Solana Is Flashing a Signal Last Seen at the $60 Bottom

Solana’s 14-day Relative Strength Index fell to 27.6, below the 30 level that marks oversold conditions, as SOL traded at $94 at 19:19 UTC on Friday, down about 1.5% for the day on Binance’s SOL/USDT daily chart. The index compares recent gains with recent losses on a 0-100 scale; readings under 30 indicate unusually strong selling pressure. The only prior sub-30 reading on this chart came in mid-June, before SOL bottomed near $60 and rallied to $125. Friday’s low was $92.34, one cent above the 0.500 Fibonacci level near $92, while the 50-day, 100-day and 200-day moving averages remained stacked in bullish order.