Solana's SuperTrend Finally Turns Green — Traders Bet the 74% Plunge Was the Warm-Up Act 🟢

Solana's [SOL] market structure shifted after the SuperTrend indicator generated its first three-day buy signal since October 2025, breaking a stretch of downside pressure that had followed a prior sell signal preceding a 74% correction. The development indicated that bearish control had weakened, with buyers reclaiming important price levels and establishing conditions supportive of a possible trend reversal. As a result, market participants began reassessing the asset's medium-term outlook rather than concentrating on short-term fluctuations.

Binance's top trader positioning data reflected continued bullish conviction. Long accounts represented 65.45% of tracked positions, while short accounts accounted for 34.55%, producing a Long/Short Ratio of 1.89. Those figures showed experienced market participants had continued favoring upside exposure and had not significantly reduced long positioning even after SOL recovered sharply from June's lows. However, the concentration of bullish positioning also highlighted growing expectations surrounding the next breakout attempt, with some traders positioned to secure profits in the short term if resistance held.

Derivatives markets reinforced the improving outlook through healthy funding conditions. At press time, the OI-Weighted Funding Rate remained positive at 0.0027%, indicating leveraged traders continued paying to maintain long positions. Funding had remained largely above the neutral line throughout the recent recovery despite temporary fluctuations, reflecting steady demand for bullish exposure without reaching levels typically associated with excessive speculation. If Open Interest expands alongside positive funding in coming sessions, leveraged participation could provide additional support for the ongoing recovery.

Solana approached the $84.00 resistance zone after recovering from June's decline near $60, having reclaimed the $78.07 support level to preserve the recovery structure despite a modest pullback below resistance. At the time of writing, the daily RSI reached 61.20 while its Moving Average climbed to 52.66, with both readings showing buying strength remained comfortably above the neutral threshold. Although recent candles reflected hesitation near $84, sellers had not established fresh bearish control, and buyers continued defending higher lows.