Santiment Flags Record Bearish Sentiment on Solana, Analyst Eyes $127

Solana (SOL) has seen its negative sentiment reach an all-time high in 2026, according to data from Santiment. Despite being one of the weakest major coins this week, falling nearly 3.5%, a well-known crypto analyst believes that this fear could set up a rally toward $100 and even $127.

The platform Pump.fun has been selling SOL, contributing to the bearish sentiment, with nearly $10 million worth of SOL sold in one day alone. However, Santiment suggests that extremely negative sentiment often precedes a price increase, as weak hands have already sold and selling pressure starts to dry up.

Meanwhile, Solana continues to dominate blockchain activity, leading major crypto sectors such as decentralized exchange (DEX) trading volume, tokenized stocks, real-world assets (RWAs), stablecoins, and on-chain payments. Crypto analyst Ali Martinez has pointed to several technical and on-chain signals that are starting to improve, including the SuperTrend indicator flipping bullish after Solana reclaimed the $78 level.