Solana on Brink of First 'Mini Golden Cross' Since 2025
Solana (SOL) is on the verge of a significant technical event known as a 'mini golden cross', which would be its first bullish crossover since 2025.
The short-term moving averages are converging between $75 and $76, with SOL currently trading at around $77. If successful, this could bolster Solana's effort to find a bottom following months of weakness.
A bullish crossover would indicate that the recent price momentum has improved, allowing the short-term trend structure to change. Since July, Solana has established a stable base around $70 to $75, and momentum is increasing, with the daily RSI rising to 57, well above the neutral mark without going into overbought territory.
The positioning of derivatives on Binance and OKX supports bullish sentiment, with the top traders on Binance being more strongly inclined toward longs. However, the broader trend remains bearish, with Solana still about 38% lower so far this year, and its long-term moving average falling.