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SOL Eyes $150 After First Green Monthly Candle in 10 Months

SOL Eyes $150 After First Green Monthly Candle in 10 Months

CryptonewslandCryptonewsland2026/09/11 11:54
By:Cryptonewsland
  • SOL posted its first green monthly candle in 10 months, signaling improving momentum.
  • Whale accumulation reached 285,503 SOL, worth approximately $28.82 million.
  • A daily golden cross strengthens the case for SOL potentially reaching $150.

Solana — SOL, has flashed several signals that could change the current market outlook. SOL recently closed its first green monthly candle in ten months. Monthly MACD also approaches a bullish crossover, while RSI breaks a two-year downtrend. Meanwhile, whale accumulation adds another bullish layer to the setup. SOL still faces resistance around $100 to $120. A sustained breakout could open the path toward $150. Traders now watch whether momentum can build behind the recovery.

Solana Builds a Stronger Bullish Setup

SOL trades near $102 after falling 3% over 24 hours. The short-term decline has not erased the broader recovery. SOL remains up 34.8% over the past 30 days. The token traded between $102.28 and $105.20 during the latest session. The monthly chart now presents three important technical signals. First, SOL printed a green monthly candle after ten consecutive months. Such a shift can signal improving market sentiment. However, traders still need confirmation from additional momentum indicators.

The monthly MACD provides the second major signal. The indicator approaches a potential bullish crossover. The crossover remains unconfirmed for now. Confirmation could strengthen expectations for a larger trend reversal. Monthly RSI provides the third bullish development. The indicator recently broke above a descending trendline. That trendline controlled momentum for roughly two years. A sustained breakout could signal stronger long-term buying pressure.

SOL previously traded above $200 before dropping toward the $60 region. The $60 to $80 zone remains important for the recovery structure. Holding that range could keep the broader bullish setup intact.

Daily Golden Cross Puts $150 in View

The daily chart offers another bullish signal for SOL. Analyst 0xSweep pointed to a fresh golden cross. A golden cross forms when a shorter moving average rises above a longer one. The analyst compared the signal with a previous crossover. SOL gained roughly 56.22% after that earlier setup. The rally eventually pushed SOL toward the $250 region.

Applying the same percentage gain to current prices suggests a target above $150. The potential move could develop by the end of October. However, historical performance cannot guarantee another similar rally. Fundamental growth also supports the improving Solana narrative. Solana’s real-world asset ecosystem recently reached a new record. Total RWA value climbed to approximately $4.35 billion.

The network also surpassed 420,000 RWA holders. Such growth highlights expanding activity beyond speculative trading. Stronger adoption could provide additional support during a broader market recovery. Solana also dominated recent memecoin trading across tracked chains.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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