Solana News Today: RSI Dips Signal Altcoin Accumulation as 4 Tokens Poised for 60%+ Surge

A recent dip in relative strength index (RSI) levels across major altcoins has drawn attention to potential accumulation phases, with technical analysts identifying Solana (SOL), Sui (SUI), Algorand (ALGO), and Bittensor (TAO) as short-term candidates for significant price rebounds [1]. The broader altcoin market, which has experienced a period of consolidation, is showing signs of waning selling pressure, creating conditions for a potential technical rally as capital rotates into select tokens [1].

Solana’s RSI has retreated to levels last observed in early May, coinciding with a subsequent 80% rally. Network metrics indicate steady transaction throughput and developer activity, while institutional interest appears to be resurfacing. Technical analysis highlights a bullish divergence forming on the daily chart, suggesting a possible rebound as accumulation continues [1]. Meanwhile, Sui has entered a deeply oversold territory following its June peak, with price hovering near a critical support level. A breakout above $0.64 could trigger a measured move to $1.10, representing a 60% gain [1].

Algorand’s metrics reveal a confluence of low RSI, rising on-chain activity, and whale wallet accumulation, despite reduced visibility in recent months. Analysts posit that sustained consolidation above $0.12 could catalyze a technical reversal targeting $0.20 or higher [1]. Bittensor, meanwhile, has retreated below the 40 RSI threshold, with price consolidating near key support. A confirmed breakout past resistance could propel the token toward $450, marking a potential 60%+ rally [1].

The broader market context includes a five-year cup-and-handle pattern forming on the Total3 index (excluding Bitcoin and Ethereum), which analysts interpret as a bullish signal [1]. On-chain indicators, such as Stochastic RSI resets, further reinforce the case for a renewed upward trajectory, though execution will depend on volume expansion and confirmation of breakout patterns [1].

Source: [1] Altcoin Cool-Off Nears End as RSI Levels Drop—Watch These 4 Tokens Poised for a 60%+ Surge, [https://cryptonewsland.com/altcoin-cool-off-nears-end-as-rsi-levels-drop-watch-these-4-tokens-poised-for-a-60-surge/]