🟣 Solana RSI Warning: SOL Chart Mimics 2022 Bear Market Setup Solana is trading near $84.27, while its weekly RSI is at 35.8, according to a chart shared by More Crypto Online. The RSI remains above the key oversold threshold of 30, but the structure still indicates weakness after SOL failed to strongly recover from recent lows. The chart compares Solana's current setup with the 2022 bear market phase, when SOL moved sideways for an extended period before finally reaching its lowest level. More Crypto Online states that the weekly RSI now resembles that previous condition, especially after traders noted the oversold reading in February as a potential recovery signal. However, analysts warn that this chart still requires confirmation. In technical analysis, an oversold RSI can indicate strong selling pressure but does not always confirm a bottom in price. Prices often need a clear upward impulse before the market structure becomes more robust. The chart shows one major oversold RSI event during the 2022 decline, when SOL then dropped toward its final bear market bottom. A similar RSI zone appears again in 2026, while SOL is trading near the lower end of its recent range. This comparison suggests that the current setup still carries risks unless buyers regain control. SOL's price also remains well below the previous cycle's peak above $200. After the recent decline, the token has moved sideways around the $80 area. This price action indicates that buyers have not yet created a strong reversal pattern on the weekly chart. More Crypto Online states that the early 2022 comparison remains valid until Solana forms a clear impulsive move upward. This means SOL needs stronger price action, not just a low RSI reading, to confirm a recovery. For now, the weekly RSI shows an improving condition from oversold territory, but the broader structure remains cautious. A strong breakout from the current range could improve the outlook.

#Gate广场五月交易分享 DOGE: The most handsome coin today, DOGE is at $0.11474, up 3.03%, up 15.47% over 7 days, up 24.37% over 30 days, and has also turned positive over 90 days (+10.58%). It has risen from $0.09 to $0.115, an increase of over 25%, with a very clear trend. In terms of long-short ratio, Bn account is 2.0211, OK is 1.95, and large accounts hold 2.6289. Like SOL, the bullish sentiment is high—more than twice the number of bears. At such times, be cautious, as the market maker may take the opportunity to shake out traders. But conversely, as long as BTC doesn’t crash, DOGE’s bullish trend won’t end easily. Liquidation data: 4-hour short positions exploded by 110k, long positions by 130k. Both sides have liquidations, but the scale isn’t large, indicating the market isn’t at an extreme. Support levels are at 0.112-0.113, resistance at 0.117-0.118. Those looking to go long should wait for a pullback to 0.112-0.113 for confirmation before entering, with a stop loss at 0.108, targeting 0.117-0.118. Don’t chase highs; wait for a pullback for more confidence. In one sentence: DOGE is the strongest asset recently, but the long-short ratio is high. Wait for a pullback to go long, don’t FOMO.

ETH is following behind, sipping soup; SOL and XRP also have gains; the ETF narrative is not over yet.