Cryptocurrency analyst Ali Martinez reported that the Solana blockchain’s native token, SOL, has triggered its first bullish SuperTrend indicator signal since early January. This technical development comes as the asset stabilizes near a key demand zone after a steep decline, with broader chart patterns suggesting a potential long-term recovery structure is forming.
A new market update from Ali Martinez highlighted an important technical development for Solana. He noted that the SuperTrend indicator had flipped to bullish for the first time since early January. This signal appears as the market shows signs of stabilization after a prolonged decline from the $140–$150 range.
The price recently found support in the $75–$80 demand zone after forming a sequence of lower highs and lows. Buyers have been active in this area, creating what analysts describe as an accumulation pattern. The asset is currently attempting to clear a horizontal resistance level near $91.81.
A broader weekly chart analysis shows the asset has been under heavy bearish pressure for months after peaking above $240 in late 2025. The price remains below major moving averages, which are situated between $118 and $143, indicating the overall trend is still bearish. Momentum indicators like the MACD and RSI also remain in negative territory.
Another perspective is provided by Trader Tardigrade. He states that Solana’s monthly chart is forming a long-term Cup and Handle pattern that began during the 2021 rally. The current price action represents the handle portion of this pattern, which is a typical consolidation phase.
This pattern started with the price moving towards $250-$260 before a long correction formed the cup’s rounded bottom. The recovery between 2023 and 2024 completed the right side of the cup, indicating buyer return. The handle typically precedes a potential breakout if key resistance levels are breached.
