Solana (SOL) Price: Smart Money Is Buying as World Prediction Market Launches With 1 Million Users
TLDR
- SOL is trading around $103 after a strong recovery from a low of $60
- First green monthly candle in ten months signals a potential momentum shift
- Monthly MACD approaching a bullish crossover; RSI breaks a two-year downtrend
- Key resistance levels sit at $120.23 and $146.56; main support at $97.70
- Solana handled $14.7 billion in tokenized asset trading over the past year
Solana is trading near $103.47, down 0.18% over the last 24 hours. The price has recovered strongly from a recent low around $60, and several technical indicators are starting to shift in favor of bulls.
The most talked-about development is Solanaโs first green monthly candle in ten months. On its own, this does not confirm a full trend reversal. But it does mark a clear break from months of steady selling pressure.
Analyst Ash Crypto points out that the monthly MACD is approaching a bullish crossover. At the same time, the monthly RSI has broken above a descending trendline that had held for roughly two years. Both signals suggest the bearish momentum structure is beginning to weaken.
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