Solana’s RSI “Trading Rhythm” Signals Another Bounce as Price Tests Channel Support

Solana trades in an uptrend, with RSI signals aligning with support and resistance levels.

Price holds above $207 support, with upside targets at $216, $225, and $252 if momentum continues.

Developer activity exceeds 10,700 on Solana, strengthening adoption and sustaining long-term ecosystem growth.

Solana is moving back and forth within an uptrend, aligning with the RSI’s overbought and oversold zones. The 4-hour chart shows a consistent trading rhythm, where price rebounds from support coincide with oversold signals and pullbacks from resistance align with overbought readings.

RSI Alignment with Channel Movements

According to an observation by Trader Tardigrade, Solana’s price continues to trade inside a parallel upward channel on the 4-hour chart. Each time RSI entered the oversold zone, Solana’s price touched or neared the lower boundary, sparking rebounds. Overbought readings coincided with short-term tops near the upper resistance level, followed by controlled retracements.

The data shows that this pattern has repeated for months, building a reliable connection between RSI movements and price action. Current readings again place RSI in oversold territory while Solana trades close to channel support, suggesting a potential rebound within the ongoing uptrend. Market performance reflects these dynamics

Source: CoinMarketCap

Solana is currently priced at $208.78, gaining 3.6% in the last 24 hours, according to CoinMarketCap. Trading volume rose by 54.48% to $5.26 billion, pushing the volume-to-market cap ratio to 4.63%. Market capitalization stands at $113.5 billion with 543.63 million tokens in circulation. Exchange flow data reported $36.3 million in net outflows on September 29

Key Levels and Network Growth

According to analysis prepared by Gem Detecter, Solana has maintained higher lows since early 2024, advancing from $95.23 to $254.25 before retracing toward $209.63. Fibonacci retracement levels show support near $201, keeping price above the long-term trendline.

Source: GemDetecter(X)

Technical levels point to immediate support between $207 and $210, with resistance at $216–$220. A successful breakout may lead to targets at $225 and $252. A breakdown below $207 could shift focus toward $195 and $182.

Beyond technical levels, network fundamentals remain strong. Chainspect reports more than 10,700 active developers working on Solana, nearly double Ethereum’s figure. Over 61,000 developers contribute across the ecosystem, strengthening adoption and sustaining long-term demand for SOL tokens.

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