Solana (SOL) has shown impressive performance recently, with a 14.29% rally over the past 30 days. Although indicators like BBTrend and EMA lines signal positive sentiment, emerging weaknesses could impact SOL’s continued growth.

BBTrend Shows Positive Momentum
SOL’s BBTrend stands at 4.73, maintaining a positive trend since October 12, with only a minor dip on October 29. While lower than its October 23–24 highs of 8–9, the current level still suggests upward pressure, hinting that buyers may be returning, potentially due to VanEck’s recent introduction of Solana staking for institutional investors.

Current Uptrend Lacks Strength
SOL’s ADX currently reads 12.3, indicating weak trend strength. Its DMI chart shows a slightly bearish sentiment, with D- at 22.4 and D+ at 19.6, suggesting selling pressure is slightly stronger than buying pressure.

Potential Price Outlook: $194 by November?
SOL’s EMA lines remain bullish, but the short-term EMAs have recently started to trend downward. If they cross below the long-term EMAs, a bearish “death cross” could signal a potential downtrend. Support levels at $165 and $158.9 offer possible fallback points, implying a potential 9% correction if tested.

Conversely, if bullish momentum strengthens, SOL could break resistance at $182 and potentially reach $194, marking a 10.8% gain. The next few days will be crucial in determining whether SOL sustains its bullish structure or shifts to a downtrend.