Solana has struggled to maintain its recent recovery, falling more than 6% over the past week and trading around $77. Despite the price weakness, several analysts believe the current wave of pessimism could create the conditions for a strong rebound.
According to Santiment, Solana is experiencing its highest level of negative sentiment in 2026, while trading activity has dropped to its lowest level of the year.
Extreme Bearish Sentiment Could Signal a Reversal
Much of the disappointment stems from expectations that growing interest in tokenized stocks and real world asset (RWA) projects would translate into stronger price gains for Solana. So far, those expectations have not been met.
Santiment noted that periods marked by widespread fear, uncertainty, and doubt combined with subdued trading volume have often preceded market recoveries. With retail traders becoming increasingly pessimistic and participation fading, the market may be more vulnerable to a sharp upside move if large investors begin accumulating again.
The analytics platform suggested that reduced selling pressure from retail participants could allow a relatively small shift in demand to trigger an unexpected rally.
Technical Indicators Turn More Optimistic
On-chain activity has remained encouraging despite the weak price action. The Solana network added approximately 1.6 million new addresses over the past two weeks, signaling continued user growth.
Meanwhile, analyst Ali Martinez highlighted that the SuperTrend indicator on Solana’s three day chart has generated its first buy signal since October 10, 2025, after the Average True Range trailing stop moved below the price.
Martinez noted that the previous SuperTrend sell signal preceded a 74% correction, while the latest signal suggests bullish momentum may be returning, with a potential move toward $100.
Crypto analyst Michaël van de Poppe also observed that Solana has reentered its previous trading range. He believes the asset could experience a brief pullback before continuing higher, adding that maintaining support between $75 and $77 could pave the way for gains toward $100 and possibly $120 in the weeks or months ahead.
$78 Remains the Critical Breakout Level
Another analyst, Dami Defi, pointed to a possible breakout as Solana tests the upper boundary of a descending channel that has contained price action since September 2025.
According to the analyst, a three day close above $78 would confirm the breakout and could initially propel SOL toward $105. If bullish momentum strengthens, the rally could extend to $125 and eventually $155.
However, the bullish outlook would be invalidated if Solana closes below $72 on the three day timeframe. The analyst also emphasized that stronger trading volume would be needed to confirm any sustained breakout.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
