Solana (SOL) may be on the verge of a major market rally after the SuperTrend indicator rose for the first time in two months. The popular altcoin has been the main victim of the market downturn, losing more than 62% of its value since October 2025. However, recent gains indicate the pace of construction for a potential price recovery.
Solana (SOL) is set for a potential trend reversal – Analyst
In an X message on March 13, market analyst Ali Martinez shared that the SuperTrend indicator on the Solana market is flashing an upward signal – for the first time since early January, amid a long price struggle that has been registered until last year.
The SuperTrend indicator is a technical analysis tool that is used to identify the current market trend, i.e. an up or down trend and potential buy and sell signals. Martinez’s analysis shows that the ST indicator showed a sell signal in early February when Solana fell to around $67.
For the first time since the beginning of January, the SuperTrend indicator rose in Solana $SOL. pic.twitter.com/oCv8A6R93r
— Ali Charts (@alicharts) March 13, 2026
However, SOL rallied quickly to finally settle in the $76-$90 trading range, a consolidation move that has been ongoing for the past four weeks. In particular, Solana recorded a moderate price action above $90 twice in March, the last of which collided with a buy signal from the Supertrend indicator.
However, it should be noted that the rising signal of the SuperTrend indicator does not guarantee a stable upward breakout, as this indicator is based on historical data and price volatility and may generate false signals. In the event of a possible breakout, investors can expect an initial price increase to around $103, which represents the immediate resistance area of the SOL after the extensive correction seen in the past few months.
Yearly ETFs see a significant drop in net flows
In other news, data from SoSoValue shows that inflows into the Solana Spot ETF have been relatively subdued this week. At the time of writing, this week’s total net take is $3.10 million, an 83% drop from last week’s final numbers.
Currently, Solana is trading at $88.95, reflecting an increase of 2.8% in 24 hours and 11.15% in 30 days. The price increase combined with the decline in imports suggests that the recent upward movement may be driven more by spot market demand and broader market sentiment than by strong institutional capital.
In five months of trading, total inflows into the Solana Spot ETF now stand at $961.08 million, while total net assets are worth $824.87 million, or 1.67% of Solana’s market cap. At the time of writing, Solana’s total market capitalization is set at $54.74 billion, making the asset the seventh largest cryptocurrency on the market.
