Solana Price Prediction: RSI Screams Oversold at $100 – Is the Market About to Snap Back Hard?
Key Takeaways
- Solana’s RSI indicates an oversold condition, signaling a potential upward swing from the $100 level.
- Historical data reveals a significant rebound of over 150% from the $100 demand zone.
- Last week’s market downturn, resulting in a $2.56 billion loss, might set the stage for a recovery.
- The upcoming market conditions could see a potential 500% movement, possibly reaching $600, and a long-term forecast eyes a $1,000 value.
- The emerging trend of Doge-themed meme coins like Maxi Doge could substantially impact market dynamics.
WEEX Crypto News, 2026-02-04 16:07:01
In the world of cryptocurrency, the tides can turn quickly, and Solana (SOL) is no stranger to these rapid shifts. As news emerges about Solana’s Relative Strength Index (RSI) signaling an oversold condition at the $100 mark, investors and analysts are closely watching for indications of a market rebound. It’s a narrative that has played out before: the historical significance of the $100 demand zone has been a consistent launchpad for Solana’s impressive recovery rallies. Each dive into this price point has historically triggered gains exceeding 150%, suggesting that the current conditions might be setting the stage for another robust rebound.
Solana’s Current Market Position
In the ever-evolving landscape of cryptocurrency, Solana finds itself in a critical juncture. As it sits once again at the psychological and technical floor of $100, the token is flashing a bottom signal. The RSI crossing into the oversold zone is a technical indication that often precedes a potential reversal in trends. Over the past two years, this demand zone has been a historical marker for Solana, often serving as a catapult for substantial gains. This pivotal threshold has repeatedly proven its resilience, acting as a foundation for bullish price predictions for Solana.
The recent slump in the market, exacerbated by the immense liquidity drain of $2.56 billion, pushed Solana below key levels. Despite the seeming decline, this drop is not being interpreted as a structural failure. Instead, it may lay the groundwork for a high-conviction reversal. Market dynamics, driven by over-leverage in early January, have caused many to rethink their positions. The combined factors of seller fatigue and a flush of weak hands suggest that the downside momentum could be nearing its end.
Potential for a Bull Run: Aligning Technical Indicators
The technical landscape for Solana is drawing eyes, not just because of its RSI status, but due to broader structural patterns. The $100 demand zone’s influence extends into a year-long descending triangle formation, a setup traditionally associated with potential breakouts. This formation highlights the possibility of significant upward momentum if Solana can capitalize on the existing market setup.
Moreover, the Moving Average Convergence Divergence (MACD) is reinforcing the RSI’s narrative. It demonstrates a similar behavior, peaking and reversing towards a possible golden cross above the signal line—a bullish signal indicating a medium-term uptrend on the horizon. The magic numbers to watch are $210 for the breakout threshold, with interim resistance expected around $145. Should Solana secure a strong footing at these levels, the momentum could indeed drive a robust breakout.
In full realization, this setup could potentially catapult Solana by 500% into new price territories, potentially reaching the $600 mark. However, the long-term prospects shape up to be even more exciting, with the fundamentals setting the stage for an escalation potentially leading Solana to a remarkable $1,000 milestone. This prediction hinges on not just technical but also macroeconomic improvements and broader acceptance.
The Influence of Doge-Themed Coins and Market Sentiments
Market cycles in cryptocurrency are often characterized by thematic trends, and Solana’s potential resurgence might not stand alone. Historically, when bullish momentum returns, there’s a concurrent spike in interest around meme coins, notably those themed around Dogecoin (DOGE). The repetition of such cycles is well-documented: Dogecoin paved the way for Shiba Inu’s explosive 2021 rally, followed by various others like Floki, Bonk, Dogwifhat, and Neiro. Each of these has attracted considerable attention during bullish waves, often riding the coattails of major tokens like Solana.
Currently, Maxi Doge ($MAXI) is making its mark as the next probable contender within this trend. By harnessing the spirit of early Dogecoin, Maxi Doge combines the excitement of community-driven tokens with innovative participation mechanics. Weekly challenges, such as Maxi Ripped and Maxi Pump, foster a competitive and collaborative atmosphere where traders vie for leaderboard status and rewards. This involvement drives ongoing activity and engagement, a critical factor in sustaining momentum.
