Solana Eyes $260 as Hidden Bullish Divergence Sparks Recovery Hopes

By: cryptofrontnews|2025/05/16 10:15:06

Solana shows hidden bullish divergence as RSI rises while price forms lower lows near $170 support.A confirmed break above $181 could trigger a 45% rally, targeting $260 as the next major level.Polymarket data shows 71% chance of SOL closing May near $190, with buyers eyeing $457 long term.Solana (SOL) has started responding to a hidden bullish divergence forming across lower timeframes, suggesting a potential continuation. After a sharp retracement to $170 following Bitcoin’s pullback below $103,000, SOL is attempting to stabilize. If this divergence holds, a recovery of at least 45% could push prices toward the $260 zone.Bullish Divergence May Fuel Short-Term RecoveryTechnical data shows SOL is printing higher lows on the RSI while forming lower lows on price charts. This hidden bullish divergence often signals underlying strength, especially during consolidations. According to analysis prepared by Crypto Zeinab on X, SOL has entered a short-term retest phase after hitting $180.Source :Crypto Zeinab(X)Gemxbt on X reported that SOL is currently showing a bearish pattern on the 1-hour chart, marked by lower highs and lows. Key support rests around $170, with resistance near $177. However, the RSI is nearing oversold territory, suggesting sellers may soon lose control.Source :Gemxbt(X)This aligns with the current price action holding just above the 61.8% Fibonacci retracement level from the $166 swing low to the $185 high. A break above $180 and close beyond the daily SMA 200 at $181 could act as a catalyst for further gains.Price Outlook Includes $260 Target With Strong Market ReentryIf bullish momentum strengthens, a continuation to $260 remains plausible. According to an observation by Polymarket, traders assigned a 71% chance of SOL closing near $190 in May. A strong move above $200 could reopen the path toward the $260 range and, if momentum sustains, toward $457.97 — a level over 150% from current prices.https://twitter.com/JavonTM1/status/1922651121694167104The MACD on higher timeframes still favors buyers, and the RSI on the 4-hour chart is beginning to recover from recent lows. Despite volatility, rising wallet activity and reclaimed technical levels continue to support Solana’s bullish case.The post Solana Eyes $260 as Hidden Bullish Divergence Sparks Recovery Hopes appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

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