Solana’s native token, SOL, flashed a bullish SuperTrend signal for the first time in two months, suggesting improving momentum after a prolonged drawdown. The move comes as SOL trades near $89, while net inflows into the Solana spot ETF slowed sharply this week, according to SoSoValue.
SuperTrend Turns Bullish as SOL Tests Range Highs
Market analyst Ali Martinez reported on March 13 that the SuperTrend (ST) indicator flipped to a buy signal on SOL for the first time since early January. The ST, an ATR-based tool used to identify prevailing trend direction and potential entry/exit levels, last flashed a sell signal in early February as SOL fell toward $67.
Since then, SOL has consolidated in a $76–$90 range for roughly four weeks, briefly pushing above $90 twice in March. The latest uptick coincided with the new bullish ST signal. While the indicator can help identify trend shifts, it relies on historical price and volatility data and can produce false signals.
Key Levels and Market Context
Following an extended correction since October 2025, SOL remains down more than 62% from those levels. If upside momentum continues, the next notable resistance area sits near $103, a zone that could cap initial advances.
Solana Spot ETF Inflows Cool
Flows into the Solana spot ETF slowed markedly this week. SoSoValue data show total net inflows of $3.10 million week-to-date, an 83% decline from the prior week’s final tally. Despite softer flows, SOL’s price has climbed 2.8% over the past 24 hours and 11.15% over 30 days at the time of writing, indicating recent gains may be driven more by spot demand and broader market sentiment than by institutional allocations.
After roughly five months of trading, cumulative inflows into the Solana spot ETF stand at $961.08 million. Total net assets are valued at $824.87 million, representing about 1.67% of Solana’s market capitalization.
Market Snapshot
As of publication, SOL trades at $88.95, with a market value of $54.74 billion, ranking it the seventh-largest cryptocurrency by market capitalization.