The significant numbers demonstrate the hype surrounding $MAXI, with its presale having already amassed close to $4.5 million. Furthermore, its early backers are witnessing returns of up to 69% annually via staking rewards. For investors who might have missed previous opportunities with Doge cycles, Maxi Doge offers a fresh chance to enter the fold before possibly achieving mainstream recognition.
Broader Market Dynamics and Strategic Positioning
The cryptocurrency market is notoriously volatile, and Solana’s recent positioning at the $100 mark serves as a poignant reminder of the market’s capricious nature. Yet, within this volatility lies opportunity. The conditions suggest the potential for a strategic positioning ahead of what could be a significant upward movement.
Interestingly, the market’s reaction to current conditions doesn’t just reflect on Solana. It’s part of a broader narrative where meme coins continue to capture the imagination and investments of those looking to capitalize on thematic trends. This relationship reflects broader market psychology: when well-established tokens show signs of a turnaround, it often leads investors to explore new opportunities with high reward potential.
Possible Outcomes and Future Projections
The path ahead for Solana could unfold in several ways. Should the $100 level prove again to be a resilient foundation, and if macroeconomic narratives become more favorable, we could see Solana not only recover but indeed thrive. Investors are advised to monitor closely, as the convergence of historical patterns with current technical indicators suggests an intriguing possibility of substantial gains.
The projected trajectory with a 500% increase into uncharted price territories might lead to Solana peaking at $600 in the mid-term. However, looking further, the potential for a 10x increase to $1,000 cannot be ruled out, driven by a confluence of improved fundamentals and increased market adoption.
FAQ
What does the oversold RSI indicate for Solana?
The RSI entering oversold territory suggests that the asset is undervalued, which could precede a price reversal or increase. It indicates potential for an upward correction as the market may react to the historical significance of the $100 level.
How has the $100 mark historically influenced Solana’s price?
Historically, the $100 level has been a crucial demand zone for Solana, serving as a launching pad for price rallies that often exceed gains of 150%. This area has repeatedly marked significant cycle lows and acted as a recovery point.
What role do meme coins play in the crypto market cycle?
Meme coins often play a vital role during market bull runs, capturing investor interest with themes and communities that drive engagement and potential gains. Their popularity often mirrors the bullish momentum in larger cryptocurrencies.
How might Maxi Doge influence future market dynamics?
Maxi Doge could attract significant attention within the meme coin market, similar to past Doge-themed tokens during bull markets. Its community-driven approach and staking rewards make it a noteworthy participant in potentially driving market sentiment.
What are the long-term price predictions for Solana?
The long-term outlook for Solana forecasts a potential 10x increase to $1,000, assuming supportive macroeconomic conditions and continued market development. Achieving this milestone would depend on sustained interest and adoption within the crypto ecosystem.
You may also like
WEEX AI Trading Hackathon 2026: How Top AI Strategies Dominated Real Markets
WEEX AI Trading Hackathon demonstrates that effective trading — whether powered by AI or human judgment — relies on core principles: understanding market structure, maintaining conviction, prioritizing quality over quantity, and managing risk intelligently.
WEEX Ai Trading Hackathon vs. Other AI Trading Competitions: Which Is Better for You?
The AI trading competition landscape offers distinct paths for growth. The WEEX AI Trading Hackathon differentiates itself through its focus on real-market execution and practical viability, positioning it as a key platform for aspiring quantitative traders and strategists.
Is AI Trading Replacing Humans? WEEX Hackathon Reveals the Future of Fintech
The WEEX AI Trading Hackathon reveals that the future of trading is not about AI replacing humans, but about collaboration. AI enhances trading capabilities, while human judgment, ethics, and strategic oversight remain essential.

