Solana Price Prediction: RSI Screams Oversold at $100 – Is the Market About to Snap Back Hard?
SOL is flashing a basic backside sign, with the RSI getting into oversold territory and pointing to $100 as a possible pivot for bullish Solana price predictions.
That demand zone has marked absolute cycle lows for the altcoin over the previous two years, with every retest persistently delivering positive factors in extra of 150% in the following months.
With value as soon as once more urgent into that zone, indicators of vendor exhaustion are starting to emerge.
The RSI’s breach of the 30 oversold threshold suggests capitulation could also be setting in, elevating the likelihood that this degree nonetheless carries the similar historic significance.
Last week delivered the tenth-largest market-wide liquidity wipeout day in historical past, bleeding $2.56 billion and pushingSolana to lose acceptance beneath key volume-based ranges beneath the worth space low.
Early January market optimism drove over-leverage. Rather than confirming structural failure, the liquidation occasion might as an alternative be laying the groundwork for a high-conviction reversal setup, as weak arms are flushed and draw back momentum exhausts itself.
Solana Price Prediction: Bull Run Starts Now?
This $100 demand zone contributes to a wider year-long descending triangle construction, and with it as soon as once more positioned as a launchpad setup, a breakout may very well be in focus.
The MACD reads a lot the similar as the RSI, forming a peak and reversing in direction of a possible golden cross above the sign line, usually an early indicator {that a} mid-term uptrend is starting to take form on the day by day chart.
The key breakout threshold sits round $210, with interim resistance round $145. With a better and firmer footing at these ranges, a breakout push might discover traction.
Fully realized, the triangle sample eyes a possible 500% mid-term transfer into new value discovery, focusing on $600.
But over the long run, as the macro narrative cools and fundamentals transfer again to the forefront, these positive factors stand to prolong a possible 10x to the $1,000 milestone.
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