Solana is trading near $84.27, while its weekly RSI is at 35.8, according to a chart shared by More Crypto Online. The RSI remains above the key oversold threshold of 30, but the structure still indicates weakness after SOL failed to recover strongly from recent lows. The chart compares Solana's current setup with the 2022 bearish phase, when SOL moved sideways for an extended period before eventually reaching its lowest level. More Crypto Online states that the weekly RSI now resembles that previous condition, especially after traders pointed out the oversold reading in February as a potential recovery signal. However, analysts warn that this chart still requires confirmation. In technical analysis, an oversold RSI can indicate strong selling pressure, but it does not always confirm the underlying bottom price. Prices often need a clear upward impulse before the market structure becomes more robust. The chart shows one major oversold RSI event during the 2022 decline, when SOL then fell toward its final bearish bottom. A similar RSI zone reappeared in 2026, while SOL was trading near the lower end of its recent range. This comparison suggests that the current setup still carries risks unless buyers regain control. The SOL price also remains well below the previous cycle's peak above $200. After the recent dip, the token moved sideways around the $80 area. This price movement indicates that buyers have not yet created a strong reversal pattern on the weekly chart. More Crypto Online states that the early 2022 comparison remains valid until Solana forms a clear impulsive move upward. This means SOL needs stronger price action, not just a low RSI reading, to confirm a recovery. For now, the weekly RSI shows an improving condition from oversold territory, but the broader structure remains cautious. A strong breakout from the current range could improve the outlook.
🟣 RSI Solana Warning: SOL Chart Mimics 2022 Bear Market Setup
Solana is trading near $84.27, while its weekly RSI is at 35.8, according to a chart shared by More Crypto Online. The RSI remains above the key oversold threshold of 30, but the structure still indicates weakness after SOL failed to recover strongly from recent lows.
The chart compares Solana's current setup with the 2022 bearish phase, when SOL moved sideways for an extended period before eventually reaching its lowest level. More Crypto Online states that the weekly RSI now resembles that previous condition, especially after traders pointed out the oversold reading in February as a potential recovery signal.
However, analysts warn that this chart still requires confirmation. In technical analysis, an oversold RSI can indicate strong selling pressure, but it does not always confirm the underlying bottom price. Prices often need a clear upward impulse before the market structure becomes more robust.
The chart shows one major oversold RSI event during the 2022 decline, when SOL then fell toward its final bearish bottom. A similar RSI zone reappeared in 2026, while SOL was trading near the lower end of its recent range. This comparison suggests that the current setup still carries risks unless buyers regain control.
The SOL price also remains well below the previous cycle's peak above $200. After the recent dip, the token moved sideways around the $80 area. This price movement indicates that buyers have not yet created a strong reversal pattern on the weekly chart.
More Crypto Online states that the early 2022 comparison remains valid until Solana forms a clear impulsive move upward. This means SOL needs stronger price action, not just a low RSI reading, to confirm a recovery.
For now, the weekly RSI shows an improving condition from oversold territory, but the broader structure remains cautious. A strong breakout from the current range could improve the outlook.