Solana looks poised for a potential comeback after a key technical indicator flipped to bullish for the first time in two months — a signal that could mark the start of renewed momentum for the embattled token.
What changed
On March 13, market analyst Ali Martinez flagged on X that the SuperTrend indicator for SOL had switched to a buy signal — the first bullish reading since early January. The SuperTrend is a popular trend-following tool that reads price and volatility to highlight prevailing market direction. Martinez’s post notes the indicator had shown a sell signal in early February, around the time SOL slid to roughly $67.
Where price stands
Since October 2025 Solana has been hit hard, shedding more than 62% of its value. More recently, SOL climbed back into a four-week consolidation band between $76 and $90. It has pierced $90 twice in March, with the most recent push coinciding with the SuperTrend’s buy signal. Analysts point to an immediate resistance target near $103 should a breakout follow the bullish flip.
A note of caution
Technical signals aren’t foolproof. The SuperTrend is backward-looking and can generate false positives, so traders should treat the buy signal as a potential early indication rather than a guarantee of sustained upside.
ETF flows and market context
On the flows front, data from SoSoValue show Solana Spot ETF inflows have slowed sharply. Net inflows for the week were $3.10 million — an 83% decline from the previous week’s final tally. At the time of writing SOL trades at $88.95, up 2.8% over 24 hours and 11.15% over 30 days. The divergence between rising spot price and cooling ETF inflows suggests recent gains may be driven more by spot demand and broad market sentiment than fresh institutional capital.
Broader metrics
Since launch, cumulative inflows to the Solana Spot ETF total $961.08 million, with net assets of $824.87 million — reportedly about 1.67% of Solana’s market cap. Solana’s market capitalization sits at $54.74 billion, ranking it the seventh-largest cryptocurrency.
Bottom line
The SuperTrend’s bullish flip gives traders a reason to watch SOL more closely, but tempered ETF flows and the possibility of false signals mean any rally will need supporting volume and follow-through to confirm a true trend reversal.
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