🟣 Solana RSI Warning: SOL Chart Mimics 2022 Bear Market Setup Solana is trading near $84.27, while its weekly RSI stands 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 strongly recover from recent lows. The chart compares Solana's current setup with the 2022 bear market 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 noted 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 does not always confirm a price bottom. 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 dropped toward its final bear market bottom. A similar RSI zone appears again in 2026, while SOL is trading near the lower end of its recent range. This comparison suggests that the current setup still carries risks unless buyers regain control. SOL's price also remains well below the previous cycle's peak above $200. After the recent dip, the token has moved sideways around the $80 area. This price action indicates that buyers have yet to establish 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.

Good morning everyone~ During the May Day holiday, the overall market trend was quite good, and based on the latest market行情, it can still continue to rise. The key resistance to watch this week is around 85,000. Personally, I believe the upward trend structure is still intact, and the recent surge in volume has not yet ended, making it relatively easy to reach. Therefore, in the short term, the market direction is bullish, and it is recommended to buy on dips. From a weekly chart perspective, it’s clear that the market has already entered a major downtrend, but the weekly W-shaped pattern signals a definite upward sign. Looking at a longer cycle, the target is around 87,000, as there is strong resistance near that level. Additionally, the monthly chart shows the market gradually forming a large V-shape pattern. Whether it can form a standard V shape depends on subsequent developments in US-Iran relations, Federal Reserve policies, and other related news. Overall, the market is gradually warming up, while most mainstream altcoins are still catching up. The overall performance has not yet broken out of the current market state. For those who have not yet bought spot and are currently in cash, it’s advisable to buy gradually on dips to build positions. I mentioned this at the end of last month. For those who have already bought, it’s better to wait and observe. I personally believe that recent upward momentum has also been driven by continuous buying from crypto ETF institutions. Therefore, it’s important to pay attention to subsequent institutional activities. Yesterday, the net inflow of institutional funds was about $247 million, and trading volume was decent, indicating that institutions are actively buying in the short term, and the overall outlook remains bullish. Thus, today’s BTC fluctuation range is approximately 80,000-83,500, ETH is 2,330-2,450, and SOL is 85-89. Today’s contract strategies: BTC: Buy on dips around 80,500, take profit at 83,000 ETH: Buy on dips around 2,350, take profit at 2,420 SOL: Buy on dips around 86, take profit at 89 Warm tips: 1. Stop-loss suggestions should be set according to your actual liquidation price and your risk tolerance. 2. Don’t be greedy; lock in profits when possible. It’s better to take small losses than to hold onto losing positions. If the direction is correct, continue to hold. $SOL ‌$ETH ‌$BTC ‌

🟣 Solana RSI 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 strongly recover from recent lows. The chart compares Solana's current setup with the 2022 bear market phase, when SOL moved sideways for an extended period before reaching its eventual bottom. More Crypto Online states that the weekly RSI now resembles that previous condition, especially after traders noted 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 a price bottom. 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 dropped toward its last bear market bottom. A similar RSI zone appears again in 2026, while SOL is trading near the lower end of its recent range. This comparison suggests that the current setup still carries risks unless buyers regain control. SOL's price also remains well below the previous cycle's peak above $200. After the recent dip, the token has moved sideways around the $80 area. This price action 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.