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Solana flashes its first buy signal since 2025 – Is $90 next for SOL?

Solana flashes its first buy signal since 2025 – Is $90 next for SOL?

CryptoNewsNetCryptoNewsNet2026/07/06 02:09
By:CryptoNewsNet
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Solana flashes its first buy signal since 2025 – Is $90 next for SOL?

Solana flashes its first buy signal since 2025 – Is $90 next for SOL? image 0  ambcrypto.com 40 m
Solana flashes its first buy signal since 2025 – Is $90 next for SOL? image 1

Solana’s [$SOL] market structure shifted after the SuperTrend indicator generated its first 3-day buy signal since October 2025, reviving the broader bullish outlook.

The latest signal emerged after months of persistent downside pressure that followed the previous sell signal, which had preceded a 74% correction. That development suggested bearish control had weakened considerably as buyers reclaimed important price levels.

Instead of extending the previous downtrend, Solana established conditions that supported a possible trend reversal. As a result, market participants had started reassessing the asset’s medium-term outlook rather than focusing only on short-term fluctuations.

Smart money refused to abandon long positions

Binance’s top traders maintained a bullish stance despite Solana trading below a major resistance level.

Long accounts represented 65.45% of tracked positions, while short accounts accounted for 34.55%, producing a Long/Short Ratio of 1.89. Those figures showed experienced market participants had continued favoring upside exposure instead of rotating into defensive positions.

Even after $SOL recovered sharply from June’s lows, traders had not significantly reduced their long exposure. However, the concentration of bullish positioning also highlighted growing expectations surrounding the next breakout attempt. If resistance continues to hold, some traders could secure profits in the short term.

Even so, the positioning data suggested institutional and professional participants had remained confident that the broader recovery still had room to develop.

Solana flashes its first buy signal since 2025 – Is $90 next for SOL? image 2 Source: CoinGlass

Positive funding reflected sustained bullish conviction

Derivatives markets continued reinforcing Solana’s improving outlook through healthy funding conditions.

At press time, the OI-Weighted Funding Rate remained positive at 0.0027%, indicating leveraged traders had continued paying to keep long positions open. This reading reflected steady demand for bullish exposure without reaching levels that typically signal excessive speculation.

Throughout the recent recovery, funding had remained largely above the neutral line despite temporary fluctuations. Such behavior suggested buyers had consistently supported the trend rather than chasing prices aggressively.

However, funding also stayed relatively moderate, reducing concerns that leverage had become overheated. If Open Interest expands alongside positive funding over the coming sessions, leveraged participation could provide additional support for Solana’s ongoing recovery.

Solana flashes its first buy signal since 2025 – Is $90 next for SOL? image 3 Source: CoinGlass

Can Solana finally reclaim the $84 barrier?

Solana approached the $84.00 resistance after recovering strongly from June’s decline near $60. Buyers had already reclaimed the $78.07 support level, preserving the recent recovery structure despite a modest pullback below resistance.

At the time of writing, the daily RSI reached 61.20, while its Moving Average climbed to 52.66, showing buying strength had remained comfortably above the neutral threshold.

Although recent candles reflected hesitation near $84, sellers had not established fresh bearish control. Instead, buyers continued defending higher lows, keeping the short-term structure constructive.

A decisive close above $84 would likely expose the next resistance around $90. However, another rejection could encourage a healthy retest of $78.07 before buyers attempt another breakout.

Solana flashes its first buy signal since 2025 – Is $90 next for SOL? image 4 Source: TradingView

Conclusively, Solana’s recovery had gained credibility as the SuperTrend buy signal aligned with bullish trader positioning, positive funding, and strengthening technical conditions.

Although $84 remains the immediate obstacle, buyers had continued defending the broader uptrend. If Solana converts that resistance into support, the probability of a move toward $90 and eventually $100 would increase considerably.

Final Summary

  • Solana regained bullish higher-timeframe structure while traders continued favoring long positions above shorts.
  • Buyers defended key support, but clearing $84 remains essential for further upside potential.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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