SOL is showing impressive strength by bouncing right off its long-term rising trendline, which has acted as a reliable support zone since 2021. History is repeating — each touch has led to a solid upside move, and this time might not be different.Key Points:
Price is holding the macro uptrend like a champ.
Stochastic RSI is reversing from the oversold region — a classic early reversal signal.
The major resistance zone (near ATH) is the next big test.
Clean structure, strong base — bulls might just be warming up.
If price manages to reclaim the resistance zone above, we could see an explosive move toward new highs. But if it breaks below the trendline, caution is key.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.