Solana is currently trading near $133, reflecting a decline of over 40% in the past year. The price has retreated significantly from its early 2025 highs and has underperformed across multiple timeframes. Over the last month, Solana has dropped by more than 16%, while trading volume has fallen by over 40%. Market cap is now at $74.5 billion, and daily trading volume stands at $3.5 billion.
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Momentum Indicators
RSI: Neutral
The Relative Strength Index (RSI), used to assess overbought or oversold conditions, is currently at 42 on the 14-day setting. It has remained stable over the last week, with no major changes in short-term RSI(7), which is at 43 today – the same as yesterday. This indicates that the recent price decline has not pushed Solana into an oversold technical range.
MFI: Mild Strength
The Money Flow Index (MFI), which incorporates volume into price momentum, is at 57. It has risen from 39 one week ago, showing a shift in volume-weighted momentum.
Fear & Greed Index: Extreme Fear
The overall crypto market sentiment is currently in a state of fear. The index stands at 23 today, down from 28 one week ago. Sentiment has remained low throughout the past seven days, with no recovery toward neutral levels.
Read also: How To Use Crypto Fear and Greed Index To Your Advantage?
Moving Averages
SMA & EMA: Bearish
Solana is trading below its short-term and medium-term moving averages. The current 9-day simple and exponential moving averages are both at 136.0. The 26-day SMA is at 138.0, while the 26-day EMA is higher at 143.0.
Bollinger Bands: Increased Volatility
Bollinger Bands, which reflect volatility and potential reversal points, show the upper band at 146.0 and the lower band at 126.0. Solana’s price is near the lower band, indicating recent downside volatility.
Trend & Volatility Indicators
ADX: Decreasing Trend Strength
The Average Directional Index (ADX), which measures trend strength, has decreased from 44 to 35 over the last week. This suggests a weakening trend, though it remains above the threshold of 25 commonly used to identify trending conditions.
ATR: Lower Volatility
The Average True Range (ATR), a measure of volatility, is currently at 9.0. It has decreased from 10.0 last week, indicating that daily price movements have narrowed.
AO: Bearish
The Awesome Oscillator (AO), used to confirm momentum, remains in negative territory. It has moved from -16.0 to -7.0 over the past week, showing continued negative momentum with a reduction in intensity.
VWAP: Below Average
The Volume-Weighted Average Price (VWAP) is at 186.0, well above the current market price. This means that Solana is trading below its volume-adjusted average level.
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Summary
Technical indicators show that Solana remains in a downward structure. Momentum readings such as RSI and MFI are not showing oversold extremes, while trend and volatility indicators such as ADX and ATR suggest that price moves are stabilizing but still tilted to the downside.
Price remains below short-term and medium-term moving averages and continues to trade near the lower edge of its Bollinger Band. The VWAP is well above current price levels, indicating a deviation from the volume-weighted mean. While certain indicators have flattened or shown minor recovery, no clear reversal signals have appeared so far.
