Solana’s Technical Analysis and Upcoming Levels
According to expert technical analysis, SOL shows bullish potential at the time of reporting. Its Relative Strength Index (RSI) has formed a bullish divergence, indicating a possible reversal from the current downtrend to an upward trajectory.
This divergence occurs when the asset’s price continues to create lower lows, while the technical indicator produces higher lows during the same period.
Historically, whenever SOL reaches its current support level, it tends to experience a substantial price surge. Given the current bullish price action, there is a strong possibility that SOL could see a 25% rally, pushing its price to around $160.