Key Market Information Discrepancy on February 9th - A Must-See! | Alpha Morning Report

"2.5 Dip" Real Reason: Wall Street Deleveraging Induced Overreaction

Kyle's review of Hyperliquid sparks controversy, Solitude Bank officially opens, what are the overseas crypto communities talking about today?

Cryptocurrency prices in the dumps, but the prediction market is going wild?
Decoding Strategy’s Latest Financial Report: After a $12.4 Billion Loss, How Long Can the Bitcoin Flywheel Keep Spinning?
When earnings reports become electrocardiograms of Bitcoin’s price, Strategy is not merely a company—it’s an experiment testing whether faith can overcome gravity.

Discover How to Participate in Staking
Staking is a digital asset yield product launched by the WEEX platform. By subscribing to Staking products, users can stake their idle digital assets and earn corresponding Staking rewards.

WEEX AI Trading Hackathon Rules & Guidelines
This article explains the rules, requirements, and prize structure for the WEEX AI Trading Hackathon Finals, where finalists compete using AI-driven trading strategies under real market conditions.

From 0 to $1 Million: Five Steps to Outperform the Market Through Wallet Tracking

Token Cannot Compound, Where Is the Real Investment Opportunity?

February 6th Market Key Intelligence, How Much Did You Miss?

China's Central Bank and Eight Other Departments' Latest Regulatory Focus: Key Attention to RWA Tokenized Asset Risk
Foreword: Today, the People's Bank of China's website published the "Notice of the People's Bank of China, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Public Security, State Administration for Market Regulation, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, State Administration of Foreign Exchange on Further Preventing and Dealing with Risks Related to Virtual Currency and Others (Yinfa [2026] No. 42)", the latest regulatory requirements from the eight departments including the central bank, which are basically consistent with the regulatory requirements of recent years. The main focus of the regulation is on speculative activities such as virtual currency trading, exchanges, ICOs, overseas platform services, and this time, regulatory oversight of RWA has been added, explicitly prohibiting RWA tokenization, stablecoins (especially those pegged to the RMB). The following is the full text:
To the people's governments of all provinces, autonomous regions, and municipalities directly under the Central Government, the Xinjiang Production and Construction Corps:
Recently, there have been speculative activities related to virtual currency and Real-World Assets (RWA) tokenization, disrupting the economic and financial order and jeopardizing the property security of the people. In order to further prevent and address the risks related to virtual currency and Real-World Assets tokenization, effectively safeguard national security and social stability, in accordance with the "Law of the People's Republic of China on the People's Bank of China," "Law of the People's Republic of China on Commercial Banks," "Securities Law of the People's Republic of China," "Law of the People's Republic of China on Securities Investment Funds," "Law of the People's Republic of China on Futures and Derivatives," "Cybersecurity Law of the People's Republic of China," "Regulations of the People's Republic of China on the Administration of Renminbi," "Regulations on Prevention and Disposal of Illegal Fundraising," "Regulations of the People's Republic of China on Foreign Exchange Administration," "Telecommunications Regulations of the People's Republic of China," and other provisions, after reaching consensus with the Cyberspace Administration of China, the Supreme People's Court, and the Supreme People's Procuratorate, and with the approval of the State Council, the relevant matters are notified as follows:
(I) Virtual currency does not possess the legal status equivalent to fiat currency. Virtual currencies such as Bitcoin, Ether, Tether, etc., have the main characteristics of being issued by non-monetary authorities, using encryption technology and distributed ledger or similar technology, existing in digital form, etc. They do not have legal tender status, should not and cannot be circulated and used as currency in the market.
The business activities related to virtual currency are classified as illegal financial activities. The exchange of fiat currency and virtual currency within the territory, exchange of virtual currencies, acting as a central counterparty in buying and selling virtual currencies, providing information intermediary and pricing services for virtual currency transactions, token issuance financing, and trading of virtual currency-related financial products, etc., fall under illegal financial activities, such as suspected illegal issuance of token vouchers, unauthorized public issuance of securities, illegal operation of securities and futures business, illegal fundraising, etc., are strictly prohibited across the board and resolutely banned in accordance with the law. Overseas entities and individuals are not allowed to provide virtual currency-related services to domestic entities in any form.
A stablecoin pegged to a fiat currency indirectly fulfills some functions of the fiat currency in circulation. Without the consent of relevant authorities in accordance with the law and regulations, any domestic or foreign entity or individual is not allowed to issue a RMB-pegged stablecoin overseas.
(II)Tokenization of Real-World Assets refers to the use of encryption technology and distributed ledger or similar technologies to transform ownership rights, income rights, etc., of assets into tokens (tokens) or other interests or bond certificates with token (token) characteristics, and carry out issuance and trading activities.
Engaging in the tokenization of real-world assets domestically, as well as providing related intermediary, information technology services, etc., which are suspected of illegal issuance of token vouchers, unauthorized public offering of securities, illegal operation of securities and futures business, illegal fundraising, and other illegal financial activities, shall be prohibited; except for relevant business activities carried out with the approval of the competent authorities in accordance with the law and regulations and relying on specific financial infrastructures. Overseas entities and individuals are not allowed to illegally provide services related to the tokenization of real-world assets to domestic entities in any form.
