“Oversold” Solana Mirroring Previous Bottoms

Major cryptocurrency Solana is currently wandering in deep oversold territory, but that could be a good thing for a future price rebound, one popular X (formerly Twitter) commentator argues. The seventh-largest cryptocurrency by market capitalization is trading around the $123 level at press time, and bears are contemplating another price drop, with the Relative Strength Index (RSI) hovering below 32. Despite the situation favoring bears, Solana bulls are confident that a major turnaround is right around the corner.

Crypto Curb, the influencer in question, believes the low RSI is following a pattern of inflection points preceding strong rallies. He tweeted:

“$SOL

SOL has only been this oversold 3 times:

> 2023 bear market lows

> 2025 april lows

> today

#SOLANA ⚡️”

According to the analyst, Solana has only experienced such low levels of RSI three times in the last 2.5 years:

1. July 2023 (around the peak of the bear market)
2. April 2025, when SOL formed a local bottom
3. Recent price action that pulled the index close to $100

According to the data presented, the RSI level of 30 has acted as a major long-term support for the popular programmable digital currency. It is a major line in the sand for the bulls, and it could spark a restart in the Solana rally. 

One X user disagreed with the take and replied:

“oversold is not a buy signal. it’s a stress test for conviction and most fail it”

Another quipped:

“Oversold doesn’t mean bottom but it does mean attention.”

However, a large number of replies were filled with optimism regarding a possible price breakout for the major digital asset. 

The Future

Solana investors, many of them down more than 60% of their initial investment, would be desperate for a resumption of the bull market as we head into the new 2026 calendar year. 

However, the overall crypto market is in a major bearish spell at the moment and is struggling to hold price support levels, inviting deeper and deeper pullbacks from selling pressure.

The current year is heading towards a close, and with the New Year comes the chance of a fresh restart for the market. Solana, bolstered by ETF approvals and on-chain data, is already showing resilient network activity despite the pressure on the spot price. With the right push, SOL could go in the right direction once again.