<ul data-eligibleForWebStory="true"><li>Solana is poised for a potential price reversal following market-wide weakness that pushed SOL to a multi-month low of $140.21.</li><li>Technical indicators show signs of renewed bullish momentum, indicating a possible conclusion to the recent downturn and potential upward movement.</li><li>The Moving Average Convergence Divergence (MACD) indicator on Solana's daily chart approaches a golden cross formation, suggesting a shift towards bullish sentiment.</li><li>MACD crossovers are significant timing indicators used by traders to identify buy or sell signals; a pending golden cross could attract more buying interest.</li><li>Solana's Balance of Power indicator at 0.36 confirms positive buying pressure and renewed demand, indicating potential upward price movement.</li><li>A positive Balance of Power reading suggests buyer dominance in the market, creating upward price pressure.</li><li>The combination of an approaching MACD golden cross and positive Balance of Power sets a favorable technical environment for potential price appreciation.</li></ul>

Solana Primed for Recovery as MACD Golden Cross and Positive BoP Signal Bullish Reversal

Discover more