Solana Flashes Macro Bottom Signal as Analysts See Rebound Potential for SOL

Solana is a high-performance blockchain whose SOL token is often influenced by on-chain activity and risk appetite in the crypto market. Cointelegraph cited analyst WebTrend on March 17, 2026, as saying that consecutive weekly candles with long lower wicks showed buyers absorbing selling pressure at lower prices. The same pattern preceded a 1,604% surge in 2023 and a 142% gain in 2025, leading analysts to view it as a macro bottoming signal.

Cointelegraph reported on April 24, 2026, that SOL's weekly MACD had generated a buy signal. The price still needed to break through resistance at $90–$96. Glassnode data showed that about 9.9 million SOL had a cost basis concentrated between $90 and $92, potentially prompting selling by holders seeking to break even. A breakout would put the pattern's target at $130, about 50.5% above the price at the time.