TLDR
- SOL recorded its first green monthly candle in 10 months after bouncing from around $60
- Monthly RSI broke a two-year downtrend; MACD is approaching a bullish crossover
- A whale bought 285,503 SOL worth $28.82 million over three weeks on Hyperliquid
- A daily golden cross on SOL’s chart has analysts projecting a potential move above $150
- Solana’s RWA ecosystem hit a new ATH of $4.35 billion and captured 67% of multichain memecoin volume
Solana (SOL) is trading near $102 after a 3% drop over 24 hours. Despite the short-term dip, SOL is up 34.8% over the past 30 days. The 24-hour range sits between $102.28 and $105.20.
The second signal is the monthly MACD, which is approaching a bullish crossover. That crossover has not yet been confirmed. The third is the monthly RSI, which broke above a descending trendline that had been in place for roughly two years.
Ash Crypto posted on X: “$SOL is showing one of the most bullish setups in crypto right now. Closed its first green monthly candle in 10 months. Monthly MACD is about to cross bullish. Monthly RSI has broken a 2 year downtrend. Is SOL starting its major bullish reversal?” The analyst stopped short of calling it confirmed, but noted the shift in momentum structure.
$SOL is showing one of the most bullish setups in crypto right now.
– Closed its first green monthly candle in 10 months
– Monthly MACD is about to cross bullish
– Monthly RSI has broken a 2 year downtrendIs SOL starting its major bullish reversal? pic.twitter.com/HREhkUYrlh
— Ash Crypto (@AshCrypto) September 8, 2026
SOL previously traded above $200 before falling toward $60. Holding the $60 to $80 zone would preserve the recovery structure. A move through $100 to $120 would strengthen the case further.
Whale Accumulation
On-chain data shows whale address HURDw made repeated SOL purchases through Hyperunit’s hot wallet over three weeks. The total came to 285,503 SOL worth approximately $28.82 million. The largest single transfer was 49,732 SOL, valued around $5.07 million.
The buying occurred across multiple transactions rather than one large move, and it happened as SOL was recovering from its lows near $60.
Daily Golden Cross Puts $150 in View
Analyst 0xSweep pointed to a fresh golden cross on SOL’s daily chart. A golden cross occurs when a shorter-term moving average crosses above a longer-term one.
Solana daily bullish cross has happened
When this happened last time SOL pumped 56% in 7 weeks
A similar pump could push SOL above $150 by October end pic.twitter.com/35z8WlPBRK
— Sweep (@0xSweep) September 8, 2026
0xSweep compared this crossover to a previous one on the same chart, after which SOL gained about 56.22% and reached the $250 region. Applying the same percentage to current levels puts a potential target above $150 by end of October. That figure is based on historical comparison, not a confirmed price target.
Solana’s RWA ecosystem hit a new all-time high of $4.35 billion in total value, with over 420,000 RWA holders on the network. On September 7, Solana captured 67% of spot DEX memecoin volume across tracked chains, nearly three times Robinhood’s 23% share.
