Solana is exhibiting early signs of a broader recovery after weeks of consolidation, as the cryptocurrency forms a potential accumulation bottom, supported by a weekly bullish RSI divergence. The improving technical picture has placed $80 and $85 as near-term upside targets, assuming buyers continue to hold above the key $75 level.
Weekly RSI divergence suggests fading downside
After a significant pullback from its 2025 highs, Solana has remained rangebound, with price largely fluctuating between the mid-$60s and just below $100. The recent structure, according to traders, hints that the period of persistent selling may be easing, potentially setting the stage for a new phase.
Trader Bluntz identified a notable bullish divergence on the weekly Relative Strength Index (RSI). While Solana’s price recorded a lower low, the RSI instead formed a higher low. This divergence often suggests that downside momentum has weakened despite continued pressure on the price.
The RSI’s recovery from near-oversold territory to approximately 41 further reinforces the idea that negative sentiment may be waning. However, this divergence does not guarantee a new uptrend. For a decisive shift in market structure, Solana would need to break out above the top of its current range, with the $90 to $100 zone viewed as the critical barrier.
On the downside, the region around the mid-$60s remains a critical area of support. A sharp decline below this range would undermine the current bullish setup and potentially expose Solana to new lows.
The weekly chart shows that although Solana remains compressed near the lower edge of its cycle, momentum is gradually improving and price has stopped falling aggressively. This evolving pattern is strengthening the case for accumulation at current levels.
Daily chart breakout adds short-term confirmation
The daily chart provides more encouraging short-term signals. Solana has broken out above a descending trendline that had suppressed price since May. Analyst BATMAN highlighted the importance of the $75 level, emphasizing it as a pivotal area for the current breakout.
SOL is currently trading just above $76, surpassing the trendline connecting the May high to subsequent lower highs. Breaching this resistance line suggests a shift away from the prevailing bearish structure, offering renewed optimism for a continued rebound.
The immediate focus now turns to consolidation above $75. Maintaining support here would validate the breakout and reduce the likelihood of a false move. Technical indicators also show improvement: the MACD line has crossed above its signal line, and the histogram has turned positive—a sign that sellers are losing their grip, even as both lines remain near the zero level.
Should buyers successfully defend $75, resistance at $80 is the next area to watch, followed by $85 if upward momentum continues. These levels align with previous points where price stalled during past rallies.
The strengthening daily momentum, in conjunction with the broader weekly divergence, presents a compelling argument that Solana could be in the process of establishing a durable floor, provided that buyers remain active around recently cleared technical thresholds.
Beneath current price action, rising support is evident around the low-$70s. Any breakdown back below $75, and especially under $72, could call the recovery into question and signal that recent gains may not be sustainable.
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