Solana Poised for First Bullish Golden Cross Since 2025

After months of weakness, Solana's recovery potential is gaining traction as its short-term moving averages converge between $75 and $76. This technical event could be referred to as a 'mini golden cross', which would be the first bullish crossover for these averages since 2025.

Solana has been stabilizing after falling to $60 in June, and its recent price momentum has improved significantly. The asset's performance since July has established a reasonably stable base around $70 to $75, increasing the significance of this potential golden cross.

The daily RSI for Solana has risen to roughly 57, indicating that buyers may be able to overcome resistance and push prices higher. The positioning of derivatives is also optimistic, with Binance's top traders holding a long/short ratio of approximately 2.38 in favor of longs.

However, the broader trend for Solana remains bearish, with the asset still about 38% lower so far this year. If the crossover fails and Solana loses $75, focus would return to $70 and possibly $65.