Solana has registered its first SuperTrend buy signal in over nine months, signaling a potential shift in sentiment after a prolonged period of weak price performance. On Coinbase’s daily chart, the SOL token traded near $77.73, staying above recent lows but still contending with significant resistance levels ahead.
SuperTrend buy signal appears after long downtrend
Analyst Ali Charts highlighted that Solana turned bullish following the Average True Range (ATR) trailing stop indicator flipping below price. The ATR is a widely monitored technical measure that tracks market volatility, offering traders insights into trend changes.
This marks the first SuperTrend buy signal for Solana since October 10, according to Ali Charts. SuperTrend, a volatility-based trend-following technical indicator, can signal potential shifts in control between buyers and sellers when paired with tools like ATR.
Ali Charts noted that if buyers manage to sustain momentum, Solana could rally toward $96 or even $121. However, a reversal below the $60 mark would undermine this bullish scenario.
Recent analysis highlighted that Solana’s ATR trailing stop has flipped below price for the first time since October, marking a significant SuperTrend buy signal and opening the way for potential rallies to $96 or even $121 if buying momentum builds, with $60 remaining the key risk level.
While such signals can provide clearer levels for traders to monitor, confirmation through consistent buying pressure remains necessary. A single technical signal does not guarantee a sustained rally without additional supporting momentum.
Mini dictionary: Ali Charts — A well-known crypto market analyst recognized for his technical price analyses, often referenced by traders across the digital asset market.
Key resistance and recovery targets in daily chart
On daily timeframes, Solana has maintained support in the $75 to $78 range. The immediate resistance zone lies between $80 and $85. A clear breakout above this area could signal increased buyer strength and potentially pave the way for challenges of the $90 to $100 region.
Solana still trades beneath the $121.40 Fibonacci retracement level, viewed by many traders as a major recovery milestone. Additional resistance levels must be overcome for the wider recovery to take shape, so any push toward $121 will require sustained bullish momentum.
| Level | Significance |
|---|---|
| $60 | Main support, invalidation for bullish outlook |
| $75-$78 | Current support range |
| $80-$85 | Immediate resistance band |
| $96 | First major bullish target |
| $121 | Key Fibonacci recovery level |
$60 support remains in focus for SOL
Analysts view the $60 area as crucial support for the current bullish thesis. Should SOL retreat below this level, it could reintroduce downside risks, with the lower $58.64 level potentially coming back into play.
Despite the fresh buy signal, daily momentum indicators remain mixed. The MACD histogram continues to print slight negativity while the Relative Strength Index (RSI) stays around 53.43 — only marginally above neutral territory. A rise in RSI above 55 or 60 would bolster confidence in the recovery; until then, traders remain cautious and focused on price confirmation above resistance.
In summary, market participants are watching SOL’s performance at $80, $96, and $121, while remaining alert to the risk that a move below $60 could invalidate the current short-term bullish structure.