(III) Inter-agency Coordination. The People's Bank of China, together with the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and other departments, will improve the work mechanism, strengthen coordination with the Cyberspace Administration of China, the Supreme People's Court, and the Supreme People's Procuratorate, coordinate efforts, and overall guide regions to carry out risk prevention and disposal of virtual currency-related illegal financial activities.
The China Securities Regulatory Commission, together with the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security, the People's Bank of China, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, the State Administration of Foreign Exchange, and other departments, will improve the work mechanism, strengthen coordination with the Cyberspace Administration of China, the Supreme People's Court, and the Supreme People's Procuratorate, coordinate efforts, and overall guide regions to carry out risk prevention and disposal of illegal financial activities related to the tokenization of real-world assets.
(IV) Strengthening Local Implementation. The people's governments at the provincial level are overall responsible for the prevention and disposal of risks related to virtual currencies and the tokenization of real-world assets in their respective administrative regions. The specific leading department is the local financial regulatory department, with participation from branches and dispatched institutions of the State Council's financial regulatory department, telecommunications regulators, public security, market supervision, and other departments, in coordination with cyberspace departments, courts, and procuratorates, to improve the normalization of the work mechanism, effectively connect with the relevant work mechanisms of central departments, form a cooperative and coordinated working pattern between central and local governments, effectively prevent and properly handle risks related to virtual currencies and the tokenization of real-world assets, and maintain economic and financial order and social stability.
(5) Enhanced Risk Monitoring. The People's Bank of China, China Securities Regulatory Commission, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Public Security, State Administration of Foreign Exchange, Cyberspace Administration of China, and other departments continue to improve monitoring techniques and system support, enhance cross-departmental data analysis and sharing, establish sound information sharing and cross-validation mechanisms, promptly grasp the risk situation of activities related to virtual currency and real-world asset tokenization. Local governments at all levels give full play to the role of local monitoring and early warning mechanisms. Local financial regulatory authorities, together with branches and agencies of the State Council's financial regulatory authorities, as well as departments of cyberspace and public security, ensure effective connection between online monitoring, offline investigation, and fund tracking, efficiently and accurately identify activities related to virtual currency and real-world asset tokenization, promptly share risk information, improve early warning information dissemination, verification, and rapid response mechanisms.
(6) Strengthened Oversight of Financial Institutions, Intermediaries, and Technology Service Providers. Financial institutions (including non-bank payment institutions) are prohibited from providing account opening, fund transfer, and clearing services for virtual currency-related business activities, issuing and selling financial products related to virtual currency, including virtual currency and related financial products in the scope of collateral, conducting insurance business related to virtual currency, or including virtual currency in the scope of insurance liability. Financial institutions (including non-bank payment institutions) are prohibited from providing custody, clearing, and settlement services for unauthorized real-world asset tokenization-related business and related financial products. Relevant intermediary institutions and information technology service providers are prohibited from providing intermediary, technical, or other services for unauthorized real-world asset tokenization-related businesses and related financial products.
(7) Enhanced Management of Internet Information Content and Access. Internet enterprises are prohibited from providing online business venues, commercial displays, marketing, advertising, or paid traffic diversion services for virtual currency and real-world asset tokenization-related business activities. Upon discovering clues of illegal activities, they should promptly report to relevant departments and provide technical support and assistance for related investigations and inquiries. Based on the clues transferred by the financial regulatory authorities, the cyberspace administration, telecommunications authorities, and public security departments should promptly close and deal with websites, mobile applications (including mini-programs), and public accounts engaged in virtual currency and real-world asset tokenization-related business activities in accordance with the law.
(8) Strengthened Entity Registration and Advertisement Management. Market supervision departments strengthen entity registration and management, and enterprise and individual business registrations must not contain terms such as "virtual currency," "virtual asset," "cryptocurrency," "crypto asset," "stablecoin," "real-world asset tokenization," or "RWA" in their names or business scopes. Market supervision departments, together with financial regulatory authorities, legally enhance the supervision of advertisements related to virtual currency and real-world asset tokenization, promptly investigating and handling relevant illegal advertisements.
(IX) Continued Rectification of Virtual Currency Mining Activities. The National Development and Reform Commission, together with relevant departments, strictly controls virtual currency mining activities, continuously promotes the rectification of virtual currency mining activities. The people's governments of various provinces take overall responsibility for the rectification of "mining" within their respective administrative regions. In accordance with the requirements of the National Development and Reform Commission and other departments in the "Notice on the Rectification of Virtual Currency Mining Activities" (NDRC Energy-saving Building [2021] No. 1283) and the provisions of the "Guidance Catalog for Industrial Structure Adjustment (2024 Edition)," a comprehensive review, investigation, and closure of existing virtual currency mining projects are conducted, new mining projects are strictly prohibited, and mining machine production enterprises are strictly prohibited from providing mining machine sales and other services within the country.
