Solana Shows First Signs of Bullish Trend Since January – Is a Market Rally on the Horizon?

Summary: Solana (SOL) could be preparing for a significant market rally as the SuperTrend indicator recently turned bullish for the first time in two months. Despite suffering a decrease of over 62% since October 2025, recent upward momentum hints at a potential price recovery.

Key Takeaways

The SuperTrend indicator for Solana (SOL) has turned bullish for the first time since January.
Solana has experienced significant price volatility, recently ranging between $76-$90.
Despite the recent price gains, inflows to the Solana Spot ETF have significantly declined.
Solana currently has a market value of $54.74 billion, making it the seventh largest cryptocurrency.

Solana

SuperTrend Indicator Signals Potential Trend Reversal for Solana

Analyst Ali Martinez shared an update on March 13, indicating that the SuperTrend indicator has flashed a bullish signal for Solana. This is the first such indication since early January, a period characterized by significant price struggles for the coin.

The SuperTrend indicator serves as a technical analysis tool that identifies ongoing market trends, whether bullish (upward) or bearish (downward), along with potential buy or sell opportunities. Martinez noted that the SuperTrend gave a sell signal in early February, coinciding with a drop in Solana's price to approximately $67.

For the first time since early January, the SuperTrend indicator has turned bullish on Solana $SOL. pic.twitter.com/oCv8A6R93r — Ali Charts (@alicharts) March 13, 2026

In the subsequent weeks, SOL rebounded, trading within a range of $76-$90. Notably, Solana briefly surpassed the $90 mark twice in March, coinciding with the recent bullish signal from the SuperTrend indicator.

It's crucial to remember that a bullish signal from the SuperTrend does not guarantee a continued price increase. The indicator relies on historical price data and volatility, which means it can sometimes provide false signals. Should the bullish trend continue, investors might see an initial price target around $103, marking a key resistance level following recent corrections.

Decline in Solana ETF Inflows

In related updates, data from SoSoValue reveals that inflows to the Solana Spot ETF have drastically slowed this week. As of now, the total net inflow for the week stands at $3.10 million, a stark 83% drop compared to the previous week's figures.

Currently, Solana is trading at $88.95, reflecting a 2.8% increase over the past 24 hours and an impressive 11.15% over the last 30 days. This price gain, combined with declining inflows, suggests that the recent price increase may be more influenced by spot market demand and overall market sentiment rather than strong institutional investment.

Over the last five months, total cumulative inflows into the Solana Spot ETF have reached approximately $961.08 million, with net assets standing at $824.87 million, equivalent to 1.67% of Solana’s market capitalization. As of now, Solana's total market value is approximately $54.74 billion, making it the seventh largest cryptocurrency in the market.

Solana SOL trading at $88.64 on the daily chart | Source: SOLUSDT chart on Tradingview.com