Solana (SOL) slides to 0.0010 BTC as weekly RSI hits 35.8
Solana (SOL) is facing renewed downside pressure. The weekly Relative Strength Index (RSI) has fallen to 35.8, a level last seen during the 2022 bear market.
Price action remains weak. SOL is stuck around the $80–$85 range after a recent drop, far below earlier cycle highs near $200. Even if the weekly RSI trend shows minor improvement, SOL has not regained momentum.
On the SOL/BTC pair, Binance weekly data shows SOL sliding to roughly 0.0010 BTC, the lowest since October 2023. Analysts point to weakening relative strength versus Bitcoin (BTC). The pair is printing lower highs, indicating that rallies are failing to reclaim prior resistance.
For traders, the key confirmation is a stronger upside impulse: SOL/BTC needs to break out from the current support zone and deliver clearer weekly closes. The article stresses that low RSI alone is not a reliable “bottom” signal, and any meaningful reversal likely requires sustained buyer demand.
Overall, the setup still resembles early 2022, keeping SOL bearish until SOL/BTC and SOL reclaim their broken range and upside structure.
Bearish
This news is bearish for SOL because both momentum and relative strength are deteriorating. The weekly RSI falling to 35.8 echoes 2022 bear-market conditions, and the article warns that low RSI alone does not confirm a bottom. Meanwhile, SOL/BTC slipping to about 0.0010 BTC and printing lower highs suggests rallies are being sold and the broken range has not been reclaimed. Short term, traders should expect continued BTC-led relative weakness unless SOL/BTC breaks support and posts stronger weekly closes. Long term, a sustained reversal would require a clear upside impulse—otherwise the current bearish structure could persist, keeping risk elevated for SOL longs.