How Do MACD and RSI Indicators Signal Potential Bearish Trends for Solana (SOL)?

MACD and RSI indicate weakening bullish momentum

The technical indicators for Solana in 2025 paint a concerning picture for bulls as momentum appears to be fading. The Moving Average Convergence Divergence (MACD) histogram shows diminishing bullish momentum, with the MACD line currently at -8.76, suggesting a potential shift in market sentiment. This weakening trend aligns with other key metrics, particularly the Relative Strength Index.

The RSI currently stands at 40.41, remaining below the crucial 50 threshold. This indicates muted buying power in the market, and any price bounces may fade unless momentum significantly improves. The combination of these indicators presents a technical warning signal that investors should monitor closely.

Solana's price has recently retreated from its peak of approximately $250, now hovering around $194. Critical support levels must hold to prevent further decline. Market data shows SOL trading volume has decreased to 194,647,573 USDT in the past 24 hours, with a negative price change of -2.9%. For bulls to regain control, SOL needs to maintain support at the $183 level, as failure could trigger a deeper decline toward the $174-165 zone based on historical support and resistance patterns.

Key support levels at $230 and $224

Solana's technical analysis reveals critical price thresholds that traders should monitor carefully during Q3 2025. The $230 and $224 levels have emerged as significant support zones, with recent market activity showing strong buyer interest whenever SOL approaches these values. Market data from September shows Solana consolidated above $224 for several consecutive trading sessions, establishing this as a psychological floor for investors.

The importance of these support levels can be demonstrated through recent price action:

On-chain data indicates significant buy walls have formed at both levels, with $9.6M in outflows observed when price tested the $224-$230 range. Institutional investors have positioned approximately $200M in long bets around these thresholds, signaling strong conviction in this support zone.

Should Solana break below the critical $230 support, the $224 level becomes the last defense before a potential decline toward $220 and possibly $210. The recent bounce from $190 to $203 demonstrates that despite volatility, buyers remain active near these technical levels, providing a foundation for potential rallies toward $245-$250 resistance.

SOL trading below $240 and 100-hour SMA

Solana's recent price action shows the cryptocurrency trading significantly below the $240 level, with current prices at approximately $193.92 as of October 29, 2025. Technical analysis reveals that SOL has been struggling to maintain momentum since reaching its September high of $249.64. The price has fallen below its 100-hour Simple Moving Average, which technical analysts consider a bearish signal in the short term.

The price volatility can be observed in the recent market data:

While SOL remains below the crucial $240 resistance level, the trading volume has increased substantially to nearly 1 million units on October 28, indicating growing market interest despite price consolidation. The cryptocurrency is also trading below its 50-day SMA, reinforcing the bearish sentiment in the market. Historical data shows that SOL previously reached an all-time high of $293.31 in January 2025, making the current price approximately 34% below that peak. Investors are closely monitoring key support levels around $190 for potential entry points.

FAQ

Is Sol coin a good investment?

Yes, Sol coin is a promising investment. Its fast, scalable blockchain and low fees make it attractive. Market trends and technological potential suggest strong growth prospects for Solana.

Can Sol reach $1000 USD?

Yes, SOL could potentially reach $1000 by 2025-2030. Market growth, increased adoption, and technological advancements may drive its value up significantly.

Does Sol coin have a future?

Yes, Sol coin has a promising future. Analysts predict it could reach $130 to $147 by 2028, thanks to its efficient blockchain, low transaction fees, and stability.

What is a sol coin?

SOL is the native cryptocurrency of the Solana blockchain, known for its high-speed transactions and scalability. It supports various decentralized applications and uses a unique consensus mechanism combining proof of stake and proof of history.