Solana Buy Signal Puts $79-$85 Wall Between SOL And $100 Target

Solana has flashed a new buy signal after reclaiming the $78 area, but a heavy supply zone between $79 and $85 still stands between the token and a larger move toward $100 to $127.

Analyst Ali Martinez flagged the new Solana buy signal after SOL broke above $78, with the SuperTrend indicator flipping bullish for the first time in the current range. The signal arrived while price traded near the lower edge of a resistance band where about 105 million SOL previously changed hands.

SOL traded near $78, with price still locked below the $82 to $85 area. A clean move through that band would put the next higher supply clusters around $100 and $127 back into focus, while another rejection would keep Solana inside the same range that has capped recent rebound attempts.

The buy signal follows a sharper sentiment reset. Solana recently hit its weakest 2026 trader-positioning snapshot after negative sentiment reached a yearly high and volume dropped to its lowest reading of the year.

Exchange Outflows Add Support

The bullish case has also drawn support from exchange flows. Martinez tracked about 1.5 million SOL leaving exchanges between June 24 and July 3, a period that lined up with Solana’s move back above $78.

Exchange withdrawals can reduce immediate sell-side liquidity when coins move into custody or longer-term storage. They do not prove accumulation by themselves, but the flow gives traders another data point while SOL tests the $79 to $85 zone.

Network activity has also improved from recent lows. Solana added about 1.6 million new addresses over three weeks, giving the chain a stronger participation reading after a quieter stretch in daily wallet activity and trading volume.

The RWA and tokenized-stock narrative remains one of Solana’s stronger market supports. Solana-based tokenized equity trading recently reached record spot volume as xStocks, Backpack-linked products and SpaceX-related instruments drove public-market exposure onchain.

$74 Becomes The Invalidation Zone

The downside line sits near $74. A decisive break below that level would flip the SuperTrend signal back into bearish territory and expose the $70 to $72 area before the larger downside cluster near $53.

The nearer defense remains $77 to $78, where buyers have tried to hold the breakout zone. Losing that area would weaken the buy signal and put the $74 level back in play.