The crypto market is closely watching Solana. Learn about the technical pattern and network data that lead experts to believe SOL will experience a massive price surge.
Cryptocurrency analyst Ali Martinez detected a price pattern in Solana that is reminiscent of periods of high volatility in the asset's history.
After weeks of sideways movement, the token SOL managed to break through a descending trend line which it had been dragging on since the highs of late 2025. This structural change, according to Martinez, placed the price of SOL in an immediate retest zone, where supply and demand are battling for the $87.
The three-day charts show a compression in the Bollinger Bands, an indicator that measures price dispersion, suggesting that the accumulated energy will lead to a sharp directional move for the cryptocurrency. Currently, SOL is fluctuating in a narrow range between $77 and $94, an area the analyst has defined as a "no trade" zone until a definitive close occurs.
According to Martinez's analysis, shared via XThe resolution of this pattern will determine whether Solana's native token maintains its momentum towards $120 or if the attempted breakout remains a false move in the current cycle.
Create your account and buy SOL todaySolana gains momentum as the market regains confidence
On-chain data confirms that the behavior of large cryptocurrency holders has changed dramatically in the last 72 hours. According to metrics analyzed by CryptoQuant, high-volume buy orders in spot markets are dominating capital flows, which typically precedes phases of sustained expansion.
This recovery is taking place in an environment of remarkable resilience for the ecosystem; despite the uncertainty generated by the recent security incident in the Drift protocolThe network has stabilized. The Solana Foundation's swift response, prioritizing the deployment of critical patches and new security standards during April, appears to have stemmed the outflow of liquidity, allowing the asset to maintain its technical foundation.
At the time of writing this article, Solana is trading on $86,13After three consecutive days of gains, this rise is not accidental; the derivatives market reflects an absolute dominance of long positions. Funding rates climbed to 0,0016%This means that traders are willing to pay a premium to maintain their long positions. This buying pressure, coupled with a Relative Strength Index (RSI) that remains above [value missing], is driving the market forward. 50 pointsThis suggests that market control is gradually returning to the hands of the buyers.
Source: CoinGecko
On the other hand, the overall sentiment in the crypto market has left behind the deep pessimism that marked the beginning of the year. Consulting investor sentiment analysis tools, such as the Crypto Fear and Greed Index which is now located in 46 pointsIt shows a score that, according to experts, leaves room for the market to continue developing without signs of emotional overload. Meanwhile, the Altcoin Season Index reached the 41 points, moving away from Bitcoin's seasonal lows.
Additionally, some experts, such as Tom Lee, president of Bitmine Immersion Technologies, and Michael Saylor, president of Strategy, maintain that crypto winter is overThis is based on the capitulation of sellers and the stabilization of corporate treasuries. In the case of Solana, its upward trend reinforces the idea that a more solid foundation is being formed for the coming months.
Trade with Solana on Bit2MeCryptocurrencies are preparing for a key breakthrough in May
While the market moves between charts, the crypto ecosystem awaits a political event that will redefine the rules of the game in the United States.
Mike Novogratz, CEO of Galaxy Digital, noted that the CLARITY Act is in its final drafting stage and projects that this regulatory framework will be finalized next month. However, Alex Thorn, from the firm's analysis team, also estimates that there is only a moderate, 50%, probability that the law will be passed this year, although the political calendar could slow progress if there are no firm signs before mid-May.
As this outlet has reported, the Senate Banking Committee is expected to discuss the current draft bill. in May and that it will finally reach the presidential office in June, once it receives approval in the Senate plenary session.
The legislation in question seeks to eliminate the legal ambiguity that has hindered cryptocurrency innovation, in order to unleash the influx of massive institutional capital, by establishing clear rules on custody and asset classification.
The convergence of these factors places Solana in a strategic position. If the price of SOL manages to reclaim the 50-day moving average at $87,08, the next technical target is located at $92,11, with a view to testing the psychological zone of the $100 before the end of the quarterConversely, if regulatory pressure is perceived as restrictive or if the $77,12 support level weakens, the asset could seek liquidity around $67,50. In other words, a weekly candle closing above $94 will, for many, confirm that SOL has broken out of its sideways trend and is aiming for new yearly highs.
Given this scenario, the community of holders and investors remains expectant, understanding that the current volatility is not noise, but the consolidation of a market seeking legal clarity to accompany its technical recovery.
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