SOL Eyes $98.30 as Breakout Meets Overbought RSI

Solana cleared the 18-month downtrend line that had capped price action since early 2025, with the token trading at $94.11 after the breakout. The move comes as RSI reads 73.47, flashing overbought conditions, while the MACD golden cross stands at 4.14. Traders are watching whether SOL can hold above the former resistance line to confirm the reversal.

Solana’s Downtrend Break: Key Technical Levels

SOL is testing upper Bollinger resistance at $98.30. The RSI reading of 73.47 indicates overbought conditions, while the MACD golden cross reinforces the bullish structure.

Below the current price, the 50-EMA at $83.42 is identified as support. The 200-EMA at $78.33 marks the longer-term level beneath it. The technical setup centers on whether SOL can remain above the downtrend line it has cleared while maintaining its position above the 200-EMA.

Retracement Risk at the 50-EMA

With RSI flashing overbought at 73.47, a healthy retracement toward the 50-EMA at $83.42 appears probable before further continuation. A pullback toward that support would place attention on how SOL responds at the 50-EMA while the broader structure remains above the 200-EMA at $78.33.

The former downtrend line is also a key level to watch. Holding above it would support confirmation of the reversal, while a move back below it would leave the breakout under renewed scrutiny.

Bullish Structure Faces Bollinger Resistance

On the upside, the upper Bollinger resistance at $98.30 remains the immediate level in focus. The MACD golden cross at 4.14 reinforces the bullish structure above the 200-EMA, though the overbought RSI reading keeps the prospect of a retracement in view.

For now, the setup is defined by the breakout above the 18-month downtrend line, the test of Bollinger resistance, and the ability of SOL to hold above former resistance as market conditions develop.