Solana Could Rally To $127 — This Resistance Zone Is The Only Thing Standing In The Way

Solana (SOL) is flashing technical and on-chain signals that analyst Ali Martinez says point toward a potential 65% rally from current price levels of around $78— but a significant supply barrier stands between where SOL trades today and the $127 target he has mapped out. 

SOL Flipped Bullish 

The technical trigger Martinez identified on SOL’s 3-day chart is the SuperTrend indicator — a tool that tracks price momentum and signals whether the broader trend is bullish or bearish. 

SOL triggered a bullish flip on June 30 when it broke above $78, putting the trend back on the buy side for the first time in weeks. The analyst said that on-chain data reinforced the same story from a different angle.

SOLANA: BUY SIGNAL

A new buy signal has emerged for Solana. But one massive resistance zone stands between the current price and a potential rally to $100–$127.

Here’s the level that could decide the next major move for $SOL.

1/7 🧵👇

— Ali Charts (@alicharts) July 10, 2026

Between June 24 and July 3, approximately 1.5 million SOL left exchanges. When coins move off these platforms in volume, it typically signals that holders are transferring them into private wallets rather than keeping them available to sell.

Over the same three-week period, 1.6 million new addresses joined the Solana network, another sign that investors are entering rather than exiting. “With the SuperTrend flipping bullish and 1.5M SOL leaving exchanges, the bullish signals are lining up,” Martinez wrote.

The obstacle, according to Martinez, is visible in the URPD data — a metric that maps where the largest concentrations of SOL holdings were last transacted — which shows a dense supply zone sitting between $79 and $85.

Here Is Where Solana Goes From Here 

Roughly 105 million SOL changed hands in that price range, meaning a large number of holders who bought there are now sitting at or near breakeven. When price returns to those levels, many of them tend to sell to exit their positions — creating resistance that can cap rallies. 

As such, the analyst claimed that a clean break above $85 would clear that cluster and open the path to the next major supply concentrations at $100 and then $127.

On the downside, Martinez warned that if Solana loses the $74 level, the SuperTred indicator would flip bearish again, invalidating the current bullish signal entirely. 

From there, URPD data points to the next meaningful support at $53 — a level that would represent a significant correction from current prices and would likely require a broader market catalyst to recover from quickly.

SOL reached its all-time high of $293 in January 2025, during the surge that followed Donald Trump’s election victory. At $78, Solana is still 73% below that peak, CoinGecko data shows. 

Featured image generated with OpenArt.