Solana’s Hidden Bullish Signal Returns — Could a New All-Time High Be Imminent?

Solana continues to outperform the broader crypto market. While the overall market is up just 0.5% in the past 24 hours, the Solana price has gained nearly 3% at press time — extending its steady uptrend from the past three months.

The token has climbed about 37% in that period, showing consistent strength even through market slowdowns. But the more interesting part isn’t the short-term move. New technical and on-chain metrics now suggest that Solana may be preparing not just for another rally, but a possible breach of its previous all-time high near $293.

A Hidden Signal Suggests SOL’s Uptrend Isn’t Over Yet

On Solana’s daily chart, a hidden bullish divergence has appeared, a setup where the price makes a higher low while the Relative Strength Index (RSI) makes a lower low. Traders use the RSI to measure momentum and identify when a move might continue or slow down.

This pattern often signals that an uptrend is gaining strength rather than reversing. The last time Solana showed this structure — between April 7 and June 22 — the price climbed 63.63% in just a month. A similar divergence formed between August 2 and September 25, and around 24% of that potential move has already played out.

Solana Price Fractal: TradingView

If Solana follows the same trajectory, the price could reach $312 by late October, roughly mirroring the timing and scale of the earlier rally.

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On-chain data adds more confidence to this view. The short-term holder NUPL (Net Unrealized Profit/Loss), which tracks whether recent buyers are sitting on profits or losses, currently stands at 0.11. This level typically signals controlled profit-taking, not overexcitement.

Short-Term Solana Holders Aren’t Overheated: Glassnode

In previous cycles, NUPL values around 0.20–0.21 marked local tops — such as in July and September — when short-term holders began selling aggressively. Today’s level near 0.10–0.11 is closer to the “steady zone” seen in August, when Solana climbed after minor dips.

This suggests there’s no danger of a major top yet, and the market still has room to move higher, validating the divergence-led expectations.

Solana Price Setup Suggests Room To Test Higher Levels

At press time, Solana trades near $226, facing immediate resistance at $251, which aligns with the 0.618 Fibonacci extension — a level often considered a pivot point during sustained uptrends. A clean close above this mark could push SOL toward $288, followed by a retest of the $293 all-time high, a major psychological level for traders.

Solana Price Analysis: TradingView

If the Solana price breaks above that, the earlier fractal projects a move toward $312 and even $349, new potential milestones.

However, if the price falls below $213 and then $190, the bullish continuation thesis weakens, signaling a possible short-term pullback or even a deeper correction.

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