Solana price forecast: SOL recovery eyes 180 USD as dead cat bounce risk looms

At present, Solana is trading at 154 USD, experiencing a bullish run after crossing the 150 USD psychological threshold. Its RSI is at 45, and the MACD indicator signals a potential buy opportunity if daily closes exceed 157 USD.

In the derivatives market, SOL’s open interest has risen by 2.20% in the last 24 hours, reaching 6.55 billion USD. The funding rate is positive, and the SOL Long/Short Ratio indicates strong bullish sentiment, suggesting confidence in SOL’s upward trajectory.

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