# Key Solana (SOL) Indicator Flashes Buy Signal: Can Price Reach $120? Analysts predict Solana's upward trend may continue. - **Source:** [CryptoPotato](https://brifing.si/source/bd22636b-ec8d-42a8-8cca-1937c50e0f6c) - **Published:** 2026-07-15 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/05d3af18-6a16-4491-ac96-a8e320ecfc75 ## Signs of Recovery in Solana Solana (SOL) joined the broader crypto market rebound following US inflation data. Analysts interpret the price approaching $80 as the start of a potential larger rally, with the psychological $100 level as a key target. ## What Technical Indicators Suggest Renowned analyst Ali Martinez noted the first SuperTrend buy signal since October, with the Average True Range (ATR) indicator dipping below price. This suggests buyers may take control, with targets at $96 and $121. ## Support and Resistance Levels Maintaining $77 could trigger a strong uptrend, but dropping below $73 may renew bearish momentum. The $60 level is seen as critical support. Analysts emphasize these thresholds for directional clarity. ## ETF Impact on Momentum Morgan Stanley's Solana ETF filing (ticker: MSOL, 0.14% fee) boosted market sentiment. Similar products from Bitwise and Fidelity could attract fresh capital to Solana's ecosystem, potentially driving price appreciation. ## Market Sentiment Analysis Solana's FUD levels hitting 2026 highs may signal an impending reversal. Extreme negative sentiment often marks cycle bottoms, suggesting the current pessimism could precede a bullish turnaround. ## Outlook and Considerations While indicators, ETF developments, and sentiment paint an optimistic picture for Solana, crypto's inherent volatility remains. Investors should balance opportunity with disciplined risk management strategies. ## Sources covering this story - https://cryptopotato.com/key-solana-sol-indicator-finally-flashes-a-buy-signal-can-bulls-push-to-120/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._