A new market update from Ali Martinez highlights an important technical development for Solana (SOL). He noted that the SuperTrend indicator had flipped to bullish for the first time since early January. 

The signal appears as the market begins showing signs of stabilization after several months of decline. Recent price action on the daily chart shows that Solana experienced a prolonged bearish phase where the asset dropped steadily from the $140–$150 region.

Source: X

During this period, the market formed a sequence of lower highs and lower lows, confirming strong selling pressure.

Sellers dominated the structure and gradually pushed the price downward until it reached the $75–$80 area, a zone that historically acted as strong demand.

As the price approached this level, it slowed its decline and moved sideways. The chart indicated that prices were oscillating between $79 and $85 multiple times, reflecting a buying process. This phenomenon is also known as an accumulation pattern.

On the other hand, Solana attempted to clear a horizontal resistance level around $91.81 after touching a long downtrend line. A buy signal was also generated in this case.

Also Read: Solana Price Builds Momentum Near $90 With $100 in Sight

Solana Weekly Chart Shows Recovery Attempt After Deep Correction

According toTradingview analysis, a broader look at the weekly SOL/USD chart reveals that the asset has been under heavy bearish pressure for months.

After reaching a peak above $240 in late 2025, the market entered a long corrective phase marked by continuous lower highs and lower lows.

During the fall, the price went below the big moving averages, i.e., the 20, 50, 100, and 200 EMAs. These values currently lie between $118 and $143. This indicates that the overall market trend is bearish.

Source: Tradingview

There was a bounce, and the price rose to the level of 87. This happened after the price reached the vicinity of the value of 70. This occurred near the lower Bollinger Band, and it indicates a period of high volatility.

The asset is bouncing around the support area as buyers are trying to hold it up. However, it’s still well below the middle Bollinger Band and nowhere near the high band around $170.

Momentum indicators are still slightly bearish. The MACD is still below its signal line with negative readings in the histogram. The Relative Strength Index is also in the low 30s, indicating that it’s been heading towards oversold levels.

Cup and Handle Pattern Suggests Long-Term Bullish Setup

Another perspective is provided by Trader Tardigrade. He states that Solana’s price chart on a monthly scale indicates that it’s forming a Cup and Handle pattern.

The pattern began during the 2021 rally, where the SOL price moved towards the range of $250-$260. The market then went through a long period of correction in 2022, gradually forming the rounded bottom of the cup.

Source: X

Between 2023 and 2024, Solana gradually recovered and moved back towards the previous resistance zone. This completed the right side of the cup pattern, indicating that buyers are returning to the market.

The current price action represents the handle part of the pattern. The handle typically resembles a short-term consolidation after an upward move, where the market takes a breather. 

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Solana Surges: SOL Eyes $92 Breakout Amid Strong Bullish Momentum