Solana Rebound Stalls Below $105.63 Hourly Pivot as Momentum Fades

A technical reading on Oct. 19 placed Solana (SOL) below two key daily averages and just under a $105.63 hourly pivot as its rebound lost momentum.

The reading put SOL at $105.43, below its 20-day and 50-day exponential moving averages (EMAs) at $109.47 and $106.89, respectively, but above its 200-day EMA at $95.57. The daily relative strength index (RSI) was 38.8. The daily moving average convergence-divergence (MACD) histogram remained negative, although its readings narrowed over three completed periods.

SOL was $103.74 at 10:39 a.m. ET (14:39 UTC) on Oct. 19, with a 24-hour range of $100.51 to $105.91. The two prices have no matching observation times, so they do not establish the sequence of the move.

On the hourly chart, SOL was above its 20-hour EMA at $104.54 and 50-hour EMA at $104.17, but below its 200-hour EMA at $106.43. Hourly RSI was 62.0, while the positive MACD histogram was shrinking.

The chart's recovery condition was a completed hourly close above $105.63; a close below $105.29 was the threshold for renewed weakness. The last completed hourly candle closed at $105.47, between those levels.