$SOL
🚨 Solana’s Coin Long-Term Range 🚨
The weekly time frame Solana analysis shows that the price has traded in a long-term range between $120 and $250 since late 2023.
The range was at risk of falling twice: once in January 2025, when a breakout (red icon) occurred, and again in April, when a breakdown (green icon) occurred.
Since the April bounce prevented the breakdown, SOL has increased by over 70% and nearly reached the middle of the range at $180 (blue).
A close above this level will put the range high and a new all-time high into play.
Technical indicators are at pivotal levels. The Relative Strength Index (RSI) reached 50 from below and is attempting a breakout.
Similarly, the Moving Average Convergence/Divergence (MACD) made a bullish cross (black circle) and is moving toward positive territory.
So, a SOL movement above the middle of the range will also turn the indicators bullish, confirming the trend reversal.
