Solana (SOL) is attempting to recover after a rocky 30-day stretch that saw its price drop more than 10%. Despite signs of a rebound over the past week, technical indicators suggest the road to a confirmed bullish trend remains uncertain. Currently trading below $170, SOL must overcome multiple resistance levels to regain momentum.

This article breaks down the current Solana price analysis, highlighting key technical zones, RSI trends, Ichimoku Cloud signals, and EMA structure to evaluate whether a true reversal is underway—or if more corrections lie ahead.

Price Struggles Below $170 as Bulls Battle Resistance

At the time of writing, Solana’s price sits just under the $170 mark, with recent gains of nearly 8% over the past four days. While this price action indicates improving sentiment, it remains confined within a broader bearish technical setup.

For the uptrend to gain real traction, SOL needs to break above a critical resistance level at $163.76. This level, which coincides with the lower edge of the Ichimoku Cloud, has historically acted as a ceiling during correction phases. Clearing it would mark the first significant shift in the trend since late May, when the price started its downward movement from recent highs.

Further upside could bring the $169.20 and $179.50 levels into play, suggesting a potential 16.7% price jump if buyers remain in control.

RSI Signals Recovery, But Bullish Conviction Remains Weak

One encouraging sign comes from the Relative Strength Index (RSI), a key momentum indicator. Over the past three days, Solana’s RSI has climbed from 39.26 to 54.51, signaling that bullish interest is returning after a period of intense selling pressure.

However, it is worth noting that RSI remains below the 60 threshold—often viewed by traders as a marker of stronger bullish conviction. Until this level is cleared, the momentum shift remains incomplete. The neutral reading reflects a cautious market where buyers are hesitant to fully commit, and any weakness could easily trigger a new wave of selling.

In simple terms, while the momentum is no longer bearish, it hasn’t firmly turned bullish either.

Ichimoku Cloud Projects Persistent Resistance

Another key element in this Solana price analysis is the Ichimoku Cloud, a tool widely used to assess market direction and resistance zones. Currently, Solana’s price is trading within a thick red cloud—an indication that the asset remains in a technically bearish zone.

Although the Tenkan-sen (conversion line) has crossed above the Kijun-sen (baseline)—often an early sign of a potential trend reversal—the price remains trapped inside the cloud. For a confirmed breakout, SOL must rise above the upper cloud boundary, which currently lies near the $170 mark.

Complicating the outlook, the Leading Span A is still below Leading Span B, signaling that bearish momentum could persist in the near future unless strong buying support enters the market.

Bearish EMA Structure Still in Play

Despite short-term optimism, Solana’s exponential moving averages (EMAs) are still aligned in a bearish configuration. Short-term EMAs, including the 20-day and 50-day averages, remain positioned below the 100-day and 200-day lines, reflecting lingering downward pressure.

For SOL to reclaim a bullish posture, it must first see its short-term EMAs move above the longer-term ones—a shift that would suggest more sustained upward movement rather than a temporary bounce.

Right now, the price must hold above the recent breakout point of $150.65. A drop below this level could invalidate the ongoing rally and lead to a revisit of the next support zone around $141.53.

What’s Next for Solana?

With its RSI recovering and price action stabilizing, Solana appears to be entering a key decision zone. If momentum strengthens and the price breaks above $163.76 and exits the Ichimoku Cloud, the case for a sustained recovery becomes more compelling.

A clear breakout could take SOL toward the $169.20 and $179.50 levels, particularly if trading volume supports the move.

However, the current bearish EMA setup and resistance within the Ichimoku Cloud present significant hurdles. If Solana fails to maintain current support levels and breaks below $150, the bullish narrative will likely be put on hold—potentially opening the door to further corrections.

Final Thoughts

This Solana price analysis shows that while bulls are starting to return, the recovery remains fragile. Technical indicators paint a mixed picture, with some momentum improvements but lingering structural weaknesses. A break above key resistance levels would offer stronger confirmation of a bullish reversal, but until then, the trend remains uncertain.

Investors should watch for high trading volume and a push beyond the $170 mark to signal a more decisive shift in market sentiment. Caution remains warranted as SOL navigates this critical juncture.