SolanaSOLUSDT formed an ascending channel pattern on the 4-hour chart, created on July 25, 2025. The chart shows SOL trading inside two rising parallel red trendlines, with the lower one acting as support and the upper one as resistance. The price bounced from the lower boundary around $176 and now trades near $180.43.
An ascending channel pattern appears when price action forms higher highs and higher lows between two upward-sloping lines. It typically signals a strong uptrend and can often indicate more upside potential if price holds above the lower boundary.
SOL reclaimed the 50-period exponential moving average (EMA), currently near $184.09. The recent bounce suggests bulls are defending support. If the price holds this level and continues to follow the pattern, it may break above the upper resistance of the channel.
The chart includes a projected move showing SOL could rally by 32% from its current level. This projection targets around $238, based on the height of the ascending channel measured from the lower boundary breakout.
Volume remains moderate at 138,530 SOL, with no major spike yet confirming the breakout. However, the channel structure remains intact, and the bullish price action supports the potential move higher.
Solana RSI Drops Below 50, Shows Cooling Momentum After Rally
Solana’s Relative Strength Index (RSI) chart, created on July 25, 2025, shows weakening momentum after a strong rally earlier this month. The 14-period RSI currently stands at 40.88, while the moving average of the RSI reads 46.71.
The RSI moved down sharply from the overbought zone near 80 on July 22, dropping below the neutral 50 line. This shift indicates a loss of bullish strength. The current reading places SOL closer to the oversold region, suggesting the market cooled off after recent gains.
RSI, or Relative Strength Index, is a momentum indicator that measures the speed and change of price movements. It ranges from 0 to 100. Values above 70 indicate overbought conditions, while values below 30 suggest oversold levels.
Despite the decline, the RSI still holds above 30, signaling no extreme bearish pressure yet. If it bounces from the 40 level, SOL may regain strength and resume its uptrend, aligning with the ascending channel pattern seen on the main price chart.
Solana MACD Flips Bearish as Momentum Weakens
Solana’s Moving Average Convergence Divergence (MACD) chart, created on July 25, 2025, shows a fresh bearish crossover. The MACD line (blue) crossed below the signal line (orange), signaling a shift in momentum. At the time of the snapshot, the MACD stands at -2.01 while the signal line reads -2.27. The histogram bar is slightly positive at 0.27, but trending down.
MACD is a momentum indicator that tracks the relationship between two exponential moving averages of a price—usually the 12-period and 26-period. A bearish crossover appears when the MACD line moves below the signal line, often signaling downward pressure or a potential correction.
The red histogram bars have increased in size in recent sessions, confirming growing bearish sentiment. This move comes after Solana’s strong uptrend that pushed prices inside the ascending channel. However, the new MACD signal suggests bulls are losing momentum short-term.
If the trend continues, Solana may test the lower boundary of its ascending channel again. However, if momentum returns, the indicator could quickly flip back to bullish.
