Solana's SOL token is trading at $94.88, but the technical signals that carried it to this level are starting to wobble. The relative strength index (RSI) has climbed to an overbought 82, while the moving average convergence divergence (MACD) has flatlined — a pairing that often precedes a short-term price reset.
Overbought RSI and a stalled MACD
The RSI reading of 82 sits well above the 70 threshold that traditionally flags overbought conditions. For SOL, that means buyers have pushed the token hard in a short window, and the momentum that drove the move is losing steam. The MACD, which measures the convergence of two moving averages, has stopped gaining ground. When that line flattens, it tells traders that the push higher is no longer accelerating — and in many cases, a correction follows.
Neither indicator guarantees a drop. But when they line up the way they are now, the market typically takes a breather.
The pullback zone
According to the chart structure, the high-probability path is a pullback to the $90.54–$92.71 range before any fresh attempt at $98. That zone represents a support area where buyers stepped in during the recent climb. A move into that range would also ease the overbought pressure, giving the RSI room to reset.
A retest of $90 is also mentioned as a likely scenario. That level has been a pivot before, and a clean hold there could set up the next leg higher. If SOL drops through $90, the situation changes — but for now, the $90–$92.71 band is the one to watch.
The $98 price point remains on the table, but not before the market digests this overbought condition. The pullback to $90.54–$92.71 is seen as a necessary step before a run at that level. In other words, the path to $98 likely goes through a dip first.
For traders, the immediate question is whether SOL can hold $90. A successful retest and bounce would keep the uptrend intact. A break below could open the door to deeper losses — and that's a scenario nobody has priced in yet.
