Solana (SOL) has entered deeply oversold territory, with its monthly Relative Strength Index (RSI) dropping to 38.84—a level analysts note is more extreme than during the FTX collapse in 2022. Despite trading significantly higher than its 2022 low of $8, the current RSI suggests an unusually severe decline in momentum. The cryptocurrency is now at a three-year low near $60, down over 80% from its 2025 high, and has posted eight consecutive red monthly candles. Analyst Ash Crypto highlights that prolonged oversold conditions can signal seller exhaustion and a potential price floor, which historically sets the stage for recovery. However, with no definitive technical confirmation of a bottom, SOL could remain oversold or face further downside. The analysis concludes that while a confirmed bottom doesn't guarantee massive gains, assets at such oversold RSI levels have historically produced significant rallies.
bitcoinist6天前




