Solana (SOL) drop go 0.0010 BTC as weekly RSI hit 35.8
Solana (SOL) dey face renewed downside pressure. Di weekly Relative Strength Index (RSI) don fall reach 35.8, level wey last show for 2022 bear market.
Price action still weak. SOL dey stuck around $80–$85 after recent drop, far below earlier cycle highs near $200. Even if weekly RSI trend show small improvement, SOL never regain momentum.
For SOL/BTC pair, Binance weekly data show SOL sliding to about 0.0010 BTC, di lowest since October 2023. Analysts point to weakening relative strength versus Bitcoin (BTC). Di pair dey print lower highs, meaning rallies dey fail to reclaim prior resistance.
For traders, key confirmation na stronger upside impulse: SOL/BTC need break out from current support zone and give clearer weekly closes. Di article stress say low RSI alone no be reliable “bottom” signal, and any meaningful reversal likely need sustained buyer demand.
Overall, di setup still resemble early 2022, keeping SOL bearish until SOL/BTC and SOL reclaim their broken range and upside structure.
Bearish
Dis news bad for SOL becos both momentum and relative strength dey weaken. Weekly RSI don drop to 35.8 wey dey remind of 2022 bear-market vibes, and the article tok say low RSI alone no dey confirm say bottom don reach. Meanwhile, SOL/BTC don slip to about 0.0010 BTC and dey print lower highs, meaning rallies dey get sold and the broken range never reclaim. Short term, traders suppose expect more BTC-led relative weakness unless SOL/BTC break support and show stronger weekly closes. Long term, if wan get sustained reversal e go need clear upside impulse—otherwise the current bearish structure fit continue, keeping risk high for SOL longs.