Solana Price Recovery Gains Momentum Amid Bullish Divergence
Solana's price has been showing signs of recovery as it forms an accumulation bottom. The weekly chart indicates a bullish RSI divergence, suggesting that SOL may be building a durable floor despite its recent decline.
The weekly Relative Strength Index (RSI) has recently formed a lower price low while the RSI produced a higher low, indicating weakening bearish momentum. The RSI has since recovered to around 41, moving away from the oversold region near 30 and adding weight to the divergence.
However, this divergence is an early reversal signal rather than confirmation of a new uptrend. SOL still needs to strengthen within its range and reclaim its upper boundary for stronger evidence of accumulation turning into a broader recovery.