Solana (SOL) may be on the cusp of a major market rally after the SuperTrend indicator turned bullish for the first time in two months. The prominent altcoin has been a major victim of the market downturn, losing over 62% of its value since October 2025. However, recent gains suggest a building momentum for a possible price recovery. Related Reading: Bitcoin Price From $70,000 To $110,000 In 2 Months? Analyst Reveals How Solana (SOL) Set For Potential Trend Reversal – Analyst In an X post on March 13, market analyst Ali Martinez shared that the SuperTrend indicator was flashing a bullish signal in the Solana market – the first recorded since early January amid prolonged price struggles that stretched to last year. The SuperTrend indicator is a technical analysis tool used to identify the current market trend, i.e., uptrend or downtrend, and potential buy or sell signals. Martinez’s analysis shows that the ST indicator indicated a sell signal in early February, around when Solana crashed to around $67. However, SOL soon rallied to eventually settle within a trading range of $76-$90, a consolidatory movement that has lasted over the last four weeks. In particular, Solana has twice recorded a moderate price action above $90 in March, with the most recent one clashing with the buy signal from the Supertrend indicator. However, it’s worth noting that a bullish signal by the SuperTrend indicator does not guarantee a sustained upward breakout, as the indicator is based on historical price and volatility data and can produce false signals. In the event of a potential breakout, investors can expect an initial price rise to around $103, which represents SOL’s immediate resistance zone, following the extended correction seen in the last few months. Related Reading: $61.9M Ethereum Buy Sparks Speculation – Mystery Whale Turns $1M Profit Overnight Solana ETFs See Significant Drop In Netflows In other news, data from SoSoValue shows that inflows to the Solana Spot ETF have been relatively slow this week. At the time of writing, total net inflow for this week is $3.10 million, representing an 83% decline from the final figures of the previous week. At the same time, Solana trades at $88.95, reflecting a 2.8% growth in 24 hours, and 11.15% in 30 days. Price gain combined with declining inflows indicates that the recent upward movement may be driven more by spot market demand and broader market sentiment rather than strong institutional capital. Within five months of trading, total cumulative inflows into the Solana Spot ETF now stand at $961.08 million, while total net assets are valued at $824.87 million, i.e., 1.67% of Solana’s market cap. At the time of writing, Solana’s total market value is set at $54.74 billion, allowing the asset rank as the seventh largest cryptocurrency in the market. Featured image from Adobe Stock, chart from Tradingview
