Solana Shows Rare SuperTrend Buy Signal: $96 and $121 in Focus
Solana (SOL) flashed its first SuperTrend buy signal since Oct. 10, after the ATR trailing stop flipped below price. On the daily chart (Coinbase), SOL was around $77.73 and is holding the $75–$78 support area.
Traders are now watching upside targets if buying pressure builds: $96 is the first key level, followed by $121 (including a cited Fibonacci area near $121.40). However, $60 remains the critical support/invalidation zone—if SOL breaks below $60, the bullish setup weakens and lower levels (around $58.64) may come back into focus.
Momentum is mixed. MACD histogram on the daily chart is still slightly negative, while RSI is near 53.43 (just above neutral). A move of RSI toward 55–60 would better confirm momentum. Overall, SOL needs sustained strength above nearby resistance (first resistance band $80–$85) before the market can credibly extend the rebound toward $96 and $121.
Bullish
This is a bullish technical development for Solana. A SuperTrend buy signal (triggered when the ATR trailing stop flips below price) often marks an early shift toward short-term buyer control. The article also highlights that SOL is still holding the $75–$78 support band, which increases the odds that the rebound can extend toward $96 and potentially $121.
That said, confirmation is not automatic. Momentum remains mixed: daily MACD is still slightly negative and RSI is only modestly above neutral. Historically, similar “rare buy signal” setups tend to lead to follow-through only after the asset clears nearby resistance bands (here $80–$85). If SOL fails and breaks the $60 support/invalidation level, the signal can quickly unwind and flip traders back to a defensive stance.
Short term: watch for a move above $80–$85 and improving RSI/MACD to increase probability of reaching $96.
Long term: sustained acceptance above successive resistance levels would validate a broader recovery toward $121; otherwise, the market may remain range-bound with $60–$121 acting as a key boundary.