Solana is sending mixed signals as the price falls below key resistance, while early signs of this are still present momentum weakness begins to develop. A clear break above $95 could trigger a quick move towards the $100-$105 zone, but the fading RSI suggests the underlying strength may be weakening.
The pressure increases while Solana remains firmly under the resistance
Solana tightens just below a resistance zone and the pressure becomes harder to ignore with each passing movement. According to crypto analyst Marcus Corvinus, repeated rejections around $92-$95 have not led to a meaningful breakdown so far. That resilience keeps the bullish structure intact despite multiple resistance tests.
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A rising trend line leads the price steadily upward. Buyers enter earlier on each dip, preventing a deeper pullback and gradually pushing prices towards the resistance zone. Such action is rarely arbitrary; rather, it indicates that strength is building beneath the surface accumulation continues quietly.
A clean breakout and continued hold above $95 could act as a trigger for a rapid momentum extension, potentially sending Solana towards the $100-$105 region in a relatively short period of time. On the other hand, if the rising trendline gives way, it would open the door for a sharp decline towards the $78-$75 range. ask zone, where buyers can try to regain control.
Current conditions indicate a classic squeeze setup, where tightening price action often leads to a strong directional move. Once either side gives in, that’s the result outbreak or degradation is unlikely to be gradual.
Rare Divergence: Momentum Breaks on USDT as BTC Pair Holds
In a recent one analysisUmair Crypto highlighted an emerging weakness in Solana’s structure, noting that the RSI on the USDT pair is already fading, while the BTC pair has yet to follow suit. Once the point of control (POC) breaks at $12,573, both pairs are likely to fall in sync, paving the way for a broader move down.
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Solana is showing a rare divergence, with the RSI trendline having broken on the USDT pair first, but the BTC pair still reflecting strength. Under normal circumstances, the BTC pair tends to show weakness. However, when the USDT pair leads, it indicates that momentum is deteriorating faster than relative strength can hide.
The price recently rose towards $97 and is now retesting the 50 SMA, but the move lacks strong volume support. A push towards $101 remains possible, and such a move could constitute a bearish divergence. Rather than strength, that scenario would likely act as a setup, suggesting the benefit may be limited.
Once the BTC pair crosses below the POC of $12,573, both pairs are expected to lose structure simultaneously, creating a strong double-confirmation signal that could accelerate downward momentum. Initial targets are around $77, with a deeper move towards $67 also in play. Despite the U.S. Securities and Exchange Commission classifying SOL as a digital commodity on March 18, the fading RSI suggests that market does not respond strongly.
Featured image from iStock, chart from Tradingview.com