Solana (SOL) joined the broader crypto rebound after cooling US inflation data, climbing back toward $80.<\/p>\n
According to some analysts, this could be the beginning of a more substantial rally that might push the price well beyond the psychological level of $100.<\/p>\n
The renowned analyst Ali Martinez claimed that the Average True Range (ATR) stop has flipped below price, marking the first SuperTrend buy signal on Solana since October 10.<\/p>\n
He believes<\/a> that if buying pressure continues to build, SOL could surge toward $96 and even $121. At the same time, Martinez paid close attention to the $60 level, noting that a drop below that support would invalidate the bullish setup.<\/p>\n Michael van de Poppe also chipped in, suggesting that the asset is at an important crossroads. He thinks<\/a> that if SOL manages to keep its current valuation at around $77, it may trigger a much more substantial upswing. On the other hand, he warned that a drop below $73 could trigger a retest of the lows in the coming weeks.<\/p>\n Bloomberg\u2019s James Seyffart pointed to a key regulatory development that may swing momentum toward the bulls. He revealed<\/a> that Wall Street giant Morgan Stanley has filed updated documents to launch a Solana ETF with the ticker MSOL and a 0.14% fee. An eventual introduction of such a financial vehicle could draw additional investors into Solana\u2019s ecosystem and benefit the price.<\/p>\n It is important to note that Morgan Stanley wouldn\u2019t be the only behemoth offering that kind of a product, as Bitwise, Fidelity, Grayscale, VanEck, Franklin Templeton, Invesco, 21Shares, and Canary Capital have already jumped on the bandwagon. The cumulative net inflow into spot SOL ETFs to date has reached almost $1.15 billion.<\/p>\n The prolonged bear market and unmet ecosystem expectations have recently pushed<\/a> Solana\u2019s fear, uncertainty, and doubt (FUD) to its highest level for 2026.<\/p>\n This means that sentiment among market participants is extremely negative, and most weak-hand investors have already exited. The development could be interpreted as bullish, since the price often reverses when fear peaks, suggesting that the cycle\u2019s bottom might have been formed.<\/p>\n The post Key Solana (SOL) Indicator Finally Flashes a Buy Signal: Can Bulls Push to $120?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Solana (SOL) joined the broader crypto rebound after cooling US inflation data, climbing back toward $80. According to some analysts, this could be the beginning of a more substantial rally that might push the price well beyond the psychological level of $100. SOL Turns Bullish The renowned analyst Ali Martinez claimed that the Average True […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-198750","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/198750"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=198750"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/198750\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=198750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=198750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=198750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Another Positive Factor<\/h2>\n