RSI signals sell off at $100 – is the market about to pull back?
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Harvey Hunter
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The SOL is flashing a familiar bottom signal, with the RSI entering oversold territory and pointing to $100 as the heart of bullish Solana price speculation.
That zone of interest has marked the altcoin's absolute cyclical lows over the past two years, with each retracement consistently generating gains of more than 150% in the following months.
As price re-enters that zone, signs of seller fatigue are beginning to appear.
A breach of the RSI's oversold threshold of 30 suggests that the statement may be inbound, raising the possibility that this level will still carry similar historical significance.
Last week, it had the tenth biggest day of market-wide liquidation in history, bleeding $2.56 billion and pushing Solana to decline below key volume-based levels.
Early January led to excessive market optimism. Rather than guaranteeing structural failure, a liquidation event may be laying the groundwork for a major delinquency reversal as weak hands are washed away.
Solana Price Prediction: Bull Run Begins Now?
This $100 interest zone contributes to a year-long descending triangle structure, and if positioned again as a launch pad setup, a breakout may be warranted.
The MACD reads similar to the RSI, making a high and turning to a golden cross above the signal line, usually indicating that a medium-term uptrend is starting to form on the daily chart.
The key breakout threshold is set at around $210, with temporary resistance around $145. With a higher and stronger leg at these levels, climbing pressure can gain traction.
Fully realized, the triangle pattern will target $600 and have the potential to move 500% mid-term to a new price discovery.
But in the long run, as the macro narrative cools and fundamentals return to the fore, these gains extend 10x to the $1,000 milestone level.
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When the market stops there is a short chance to put it ahead of the next leg. A pattern keeps repeating itself: As bullish momentum returns, Doge-themed meme coins are never far away.
The cycle repeats itself. Dogecoin led the charge, Shiba Inu followed with a split in 2021, then came Floki, Bonk, Dogwhiphat and Nero. Each bull market eventually shifts focus to a new Doge-inspired front.
This time, Maxi Doge ($MAXI) leans toward that legacy, combining early Dogecoin-style energy with a community focused on shared alpha, business insights, and competitive engagement.
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The boost is already showing in the numbers. The $MAXI presale has raised nearly $4.5 million, with early backers earning rewards up to 69% API.
For anyone who has previously sat Doge Cycles, Maxi Doge offers another entry point before mainstream adoption.
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