Solana in a No-Trade Zone: A Meteor of Moves Looms

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Buckle up

Solana’s noble little token has been tiptoeing along a corridor narrow enough to make a yarn shop jealous, trading in a range that would bore a rock and remains politely suppressed under $100 thanks to bearish whispers and macro headwinds that think they run the weather. In other words, the market is behaving like a cat at a magician’s convention-dramatic, skeptical, and somehow still waiting for the wand to sneeze.

According to one popular analyst, this might be the calm before the storm, predicting an explosive move in the short term. The market, evidently, enjoys cliffhangers and dramatic pauses the way wizards enjoy dramatic punctuation.

As of this writing, SOL is worth around $86 (per CoinMarketCap’s data), after forming a local bottom at roughly $77 in February and a local top at $94 a month later. One person who touched on the asset’s performance is Ali Martinez, describing anything within that range as a “no trade” zone.

“Chasing candles inside this consolidation often leads to being chopped up,” he added.

Moreover, the analyst claimed that SOL’s Bollinger Bands have squeezed on the 3-day chart. The indicator, devised by John Bollinger, is basically a moving-average with two windbreaks above and below it. They widen when the market hops about like a caffeinated kangaroo and tighten when the mood is more settled than a tortoise on a Sunday stroll.

Extreme squeeze is usually seen as a precursor of a major move, which can happen at any time. The direction remains unclear, meaning a sudden crash is also in the cards, preferably drawn with a curly mustache and a dramatic soundtrack.

“This high-timeframe squeeze could act like a coiled spring. The longer the price stays in here, the more energy it builds for the eventual breakout,” Martinez concluded.

Earlier this week, Bitcoin’s Bollinger Bands squeezed as never before on a monthly scale. That said, it will be interesting to follow whether SOL and BTC will break out in tandem in the near future.

Mixed Signals From These Metrics

Over the past few weeks, a noticeable amount of SOL has flowed from self-custody to centralized crypto exchanges. This development is typically considered a pre-sale step and could serve as a warning for impending correction, or at least a strongly worded memo from your future self about making tea with your crypto wallet.

At the same time, Solana’s Relative Strength Index (RSI) remains quite close to the bullish zone of 30 on a weekly scale. The technical analysis tool measures the speed and magnitude of recent price changes to give traders a potential idea about reversal points. It runs from 0 to 100, where readings below 30 signal the asset is oversold and due for a resurgence, while anything above 70 are interpreted as bearish territory.

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2026-04-25 09:30