SOL below, the now rare pattern predicts a big rally
Solana SOL (SOL) token has flashed a repeat bottom signal on the weekly chart. The pattern was first seen in 2023 when SOL rallied 1,604%, then again in 2025 when the altcoin gained 142%.
Currently, SOL futures and spot market data indicate a slow pick-up in market activity, with prices approaching a key weekly level that could strengthen the bullish bias.
Crypto analyst WebTrend highlighted that the pattern on the weekly chart is marked by a series of candlesticks with long low wicks. This structure shows that selling pressure is being swallowed up as buyers continuously enter lower levels.
“We are currently confirming a macro bottom setup with the same signal that has successfully called 2 of the most significant bottoms in the last 3 years.”
Crypto-trader Bluntz Solana may have completed an accumulation phase following a strong breakout on the daily chart. The move is aligned with an upside triangle breakout where the higher daily lows meet a flat resistance level. The price now holds above $93.50, a key level that previously served as resistance.
Based on the pattern, the next upside target is placed near $120, a level that served as much support for 2024 and 2025. If it recovers, it could serve as a solid base for further reversals, with $145 emerging as the next potential level if momentum continues.
Related: Altseason is dead, expect shorter cycles and ‘violent' rotations: Crypto exec
Market activity shows early signs of recovery
Although the price structure looks constructive, the initial data recovery is still growing.
SOL's open interest has remained below $2.3 billion since the February 6 low, indicating that traders are not yet ramping up significantly. This indicates a more cautious environment than what could be a longer rally.
On the spot, Cumulative Volume Delta (CVD), which tracks net buying and selling, stabilized last month, indicating that selling pressure has eased.
In futures markets, CVD improved to -$2.8 billion from -$3.5 billion as of February 24, reflecting a $700 million drop in sales. This suggests that while the bearish pressure is fading, strong buying interest has yet to emerge.
Consolidated funding rates have also remained neutral, meaning neither bullish nor carry positions dominate.
Overall, the data suggest a spot-driven recovery. The $120 level remains a key zone to watch, serving as an important starting point for trader positioning and market sentiment.
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