Solana (SOL) has recovered over 12% today after Trump announced a 90-day pause on tariffs. Despite the significant recovery, technical indicators continue flashing bearish warnings. Key indicators like the RSI, BBTrend, and EMA lines all point to weakening momentum and a lack of buyer conviction. While oversold conditions have started to stabilize, the broader structure still leans slightly in favor of sellers.
Solana RSI Shows The Lack Of Conviction Among Buyers
Solana’s Relative Strength Index (RSI) is currently sitting at 45.52, hovering in neutral territory but remaining below the midline of 50 for nearly two days.
This comes after the RSI briefly dipped to an oversold level of 21.53 two days ago, indicating that sellers had briefly dominated before demand began to stabilize.
The RSI’s slow climb back toward neutral suggests that while extreme selling pressure has eased, bullish momentum has not…
