Solana: Daily Trendline Break Signals Pullback
Solana at $117.17 breaks daily trendline with RSI divergence, flagging deeper pullback while mid-term bullish trend holds amid SOL price prediction scrutiny.
SourceAnalysis
Solana broke a recent daily trendline on close as the fresh candle extended lower, with RSI printing bearish divergence after price posted a higher high against a lower RSI peak.
Price action and the indicator align on the need for a deeper pullback even though the mid-term Solana bullish trend stays intact, a setup traders track closely in current SOL price prediction models.
On the 4h chart Solana trades at $117.17 just below EMA50 at $117.31 while EMA200 sits at $105.71 as firm support; MACD at 0.09 confirms the death cross and price remains inside the Bollinger band with lower support at $116.88 and upper resistance at $124.58, pointing to short-term volatility exhaustion before any continuation.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.