Solana Price Sees First Green Monthly Candle in Ten Months

Solana's price has recorded its first green monthly candle in ten months, marking a significant change from the persistent selling pressure seen over that period.

The momentum picture is also improving, with the monthly MACD approaching a bullish crossover and the monthly RSI breaking above a two-year downtrend.

Experts believe that if the MACD crossover confirms while Solana continues to hold above $100, it would add weight to a longer-term recovery.

The next challenge is translating these improving monthly indicators into sustained price acceptance above the resistance levels sitting between $120 and $146.