Solana's bullish signal is back and a breakthrough is imminent, but US$85 remains the key resistanc

TL;DR

Solana's three-day SuperTrend indicator turned bullish for the first time since October last year, implying a potential trend reversal.

About 100 million SOLs flowed out of the exchange, while 1.4 million new addresses were added to the network, indicating that adoption rates are increasing and seller pressure is weakening.

Analysts pointed out that Solana needs to close above US$85 on the three-day chart to break through the main resistance area, targeting US$100 and US$127.

A break below $70 would negate bullish patterns and could expose SOL to a deeper correction to $53.

Body

After months of weakness, Solana may be showing early signs of a trend reversal. But analysts said the cryptocurrency still faces a key technical hurdle before a broader recovery takes shape.

The latest chart analysis shows that market momentum is improving, supported by increased on-chain activity and reduced exchange reserves. However, the large historical supply area between US$76 and US$85 remains an obstacle to continued growth. If buyers fail to break through this resistance level, the rebound may weaken even if fundamentals improve.

Bullish technical indicators begin to gather

According to the latest chart analysis shared by crypto analyst Ali Martinez, Solana's three-day SuperTrend indicator turned bullish for the first time since October last year, signaling that a new market cycle may have begun. Previous bearish signals have accurately captured a correction of about 74% in SOL prices, so this reversal of indicators is of great significance to technical traders. The accompanying Wyckoff acquisition chart also suggests that Solana may be transitioning from a lengthy acquisition phase to a potential pull-up phase as long as buyers maintain control above key support levels.

The Wyckoff structure identifies a completed "spring" pattern and a successful last support point (LPS), patterns that are often associated with the emergence of a new round of buying interest, heralding a larger rally. Although technical forms do not guarantee future performance, market participants will pay widespread attention to these signals when assessing trend reversals.

Exchange outflows show Solana seller pressure is weakening

Technical indicators are being strengthened by improved on-chain data. According to reports, approximately 100 million SOLs have left exchange reserves in the past week, reducing the number of tokens that can be sold immediately. Large exchange outflows are often interpreted as investors moving assets to self-custody or for pledge rather than preparing for sale, which helps ease short-term selling pressure.

Internet activity has also increased. About 1.4 million new addresses have joined the Solana network in the past three weeks, indicating that users continue to grow despite market uncertainty. Recent industry data also shows that activity in the Solana ecosystem is expanding, including increased real-world asset adoption and increased transaction volume.

These trends suggest that underlying network engagement continues to improve even though prices remain below previous highs.

Strong resistance above Solana still hinders upward

Despite the improved outlook, Solana still faces a major technical challenge. Unspent Trade Output Realized Price Distribution (URPD) data shows that approximately 125 million SOL units had changed hands between $76 and $85. Investors buying in this range may choose to sell when the price returns to its entry point, creating a lot of upward resistance.

Analysts believe a convincing close above $85 on the three-day chart will remove most of the pressure from this supply area and could open the way to higher liquidity targets near $100 and $127. Until this breakthrough occurs, price movements are likely to remain volatile as buyers try to absorb selling pressure from trapped holders in previous declines.

Although optimism has returned, the bullish outlook depends on Solana's ability to maintain its current support structure. A decisive break below $70 will negate the current bullish pattern and cause the SuperTrend indicator to turn bearish again. In this case, technical analysts believe the next major support area is around $53, and historical trading activity suggests that this position may see stronger buying interest.

Currently, the cryptocurrency seems to be at an important crossroads. Improving online indicators, outflows from exchanges and bullish chart signals are strengthening the recovery narrative. But before traders can be confident that a broader uptrend is beginning, the market still needs to overcome one of its biggest historical resistance areas.