Solana (SOL) Flashes First Bullish Signal in Two Months While Grayscale Eyes Opportunity

TLDR The SuperTrend indicator for Solana turned bullish on March 13, marking the first positive signal since early January. The asset has declined approximately 67% from its September 2025 all-time high, currently trading around $88–89. Broader weekly technical metrics remain negative, with 15 out of 17 indicators showing sell signals. Grayscale’s research division highlighted SOL as an attractive opportunity at current valuation levels. Total cumulative inflows into Solana Spot ETFs have reached $961–$968 million, though weekly momentum has decelerated significantly. Solana (SOL) has generated its first positive technical indicator reading in approximately two months, despite the overall chart structure continuing to show bearish characteristics. This development has captured the interest of both market analysts and institutional observers. [[IMG_6]]Solana (SOL) Price Following a peak above $240 in late 2025, SOL commenced a prolonged downward trajectory. The cryptocurrency breached successive support zones before establishing a base in the $67–$80 zone during early 2026. Throughout the last four weeks, Solana has consolidated within a $76 to $90 range. The token briefly exceeded $90 on two occasions in March, with the most recent push aligning with the SuperTrend buy signal appearing on the daily timeframe. Understanding the SuperTrend Signal The SuperTrend is a momentum-based technical indicator that determines trend direction by analyzing price action and volatility metrics. Crypto analyst Ali Martinez identified the bullish crossover on March 13 through X. 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 This marks the first time the indicator has shown a bullish configuration since the beginning of January. A bearish signal emerged in early February, coinciding with SOL’s descent to $67. While the signal suggests potential near-term upward ...