After reaching a local top within the resistance zone in September and forming an M-pattern, Solana faced a sharp correction. The price briefly dropped below the 50-day EMA and the psychologically important $200 level. However, by the end of the month, a strong rebound followed — Solana saw heavy buying interest and quickly climbed back above the 50 EMA, regaining its broader bullish trend.
Currently, the price is consolidating within a narrow range between $225 and $235. According to the heatmap, liquidity is gradually building up below this area. A short dip might absorb that liquidity before the next upward move. More importantly, there is significantly larger liquidity above the current price — if Bitcoin continues its rally, Solana is likely to follow, targeting higher liquidity zones.
The MACD still indicates positive momentum, while the RSI remains above 50 — both confirming a bullish market structure. As long as the price stays above the 50 EMA, the overall setup remains constructive. A short-term pullback could serve as a healthy correction within the trend, offering new buying opportunities.
4-hour chart: solid market structure
On the 4-hour timeframe, Solana also maintains strong technical form. The liquidation level map shows a neutral balance between long and short positions, reflecting equilibrium between buyers and sellers.
The MACD remains neutral, with no clear divergences, while the RSI holds steadily above 50, indicating sustained buying pressure. The 50 EMA acts as dynamic support, gradually pushing the price higher.
An ascending triangle pattern is forming on the chart — a bullish formation that suggests the potential for continued upward movement. A breakout above the upper trendline could trigger a retest of the red resistance zone. However, if Bitcoin enters a correction and drags the broader market lower, the green trendline will serve as the key support area for Solana.
Overall, the technical outlook remains positive: the combination of stable EMAs, constructive indicators, and the formation of an ascending triangle supports the probability of a continued bullish trend. The key factor remains Bitcoin’s behavior — maintaining its strength will likely confirm a bullish impulse for Solana.