive. A brief dip would likely act as a healthy correction within trend, offering fresh long opportunities.
⸻
4H Chart Structure
On the 4-hour chart, Solana maintains strong technical posture. Liquidation maps show a neutral delta, meaning long and short positions are balanced. The MACD stays flat but constructive, with no visible bearish divergence. The RSI remains above 50, reflecting ongoing buying pressure.
The 50 EMA acts as dynamic trend support, guiding price upward. Structurally, an ascending triangle is forming — a classically bullish continuation pattern. A breakout above the upper trendline would likely trigger a move toward the red resistance box near the recent high.
If Bitcoin enters a correction phase and drags the market lower, traders should watch the green support zone closely for potential rebounds.
⸻
Outlook
Overall, Solana’s technical setup remains strong. The combination of a rising EMA structure, constructive momentum indicators, and the ascending triangle formation all point toward a potential continuation of the uptrend.
The key catalyst remains Bitcoin’s strength — as long as BTC holds, SOL could soon resume its rally toward new highs.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.