Solana price has broken out of a rising wedge but shows momentum divergence; a short-term pullback to $217–$210 is likely before higher targets near $256–$286 resume. Watch RSI, OBV and Futures open interest for confirmation.
Immediate outlook: SOL likely retests $217–$210 support.
Bullish structure on the 1-day chart matches Fibonacci extension targets at $256 and $286.
On-chain and futures metrics show increased open interest and buying pressure; RSI divergence on the 4-hour suggests a short-term correction.
Solana price outlook: SOL may dip to $217–$210 after a rising wedge breakout; monitor RSI, OBV and liquidation heatmaps for trade signals.
What caused Solana’s breakout and why might a pullback follow?
Solana price broke out of a rising wedge pattern, signaling buyer conviction after the move past $220. However, a bearish RSI divergence on the 4-hour chart and rising futures open interest indicate momentum exhaustion, making a short-term pullback to $217–$210 likely.
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How strong is the bullish case on higher timeframes?
On the 1-day chart, market structure remains bullish with a valid Fibonacci retracement from the June–July rally to $206. The 23.6% extension near $225 is testing, while $256 and $286 stand as the next extension targets. OBV has trended higher since June, showing sustained buying pressure.
Source: SOL/USDT on TradingView (plain text)
How likely is a short-term retracement and what levels matter?
Bearish divergence on the 4-hour RSI has shown lower highs since 8 September while price made higher highs. Combined with elevated futures open interest — a sign of momentum chasers — a retracement is probable. Key support levels to watch are $217 and $210; stops below $210 increase downside risk.
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The 1-week liquidation heatmap identifies concentration zones near $230 and $217, suggesting clustered stops that can fuel volatile moves. If liquidation cascades are avoided and $217 holds, buyers could re-enter and target $256. Coinglass liquidation snapshots and futures OI trends were used as reference data (plain text).
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