Solana (SOL) could be on the verge of a major market gain after the SuperTrend indicator rose for the first time in two months. The significant altcoin has been a major victim of the market downturn, losing over 62% of its value since October 2025. However, recent gains suggest that momentum is building for a possible price recovery.
Solana (SOL) set on potential trend reversal – analyst
In Post X On March 13, market analyst Ali Martinez reported that the SuperTrend indicator signaled a rally in the Solana market – the first recorded since the beginning of January due to the prolonged price battles that last year.
The SuperTrend indicator is a technical analysis tool used to identify the current market trend, i.e. an up or down trend, as well as potential buy or sell signals. Martinez’s analysis shows that the ST indicator showed a sell signal in early February, around the time Solana dropped to around $67.
For the first time since early January, Solana’s SuperTrend indicator turned bullish $SOL. pic.twitter.com/oCv8A6R93r
— Ali Charts (@alicharts) March 13, 2026
However, SOL soon bounced back and eventually stabilized in the $76-$90 price range, a consolidation move that has continued over the past four weeks. Notably, Solana saw moderate price action above $90 twice in March, the last of which clashed with a buy signal from the Supertrend indicator.
However, it is worth noting that the bullish signal of the SuperTrend indicator does not guarantee a sustained upside break, as the indicator is based on historical price and volatility data and may generate false signals. In the event of a potential breakout, investors can expect the price to initially rise to around $103, which is SOL’s immediate resistance zone, following the sustained correction seen over the past few months.
Solana ETFs are seeing a significant decline in net flows
In other news data from SoSoValue shows that inflows into the Solana Spot ETF have been relatively ponderous this week. As of this writing, this week’s total net inflows are $3.10 million, down 83% from last week’s final numbers.
At the same time, Solana is trading at $88.95, reflecting an raise of 2.8% in 24 hours and 11.15% in 30 days. The raise in prices coupled with the decline in inflows indicates that the recent upward move may be driven more by spot market demand and broader market sentiment than by forceful institutional capital.
Five months after the transaction, total cumulative inflows into the Solana Spot ETF now stand at $961.08 million, while total net assets are valued at $824.87 million, representing 1.67% of Solana’s market capitalization. As of this writing, Solana’s total market value is $54.74 billion, making it the seventh-largest cryptocurrency on the market.
