Solana Rebounds From 12-Month Low, Set To Head To $130?
After hitting its lowest point in the past 12 months at US$95.23 on April 7, 2025, Solana (SOL) is showing signs of recovery.
Quoting information from Beincrypto media, the price of SOL has risen by approximately 17%, reaching US$124.58, driven by increased demand and more positive market sentiment.
Uptrend and Rising RSI
SOL’s price increase is supported by an upward trendline, which shows a consistent formation of higher lows.
This indicates the beginning of a bullish trend. Additionally, Solana’s Relative Strength Index (RSI) has climbed to 49.58, approaching the neutral line of 50.
If the RSI successfully breaks above 50, it could confirm strengthening buying pressure, opening the door for further price increases.
Support Level and Next Target
The current support level sits around US$120.74. If SOL is able to hold above this level, there’s potential to continue its upward trend toward the next target at around US$138.
However, if the price falls below US$120.74, SOL might revisit the previous support level at US$95.
Conclusion
Solana is showing promising signs of recovery after hitting its lowest point in a year.
With support from the uptrend and a rising RSI, there is potential for further price growth.
However, it’s important to continue monitoring the support levels and other technical indicators to anticipate any possible trend reversals.