(X) Severe Crackdown on Related Illegal Financial Activities. Upon discovering clues to illegal financial activities related to virtual currency and the tokenization of real-world assets, local financial regulatory authorities, branches of the State Council's financial regulatory authorities, and other relevant departments promptly investigate, determine, and properly handle the issues in accordance with the law, and seriously hold the relevant entities and individuals legally responsible. Those suspected of crimes are transferred to the judicial authorities for processing according to the law.
(XI) Severe Crackdown on Related Illegal and Criminal Activities. The Ministry of Public Security, the People's Bank of China, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, as well as judicial and procuratorial organs, in accordance with their respective responsibilities, rigorously crack down on illegal and criminal activities related to virtual currency, the tokenization of real-world assets, such as fraud, money laundering, illegal business operations, pyramid schemes, illegal fundraising, and other illegal and criminal activities carried out under the guise of virtual currency, the tokenization of real-world assets, etc.
(XII) Strengthen Industry Self-discipline. Relevant industry associations should enhance membership management and policy advocacy, based on their own responsibilities, advocate and urge member units to resist illegal financial activities related to virtual currency and the tokenization of real-world assets. Member units that violate regulatory policies and industry self-discipline rules are to be disciplined in accordance with relevant self-regulatory management regulations. By leveraging various industry infrastructure, conduct risk monitoring related to virtual currency, the tokenization of real-world assets, and promptly transfer issue clues to relevant departments.
(XIII) Without the approval of relevant departments in accordance with the law and regulations, domestic entities and foreign entities controlled by them may not issue virtual currency overseas.
(XIV) Domestic entities engaging directly or indirectly in overseas external debt-based tokenization of real-world assets, or conducting asset securitization activities abroad based on domestic ownership rights, income rights, etc. (hereinafter referred to as domestic equity), should be strictly regulated in accordance with the principles of "same business, same risk, same rules." The National Development and Reform Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and other relevant departments regulate it according to their respective responsibilities. For other forms of overseas real-world asset tokenization activities based on domestic equity by domestic entities, the China Securities Regulatory Commission, together with relevant departments, supervise according to their division of responsibilities. Without the consent and filing of relevant departments, no unit or individual may engage in the above-mentioned business.
(15) Overseas subsidiaries and branches of domestic financial institutions providing Real World Asset Tokenization-related services overseas shall do so legally and prudently. They shall have professional personnel and systems in place to effectively mitigate business risks, strictly implement customer onboarding, suitability management, anti-money laundering requirements, and incorporate them into the domestic financial institutions' compliance and risk management system. Intermediaries and information technology service providers offering Real World Asset Tokenization services abroad based on domestic equity or conducting Real World Asset Tokenization business in the form of overseas debt for domestic entities directly or indirectly venturing abroad must strictly comply with relevant laws and regulations. They should establish and improve relevant compliance and internal control systems in accordance with relevant normative requirements, strengthen business and risk control, and report the business developments to the relevant regulatory authorities for approval or filing.
(16) Strengthen organizational leadership and overall coordination. All departments and regions should attach great importance to the prevention of risks related to virtual currencies and Real World Asset Tokenization, strengthen organizational leadership, clarify work responsibilities, form a long-term effective working mechanism with centralized coordination, local implementation, and shared responsibilities, maintain high pressure, dynamically monitor risks, effectively prevent and mitigate risks in an orderly and efficient manner, legally protect the property security of the people, and make every effort to maintain economic and financial order and social stability.
(17) Widely carry out publicity and education. All departments, regions, and industry associations should make full use of various media and other communication channels to disseminate information through legal and policy interpretation, analysis of typical cases, and education on investment risks, etc. They should promote the illegality and harm of virtual currencies and Real World Asset Tokenization-related businesses and their manifestations, fully alert to potential risks and hidden dangers, and enhance public awareness and identification capabilities for risk prevention.
(18) Engaging in illegal financial activities related to virtual currencies and Real World Asset Tokenization in violation of this notice, as well as providing services for virtual currencies and Real World Asset Tokenization-related businesses, shall be punished in accordance with relevant regulations. If it constitutes a crime, criminal liability shall be pursued according to the law. For domestic entities and individuals who knowingly or should have known that overseas entities illegally provided virtual currency or Real World Asset Tokenization-related services to domestic entities and still assisted them, relevant responsibilities shall be pursued according to the law. If it constitutes a crime, criminal liability shall be pursued according to the law.
(19) If any unit or individual invests in virtual currencies, Real World Asset Tokens, and related financial products against public order and good customs, the relevant civil legal actions shall be invalid, and any resulting losses shall be borne by them. If there are suspicions of disrupting financial order and jeopardizing financial security, the relevant departments shall deal with them according to the law.
This notice shall enter into force upon the date of its issuance. The People's Bank of China and ten other departments' "Notice on Further Preventing and Dealing with the Risks of Virtual Currency Trading Speculation" (Yinfa [2021] No. 237) is hereby repealed.

