Before SOL Bottomed in 2022, This RSI Setup Appeared – It Just Did Again

SOL trades at $84 as the weekly RSI at 35.8 mirrors 2022 bear market conditions, analysts warn a final low may not yet be in. Not financial advice.

The price was somewhere around $84. The RSI was sitting in territory traders don’t usually celebrate.

Solana’s weekly RSI (14) currently reads 35.8. One bar below 30 across 280 weekly candles — that’s the full extent of the oversold signal history. The number sounds rare until you look at where and when the last one printed.

The 2022 Ghost Nobody Wanted Back

According to More Crypto Online on X, the weekly RSI on Solana’s chart currently resembles conditions seen during the 2022 bear market — specifically the phase that came before the final low, not after it. That distinction matters.

Social media spent much of February pointing to the oversold RSI as evidence a recovery was loading. More Crypto Online pushed back on that read. The structure, in their view, hasn’t confirmed anything yet.

2022 played out with a prolonged sideways grind, then one more flush — both price and RSI bottomed together on that final move. Right now the setup looks early 2022, not late 2022.

What the Chart Actually Shows

The MCO Global chart tells the story in two panels. Price sits near $84. The RSI line in the lower pane is circled — twice. Once around early 2022, once now.

The first circle preceded the collapse to around $8. The second circle is current. Yellow arrows on the price panel mark both zones for context.

The SOL/BTC pair has also lost its short-term uptrend on the weekly chart, a detail that further complicates the recovery argument. When Bitcoin outperforms Solana in relative terms, altcoin rallies tend to stall before they start.

Weekly RSI at 35.8 is not deeply oversold. It’s sitting just above the threshold, drifting sideways. That behavior, in 2022, lasted several months before the real flush arrived.

Not a Confirmed Call –  But the Structure Isn’t Helping

More Crypto Online was careful not to call a bottom. The post framed the comparison as conditional — if an impulsive upside move confirms, the picture changes. Until then, the 2022 comparison holds.

“A confirmed upside impulse would improve the outlook,” the account noted on X.

That’s a threshold, not a prediction. Right now that threshold hasn’t been crossed.

The weekly RSI reading across major crypto assets has been drawing attention in broader market analysis too — Bitcoin’s own weekly RSI recently broke below historic lows. Solana’s situation is separate but sits inside that same macro context.

$84 and Waiting

SOL has been rangebound since February. The $88–$90 zone has held as resistance across multiple attempts. Each rejection from that ceiling has added another data point to the bear case.

The advance from the April 9 low appears to be a three-wave structure. Five waves would be needed to suggest an impulsive recovery. Three waves can be a correction inside a larger downtrend — a common trap.

Nothing has broken yet. The price is holding. But holding and confirming are different things, and right now only one of them is happening.

Disclaimer: This article is based purely on technical analysis from cited sources and is intended for informational purposes only. It does not constitute financial or investment advice. Always conduct your own research before making any trading decisions.

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