Solana’s Latest Price Divergence: Altcoin Trend Reversal Ahead?

Solana’s charts are flashing a rare divergence—just as the broader crypto market holds its breath. Is this the start of a new altcoin paradigm, or another false dawn for traders chasing the next moonshot?

Technical signals suggest tension between SOL’s price action and momentum indicators. Meanwhile, Bitcoin dominance wobbles—fueling speculation that capital might rotate into select alts. But with institutional money still treating crypto like a high-stakes casino, skepticism remains the smart play.

Source: Coinglass

The rising OI trend has been in play since March. SOL has also been on a recovery path since then.

However, even though it rallied from $106 to $182, the altcoin was unable to push past $180 – A level which served as resistance in early March.

Source: Coinglass

The funding rate had been negative over the past couple of days, but it was positive at press time. At the same time, the $152-level, which had been a short-term resistance ten days ago, acted as a support.

Solana bulls have been trying to drive a recovery from this level and at the time of writing, their chances appeared to be good.

Solana bulls prepare to recover recent losses

Source: SOL/USDT on TradingView

On the 4-hour chart, the $152-level was defended. The MFI formed a higher low while the price made a lower low, highlighting a bullish divergence. This divergence saw solana prices rally by 3.7% in 8 hours, and the H4 session at press time was green too.

Sustained momentum for the altcoin would depend on Bitcoin [BTC]. The OBV was back at its May lows. While it showed some selling pressure over the past week, it also showed that selling volume was not overwhelming.

SOL was trading at its late-April highs, but the OBV has not sunk that deep yet. Combined with the bullish divergence and the Futures data, it appeared that a shift in sentiment could drive a price MOVE towards $180.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion