Solana Flashes Buy Signal Amid Crypto Market Weakness

The crypto market has been experiencing dwindling trading volumes since July 2024, according to analytics platform Santiment. The average trading activity has reached its weakest level in two years, indicating weak demand and lower market confidence.

Market participants are not rotating capital aggressively, and each sell-off prompts more capital to flee. Heavy macro pressure, Bitcoin [BTC] spot ETF outflows, and bearish price action since October 2025 for the leading crypto have contributed to this trend.

Against this backdrop, Solana [SOL] has turned bullish, according to crypto analyst Ali Martinez. The SuperTrend tool on the 3-day timeframe shows that the ATR trailing stop has flipped bullishly, indicating a buy signal. Key resistance levels to watch out for are $96 and $121.

The Hodler Net Position Change metric on Glassnode has been positive throughout 2026, indicating long-term investors have been actively adding to their holdings. However, the price charts show that Solana is still trading within a bearish trend, with key resistance levels at $83.79 and $90.22.