Former Partner's Perspective on Multicoin: Kyle's Exit, But the Game He Left Behind Just Getting Started
Why Bitcoin Is Falling Now: The Real Reasons Behind BTC's Crash & WEEX's Smart Profit Playbook
Bitcoin's ongoing crash explained: Discover the 5 hidden triggers behind BTC's plunge & how WEEX's Auto Earn and Trade to Earn strategies help traders profit from crypto market volatility.

Wall Street's Hottest Trades See Exodus

Vitalik Discusses Ethereum Scaling Path, Circle Announces Partnership with Polymarket, What's the Overseas Crypto Community Talking About Today?
WEEX AI Trading Hackathon 2026: How Top AI Strategies Dominated Real Markets
WEEX AI Trading Hackathon demonstrates that effective trading — whether powered by AI or human judgment — relies on core principles: understanding market structure, maintaining conviction, prioritizing quality over quantity, and managing risk intelligently.
WEEX Ai Trading Hackathon vs. Other AI Trading Competitions: Which Is Better for You?
The AI trading competition landscape offers distinct paths for growth. The WEEX AI Trading Hackathon differentiates itself through its focus on real-market execution and practical viability, positioning it as a key platform for aspiring quantitative traders and strategists.
Is AI Trading Replacing Humans? WEEX Hackathon Reveals the Future of Fintech
The WEEX AI Trading Hackathon reveals that the future of trading is not about AI replacing humans, but about collaboration. AI enhances trading capabilities, while human judgment, ethics, and strategic oversight remain essential.