- SOL is back at a crucial $144–$145 level, where previous rallies have begun, hinting at a possible bounce.
- RSI shows extreme oversold conditions, but bearish signals from MACD suggest traders should remain cautious.
- A move above $160 could kickstart a larger rally toward $179, but failure to hold $140 support may drag SOL lower.
Solana (SOL) is starting to stir up buzz again, riding the broader crypto market’s shift from bearish blues to cautious optimism. The asset, while still under pressure, is showing hints of life — and maybe, just maybe, setting the stage for a bigger move. The RSI is in oversold territory, which usually gets technical traders leaning bullish. At this point, both investors and swing traders are eyeballing a potential breakout, hoping to catch the reversal before it becomes obvious.
As of now, SOL’s sitting around $145.05, with a 24-hour volume of $6.13 billion and a market cap of about $76.27 billion. Price-wise, it’s down roughly 8.7% on the day and 4.15% on the week, which doesn’t sound great—but it’s also not unusual for coins setting up for a rebound. The volatility’s there, but so is the potential.
Retesting Old Support, Eyes on $179
One crypto analyst recently pointed out that SOL is revisiting a familiar level—between $144 and $145—that’s historically acted as a springboard for upside moves. It’s not a guarantee of a bounce, sure, but it’s a zone bulls tend to defend. With SOL hovering near this key level again, traders are watching for accumulation to kick in. If it holds, we might see the start of a fresh leg up.
The current trade setup floating around calls for a stop-loss around $139.21 and three possible profit targets: $160.65, $168.22, and $179.32. It’s a classic high-risk, high-reward setup with clearly defined parameters. If it breaks down below $139, though, that would probably invalidate the setup. As always with crypto—tight stops and no overconfidence.
Oversold but Still Mixed Signals
Technically speaking, things are looking… interesting. One analyst flagged the RSI, which is just under 20—an extreme that often signals an incoming bounce. Historically, when SOL’s hit this level, it’s found support and snapped back. Right now, $140 is acting like a critical floor. If that holds, it could invite buyers off the sidelines and give the coin some breathing room to recover.
Still, not all the signs are green. The MACD remains negative and drifting lower, which suggests the bearish pressure isn’t gone just yet. Traders are eyeing $160 as the next real test. If SOL can break above that, sentiment might shift fast. Until then, it’s mostly a waiting game, with caution in the air—but opportunity, too, if momentum flips.
