🔥 Solana Flashes Major Bullish Signals at 2023 Support RSI Divergence, Rising CMF & Strong ETF Inflows Hint at a Massive Reversal Ahead
Solana is showing early signs of a potential turnaround as the price tests a multi-year support trendline dating back to 2023. Despite recent weakness, the chart is flashing bullish RSI divergence, rising CMF, and continued positive ETF inflows, all signaling that buyers may be preparing for a stronger move.
Over the past few weeks, SOL formed a lower low in price while the RSI printed a higher low a classic bullish divergence that often appears before trend reversals. At the same time, ETF demand has remained consistently positive, absorbing supply and helping Solana hold its support levels even during market turbulence.
Institutional appetite remains present, with spot Solana ETFs recording steady inflows and only a slight dip in early December. This sustained demand is widely seen as a stabilizing force, preventing aggressive downside continuation.
On the network side, activity is increasing as Kalshi prediction markets tokenize on Solana and retail-driven excitement rises with meme projects like Pippin, both of which reflect growing ecosystem participation.
However, analysts are clear:
Solana must break and close above the resistance level that has capped rallies since late November to confirm any true reversal.
A breakout would open the door toward major upside zones previously rejected earlier in the cycle. But a close below current support would invalidate the bullish divergence setup and threaten the long-term trendline.
Right now, Solana sits at a pivotal moment supported by ETFs, fueled by network growth, and showing bullish technical signals, but still awaiting that decisive breakout to turn the trend fully in favor of the bulls.
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