Solana Price: Analyst Reveals Why SOL Could Be Starting a Bullish Reversal
Key Insights:
- A top analyst said that Solana (SOL) price recorded its first green monthly candle in 10 months.
- Monthly RSI breaks a two-year downtrend, while MACD approaches an unconfirmed bullish crossover.
- Whale buys 285,503 SOL worth $28.82 million on Hyperliquid over three weeks.
Solana price trades near $102.08 after falling 3% over 24 hours, while analysts track several technical and on-chain signals. SOL has gained 34.8% over 30 days, with weekly and 14-day gains at 0.8% and 4.5%.
Against that backdrop, Ash Crypto points to three monthly signals that could mark an early bullish reversal. Separately, whale activity and a fresh daily golden cross add two other developments around SOL price.
Market data places Solana’s displayed 24-hour range between $102.28 and $105.20. Meanwhile, the $100 area has become an immediate level after the latest recovery. A move back above $105 would strengthen the short-term setup shown in the supplied market data.
Meanwhile, the price targets and levels discussed are based on technical analysis and are not guarantees of future market performance. This content is for informational purposes only and should not be considered financial advice. Given the volatility of the crypto market, readers should exercise due diligence or seek advice from a qualified financial professional while making their investment plans.
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