Overview
- Analyst Ali Martinez flagged the March 13 flip in the SuperTrend indicator, marking the first bullish reading in roughly two months.
- SOL trades near $88 within a consolidation band defined by $78.50 support and $93.26 resistance after multiple failed pushes above $90.
- On-chain and derivatives metrics show growing buy pressure, including Spot Taker CVD buy dominance, about $1.97 million in recent net exchange outflows, and roughly 69% long positioning among Binance top traders.
- Solana spot ETF net inflows slowed to $3.10 million for the week, with cumulative inflows around $961 million and total net assets near $825 million.
- Analysts warn the indicator can give false signals, suggesting a sustained move above $93 would be needed to target the next resistance near $103.