Key Insights:
- A top analyst said that Solana (SOL) price recorded its first green monthly candle in 10 months.
- Monthly RSI breaks a two-year downtrend, while MACD approaches an unconfirmed bullish crossover.
- Whale buys 285,503 SOL worth $28.82 million on Hyperliquid over three weeks.
Solana price trades near $102.08 after falling 3% over 24 hours, while analysts track several technical and on-chain signals. SOL has gained 34.8% over 30 days, with weekly and 14-day gains at 0.8% and 4.5%.
Against that backdrop, Ash Crypto points to three monthly signals that could mark an early bullish reversal. Separately, whale activity and a fresh daily golden cross add two other developments around SOL price.
Market data places Solana’s displayed 24-hour range between $102.28 and $105.20. Meanwhile, the $100 area has become an immediate level after the latest recovery. A move back above $105 would strengthen the short-term setup shown in the supplied market data.
Meanwhile, the price targets and levels discussed are based on technical analysis and are not guarantees of future market performance. This content is for informational purposes only and should not be considered financial advice. Given the volatility of the crypto market, readers should exercise due diligence or seek advice from a qualified financial professional while making their investment plans.
Solana (SOL) Price Gets Three Monthly Signals
Ash Crypto’s analysis centers on Solana’s monthly chart after a prolonged decline from levels above $200. The first signal comes from the latest monthly candle. SOL bounced from around $60 and recorded its first green monthly candle in about ten months.
That recovery has brought Solana crypto back toward the $100 area. Ash Crypto identifies the monthly MACD setup as the second signal. The indicator is approaching a bullish crossover, although that crossover has not been confirmed.
Meanwhile, the third signal comes from the monthly RSI. According to Ash Crypto, RSI broke above a descending trendline lasting roughly two years. That move marks a change in the momentum structure tracked on the analyst’s chart.
However, the broader Solana price structure still requires confirmation. SOL previously traded above $200 before falling toward the $60 area. Holding the $60 to $80 zone would preserve the recovery structure shown on the chart. A sustained move through $100 to $120 would strengthen Ash Crypto’s bullish reversal setup.
Whale Adds 285,503 SOL in Three Weeks
Alongside the technical setup, on-chain records show repeated SOL purchases involving whale address HURDw. Those transfers came from Hyperunit’s hot wallet and occurred across several days. Visible transactions in the supplied data total about 217,000 SOL, worth roughly $22.4 million.
Notably, the largest visible transfer involved 49,732 SOL worth about $5.07 million. Another transfer moved 25,230 SOL, valued near $2.63 million. Separately, 24,988 SOL moved at a recorded value near $2.59 million.
The records also show 21,938 SOL worth roughly $2.34 million moving to the same address. Smaller batches appeared throughout the period. Therefore, the visible activity occurred through several transfers rather than one transaction.
According to the accompanying data, HURDw bought 285,503 SOL over three weeks. The total value stood at about $28.82 million.
The purchases occurred while Solana price recovered toward $100 following its earlier decline.
Solana Price Golden Cross Puts $150 in Focus
Meanwhile, analyst 0xSweep points to a separate development on Solana’s daily chart. The chart shows a fresh golden cross after SOL recovered from the $60 to $80 region. The crossover occurs when the shorter-term moving average moves above the longer-term trend line.
0xSweep compares the latest crossover with an earlier golden cross visible on the same chart. Following that previous signal, SOL advanced about 56.22%. The move added roughly $91.20 before Solana reached the $250 region.
Using the same percentage comparison, the latest setup projects an increase of about 56.14%. That equals roughly $54.49 from the chart’s reference level. Under 0xSweep’s scenario, SOL price could move above $150 by the end of October.
Notably, the $150 level comes from the analyst’s historical comparison rather than a confirmed Solana price target. SOL currently trades near $102, while nearby resistance sits around $105. The broader chart also places the $100 to $120 region between current levels and the projected move.
