- SOL posted its first green monthly candle in 10 months, signaling improving momentum.
- Whale accumulation reached 285,503 SOL, worth approximately $28.82 million.
- A daily golden cross strengthens the case for SOL potentially reaching $150.
Solana — SOL, has flashed several signals that could change the current market outlook. SOL recently closed its first green monthly candle in ten months. Monthly MACD also approaches a bullish crossover, while RSI breaks a two-year downtrend. Meanwhile, whale accumulation adds another bullish layer to the setup. SOL still faces resistance around $100 to $120. A sustained breakout could open the path toward $150. Traders now watch whether momentum can build behind the recovery.
Solana Builds a Stronger Bullish Setup
SOL trades near $102 after falling 3% over 24 hours. The short-term decline has not erased the broader recovery. SOL remains up 34.8% over the past 30 days. The token traded between $102.28 and $105.20 during the latest session. The monthly chart now presents three important technical signals. First, SOL printed a green monthly candle after ten consecutive months. Such a shift can signal improving market sentiment. However, traders still need confirmation from additional momentum indicators.
The monthly MACD provides the second major signal. The indicator approaches a potential bullish crossover. The crossover remains unconfirmed for now. Confirmation could strengthen expectations for a larger trend reversal. Monthly RSI provides the third bullish development. The indicator recently broke above a descending trendline. That trendline controlled momentum for roughly two years. A sustained breakout could signal stronger long-term buying pressure.
Crypto analyst Ash Crypto highlighted the developing setup on X. The analyst described SOL as one of crypto’s strongest bullish setups. However, the analyst stopped short of calling a confirmed reversal. SOL previously traded above $200 before dropping toward the $60 region. The $60 to $80 zone remains important for the recovery structure. Holding that range could keep the broader bullish setup intact.
Daily Golden Cross Puts $150 in View
The daily chart offers another bullish signal for SOL. Analyst 0xSweep pointed to a fresh golden cross. A golden cross forms when a shorter moving average rises above a longer one. The analyst compared the signal with a previous crossover. SOL gained roughly 56.22% after that earlier setup. The rally eventually pushed SOL toward the $250 region.
Applying the same percentage gain to current prices suggests a target above $150. The potential move could develop by the end of October. However, historical performance cannot guarantee another similar rally. Fundamental growth also supports the improving Solana narrative. Solana’s real-world asset ecosystem recently reached a new record. Total RWA value climbed to approximately $4.35 billion.
The network also surpassed 420,000 RWA holders. Such growth highlights expanding activity beyond speculative trading. Stronger adoption could provide additional support during a broader market recovery. Solana also dominated recent memecoin trading across tracked chains.
