Solana (SOL) price continues to attract significant user activity and transaction volume on applications like Raydium, Pumpfun, and Jito. Despite this, SOL has fallen 17% over the past 30 days, losing its $100 billion market cap and currently sitting at $90.6 billion.
Indicators such as BBTrend and ADX suggest a weakening downtrend, with signs of a potential recovery in momentum. Key levels at $183 support and $194.99 resistance will determine whether SOL stabilizes and climbs back toward $200 or faces further downside.
Solana BBTrend Is Almost Positive After 5 Days
Solana BBTrend is currently at -0.43, its highest level since December 21. This marks a significant recovery after hitting a low of -18.89 on December 22. This steady upward movement suggests that bearish momentum is weakening, and buying pressure has been gradually increasing over the past few days.
Although SOL BBTrend is still negative, the approach toward neutral and potentially positive territory indicates a shift in market sentiment that could pave the way for price stabilization or an uptrend in the short term.
BBTrend, or Bollinger Band Trend, is a momentum indicator derived from Bollinger Bands that measures the price’s relationship to the band midpoint. Positive BBTrend values reflect bullish momentum, while negative values signal bearish conditions.
If SOL’s BBTrend turns positive again, as it last did on December 20, it would confirm a full reversal of bearish sentiment and potentially support a renewed upward price trend. In the short term, this ongoing recovery in BBTrend is a positive signal, suggesting that SOL price could see further gains if buying momentum continues to build.
