Solana’s Hidden Bullish Signal Returns — Could a New All-Time High Be Imminent?
Solana continues to outperform the broader crypto market. While the general market is up simply 0.5% prior to now 24 hours, the Solana worth has gained almost 3% at press time — extending its regular uptrend from the previous three months.
The token has climbed about 37% in that interval, displaying constant power even by means of market slowdowns. But the extra attention-grabbing half isn’t the short-term transfer. New technical and on-chain metrics now counsel that Solana could also be making ready not only for one other rally, however a attainable breach of its earlier all-time high close to $293.
A Hidden Signal Suggests SOL’s Uptrend Isn’t Over Yet
On Solana’s every day chart, a hidden bullish divergence has appeared, a setup the place the worth makes a larger low whereas the Relative Strength Index (RSI) makes a decrease low. Traders use the RSI to measure momentum and establish when a transfer may proceed or decelerate.
This sample usually indicators that an uptrend is gaining power moderately than reversing. The last time Solana confirmed this construction — between April 7 and June 22 — the worth climbed 63.63% in simply a month. An analogous divergence fashioned between August 2 and September 25, and round 24% of that potential transfer has already performed out.
If Solana follows the same trajectory, the worth might attain $312 by late October, roughly mirroring the timing and scale of the sooner rally.
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On-chain information provides extra confidence to this view. The short-term holder NUPL (Net Unrealized Profit/Loss), which tracks whether or not latest patrons are sitting on earnings or losses, at the moment stands at 0.11. This stage usually indicators managed profit-taking, not overexcitement.
In earlier cycles, NUPL values round 0.20–0.21 marked native tops — comparable to in July and September — when short-term holders started promoting aggressively. Today’s stage close to 0.10–0.11 is nearer to the “regular zone” seen in August, when Solana climbed after minor dips.
This suggests there’s no hazard of a main prime but, and the market nonetheless has room to maneuver larger, validating the divergence-led expectations.
Solana Price Setup Suggests Room To Test Higher Levels
At press time, Solana trades close to $226, going through rapid resistance at $251, which aligns with the 0.618 Fibonacci extension — a stage usually thought-about a pivot level throughout sustained uptrends. A clear shut above this mark might push SOL towards $288, adopted by a retest of the $293 all-time high, a main psychological stage for merchants.
If the Solana worth breaks above that, the sooner fractal initiatives a transfer towards $312 and even $349, new potential milestones.
However, if the worth falls beneath $213 after which $190, the bullish continuation thesis weakens, signaling a attainable short-term pullback and even a deeper correction.
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