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Solana's price momentum weakens, hitting 2023 lows against Bitcoin with bearish RSI signals.

Technical Signals
05 May 2026
Coinpaper
View Source
Bearish
pluang ai news

Solana (SOL) is showing weak momentum as its weekly RSI mirrors a 2022 bear market pattern, indicating potential further downside. The SOL/BTC pair has fallen to its lowest level since October 2023, erasing gains made during the previous speculative rally. Despite RSI readings above oversold levels, Solana has not formed a strong reversal pattern, suggesting caution for investors. A clear upward price move is needed to confirm recovery, while Bitcoin continues to outperform Solana in relative terms.

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