Solana Poised for Bullish Reversal as Technical Buy Signals Converge
Solana (SOL) has been trading within a parallel channel, and analysts believe it's poised for a bullish reversal after a prolonged downtrend took it 38.45% lower in 2026.
The cryptocurrency appears to be targeting $100 for the first time since February, according to prominent on-chain analyst Ali Martinez.
A technical buy signal from TD Sequential, a tool designed to identify trend reversals, flashed a buy signal on Sunday, August 9. This was further strengthened by a moving average convergence divergence (MACD) golden cross for SOL, indicating a shift in trading momentum and a possible turn to a renewed bull market.
The Alpenglow upgrade is also likely to provide additional bullish momentum in the short and mid-term, with its implementation scheduled for between August and October, 2026. This could bring the long-awaited CLARITY Act vote, which could reinforce the rising sentiment once it ends in September.