Solana (SOL) Poised for Major Breakout as MACD Signal Sparks Bullish Momentum

Quick Summary

• A rare MACD crossover on Solana’s weekly timeframe has triggered a buy signal, historically followed by rallies ranging from 100% to 860%
• The Relative Strength Index has bounced back to 35 from a low of 25 recorded in mid-February, mirroring conditions at the 2022 market bottom
• Technical analysis reveals a symmetrical triangle formation suggesting a potential move to $130 upon breakout confirmation
• Critical resistance zone between $90 and $96 contains approximately 9.9 million SOL tokens with average acquisition prices of $90-$92
• Technical analyst Ali Charts identified a Bollinger Band compression on the 3-day timeframe, designating the $77-$94 range as a cautionary zone

A significant technical development has emerged on Solana’s (SOL) weekly chart as a MACD buy signal appears — an indicator that has historically preceded substantial price rallies. The digital asset is currently changing hands near $85-$86 following a retreat from its weekly peak of $89.

The Moving Average Convergence Divergence line has crossed above its signal line on the weekly timeframe. This identical crossover pattern emerged in May 2025, preceding a rally that propelled SOL from approximately $125 to beyond $250 — representing a gain of nearly 100%.

Previous occurrences of this technical signal preceded even more dramatic rallies, including an 860% surge in 2023 and a 617% advance in 2021.

Solana’s weekly Relative Strength Index has also rebounded to 35 from its mid-February low of 25. This reading is particularly notable as it aligns with RSI levels observed during Solana’s 2022 bear market capitulation, which subsequently led to an explosive 2,500% rally reaching $210 by March 2024.

Market analyst Tyler Hill highlighted that Solana’s RSI had declined below 35 for the first time in 1,200 days. According to Hill, the previous instance of such extreme readings marked the bear market floor and triggered a subsequent 3,000% price expansion.

Analyst Sixtysecondalpha emphasized that the MACD crossover occurred following its “lowest stretch ever.” When combined with bullish divergence on the RSI, they concluded that SOL is positioned for its “most powerful move” in the past two years.

Technical Pattern Suggests $130 Price Objective

Examining the daily chart reveals that SOL has developed a symmetrical triangle consolidation pattern. The critical breakout threshold is established at $90. Should price action confirm a daily close above this level, the pattern’s measured move projects a target of approximately $130, representing a potential 50% gain from current trading levels.

The daily RSI indicator has recovered to 52 from deeply oversold conditions of 11 registered on February 6, signaling a notable improvement in underlying momentum.

Critical Resistance Zone at $90 Poses Challenge

The $90-$96 price corridor represents a formidable obstacle for continued upside. Data from Glassnode reveals that approximately 9.9 million Solana tokens are currently held by market participants with an average entry price between $90 and $92. A substantial portion of these holders may look to exit positions at breakeven levels, potentially creating significant selling pressure that could impede upward momentum.

Additional technical resistance emerges from the convergence of 100-day moving averages within this same zone, reinforcing the challenge bulls face.

Technical analyst Ali Charts drew attention to a developing Bollinger Band squeeze on the 3-day chart, with price action compressed within the $77 to $94 corridor. Ali Charts characterized this range as a “no-trade zone” and recommended that traders wait for a decisive 3-day candle close beyond the bands before initiating positions.

Solana is presently maintaining support within the $85-$86 area as buyers continue efforts to recapture the crucial $90 threshold.

The post Solana (SOL) Poised for Major Breakout as MACD Signal Sparks Bullish Momentum appeared first on Blockonomi.