Solana Maintains Uptrend Without Golden Cross as Traders Watch Key Support Levels

Solana (SOL) continues its upward trajectory despite the absence of a golden cross — a classic bullish indicator that occurs when the 50-day moving average crosses above the 200-day moving average. Typically seen as a strong buy signal, this crossover often marks a shift in market sentiment. Yet, SOL’s recent performance shows strength even without this technical catalyst, signaling investor confidence and underlying resilience.

Currently trading around $147, Solana is holding firm above the crucial $140 support level. Since June, the price has consistently formed higher lows, suggesting a period of gradual accumulation that could lead to a more sustained rally. However, a significant resistance zone lies ahead. Both the 100-day and 200-day moving averages converge in the $160–$165 range, historically acting as a ceiling that has capped SOL's rallies below $170 in the last quarter.

The Relative Strength Index (RSI) is hovering near 48, indicating that Solana is neither overbought nor oversold. This neutral zone leaves room for upward momentum if buying pressure increases. Additionally, trading volume has remained steady during recent dips, which suggests that large holders are not exiting the market in significant numbers — a positive sign for long-term sentiment.

For traders, three levels are key to watch. The $140 level must hold to confirm the continuation of the uptrend. A breakout above the $165 resistance could pave the way toward reclaiming the $170 range and beyond.

While lacking the golden cross, Solana’s current price structure and technical stability point toward a potentially bullish continuation if broader market conditions support a renewed wave of buying.