Solana Price Bounces Amid Accumulation Divergence and Trendline Break

Solana's price is showing signs of recovery as it forms what may be an accumulation bottom. A weekly bullish RSI divergence has strengthened the case for a potential turnaround, despite the asset remaining locked in a broad consolidation range.

The divergence between Solana's price and its Relative Strength Index (RSI) suggests that bearish momentum weakened even as price remained under pressure. The RSI has since recovered to around 41, moving away from the oversold region near 30.

However, this is an early reversal signal rather than confirmation of a new uptrend. Solana still needs to strengthen within its current range and eventually reclaim its upper boundary. A sustained weekly move toward and above roughly $90 to $100 would provide stronger evidence that accumulation is giving way to a broader recovery.

The daily chart also shows a more immediate bullish signal, with Solana moving above a descending trendline that had capped price since May. Breaking this line is constructive because it challenges the short-term bearish structure that had kept rallies contained for several months.