Solana (SOL) is beginning to exhibit hidden bullish divergence, indicating a potential price recovery. A brief market analysis reveals that the asset is at key levels.
Hidden Bullish Divergence
Technical data shows that SOL is printing higher lows on the RSI while forming lower lows on price charts. This hidden bullish divergence often signals underlying strength. Analysis by Crypto Zeinab indicates that SOL has entered a short-term retest phase after hitting $180.
Price Forecast and Key Levels
If bullish momentum strengthens, a continuation towards $260 remains plausible. According to observations by Polymarket, there is a 71% chance of SOL closing near $190 in May. A strong move above $200 could reopen the path towards the $260 range and potentially towards $457.97.
Current Market Conditions
Despite current price volatility, rising wallet activity and reclaimed technical levels continue to support Solana's bullish case. The MACD on higher timeframes still favors buyers, and the RSI on the 4-hour chart is beginning to recover from recent lows.
Solana shows signs of recovery thanks to hidden bullish divergence and rising interest from traders. Future price levels could significantly impact the asset's movement.
