Solana Funding Rates Stay Positive Amid Pullback, Golden Crossover Suggests Possible Bullish Trend

Key Points

1. Despite a recent price correction from $168 to around $160, Solana’s funding rates remain positive, indicating continued bullish market sentiment.

2. A golden crossover of the 20-day EMA above the 50-day EMA reinforces Solana’s uptrend, suggesting potential for further upward movement.

3. Between July 10 and July 14, Solana exhibited a bearish divergence in the RSI, highlighting short-term weakness, but key support at $158 holds.

4. Maintaining the $158 support level is vital for the bullish structure; a breach below $152 could lead to a more pronounced correction.

5. Targets near $179 and $184 become plausible under sustained bullish conditions, but traders should monitor RSI signals for potential shifts.