🟣 Solana RSI Warning: SOL Chart Mirrors 2022 Bear Market Setup

Solana traded near $84.27, while its weekly RSI stood at 35.8, according to the chart shared by More Crypto Online. The RSI remains above the key oversold threshold of 30, but the structure still shows weakness after SOL failed to recover strongly from recent lows.
The chart compares the current Solana setup with the 2022 bear market phase, when SOL moved sideways for an extended period before reaching its final low. More Crypto Online said the weekly RSI now resembles those earlier conditions, especially after traders pointed to February’s oversold reading as a possible recovery signal.
However, the analyst warned that the chart still needs confirmation. In technical analysis, an oversold RSI can show strong selling pressure, but it does not always confirm a bottom. Price often needs a clear upside impulse before the market structure turns stronger.
The chart shows one major RSI oversold event during the 2022 decline, when SOL later dropped toward its final bear market low. A similar RSI zone appeared again in 2026, while SOL traded near the lower part of its recent range. This comparison suggests that the current setup still carries risk unless buyers regain control.
SOL price also remains far below its previous cycle highs above $200. After the latest decline, the token moved sideways around the $80 area. This price action shows that buyers have not yet created a strong reversal pattern on the weekly chart.
More Crypto Online said the early 2022 comparison remains valid until Solana forms a clear impulsive move to the upside. That means SOL needs stronger price action, not only a low RSI reading, to confirm recovery.
For now, the weekly RSI shows improving conditions from the oversold area, but the broader structure remains cautious. A strong breakout from the current range could improve the outlook.
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