The SOL price signal is once again capturing the attention of traders, hinting at a possible bullish trend for the Solana token. This signal, previously tied to significant rallies, has emerged on the weekly chart, suggesting a potential upward movement.
SOL Price Signal: Historical Context
Historically, the SOL price signal has been a precursor to major rallies. In 2023, this pattern was linked to a 1,604% surge, and in 2025, it coincided with a 142% increase, emphasizing its reliability. Currently, both futures and spot market data are showing a gradual rise in activity, with prices nearing a critical weekly level that may reinforce bullish sentiment.
Expert Analysis on SOL Price Movement
According to crypto analyst WebTrend, the weekly chart reveals consecutive candles with long lower wicks, indicating that selling pressure is being absorbed by buyers stepping in at lower levels. “We are confirming a macro bottom setup with the same signal that successfully identified the two most significant bottoms in the past three years,” WebTrend explained.
Potential Targets and Market Insights
Crypto trader Bluntz has noted that Solana might have concluded an accumulation phase after a robust breakout on the daily chart. This aligns with an ascending triangle breakout, where higher daily lows meet a flat resistance level. Prices are currently maintaining above $93.50, a crucial level previously seen as resistance. The next target lies near $120, a level that served as support in 2024 and 2025. If momentum continues, $145 could emerge as the subsequent target.
Derivative data suggests the recovery is still in a formative stage. SOL’s open interest has stayed below $2.3 billion since the February 6 price bottom, indicating caution among traders. However, the cumulative volume delta (CVD) has stabilized, showing reduced selling pressure. In the futures market, a decrease in bearish pressure is evident, but a strong buy demand has not yet appeared. The neutral aggregated funding rate further underscores balanced trader sentiments.
Overall, the data points to a spot-driven recovery, with the $120 level being critical for trader positioning and market sentiment.
