Solana (SOL) Price Ready for Rally – 3 Key Signals Flash Bullish

Solana (SOL) price shows three strong recovery signals that could trigger a short-term rally despite recent market weakness.

SOL is still up 10% over three months, and the charts are looking pretty solid right now. Three major signals are flashing that this dip might be temporary – and one could actually spark a decent rally.

Solana (SOL) Leaves Exchanges as Selling Pressure Drops

Solana tokens are disappearing from exchanges fast. Balances dropped from 33.06 million SOL on July 23 to 30.78 million by August 5 – that's nearly 10% fewer tokens ready to get dumped.

Even better, SOL price just crossed above its exchange supply trendline. When this happened on July 16, price pumped from $173 to $205 in six days. July 24 saw another jump from $182 to $188 in three sessions. This pattern usually means money.

Institutional Futures Stay Strong While Price Slides

CME futures open interest has been rock solid even while spot price dropped. On August 1, open interest held at 3.07 million while SOL fell from $162 to $158, then bounced to $169. Same thing happened July 25-27 – futures stayed steady, then SOL bounced from $184 to $188.

When institutions aren't selling futures while price falls, they're usually just waiting for weak hands to finish panicking.

Solana (SOL) Price Sets Up Golden Cross Formation

The daily chart shows a potential "golden cross" – the 100-day moving average is creeping toward the 200-day average. When these cross, bulls usually take over.

SOL is holding $160 support right now. Push to $176 (10% up) and the trend flips bullish.

Break $188 and $200 comes back into play. But drop below $155 and we're looking at more downside. Real danger is under $142.