Is the Solana Rally Over or Just Taking a Break?
2 extracted signals · 0 resolved · 2 still active
More Crypto OnlineIndependent analyst profile- Source published
- 12 Sept 2026, 13:11 UTC
- Recorded by Tahlil Plus
- 12 Sept 2026, 14:58 UTC
AI-generated source summary
The analysis covers both the USD and BTC pairs for Solana (SOL). For SOLUSD, the daily chart shows a bullish sentiment, with the price currently above the support at $97.50, which was previously a resistance. The analysis suggests potential for further upward movement, targeting Fibonacci extension levels at $128.80 (61.8%) and $160.41 (78.6%). The fail bound is set at $90.50, the 50% Fibonacci retracement level, below which the bullish outlook would be invalidated. For SOLBTC, the chart indicates a bearish trend within a descending channel. The price is currently facing resistance at the 38.2% Fibonacci retracement level of 0.0015028. A bounce from the current support at 0.0010000 is expected, with a potential target at the upper boundary of the channel, possibly reaching 0.0019142 (61.8% Fibonacci extension). However, a break below the lower channel boundary and previous lows around 0.0006827 would invalidate this bullish short-term correction scenario.
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