Top 3 Reasons Why Solana Price Has Printed a Bullish Divergence Signal

Key Insights

• As per the recent Solana price prediction, the altcoin is printing a daily bullish divergence.
• Stablecoin transfer volume on Solana surged by 3.2X over the past year, a 3.2× increase, while tokenized asset volume hit a new all-time high.
• The Solana blockchain has absolutely dominated on-chain spot markets.

At press time, the Solana price was trading around $85. This extended the range between $75 and $90 that has been in place since the start of February. The market continues to range.

However, bullish divergence signals have been forming, though the altcoin still remains confined in a sideways market. With its expanding utility, the Solana blockchain is attracting more holders and the new AI narrative.

Trading fees are also down, explaining why the blockchain is becoming key even for Hyperliquid’s DEX traders. As bullish signals continue to draw inside the trading range, will Solana’s price action finally break out to the upside?

Solana Price Prediction: Will the Bullish Price Reversal Happen?

The daily chart printed a bullish divergence signal throughout February while the price was consolidating. Solana price action was declining while the RSI was rising from the oversold territory to the neutral level.

Such divergence meant that traders were buying Solana tokens, as they viewed the token as undervalued. The confinement between the $75 and $90 range resembled institutional accumulation.

According to a projection by Curb.sol on X, it targeted the $120 level if the price broke above the range. Still, SOL price could fall below the consolidation, increasing the losses that have been ongoing since mid-September.

Solana price action chart | Source: Curb.sol/X

Bullish signals have been building steadily. Rising volumes in stablecoin transfers show growing demand. Tokenized assets trading on DEXs adds further strength.

Stablecoin Transfer and Tokenized Assets Volumes on Solana Blockchain

Stablecoins, which provide liquidity for trading, were thriving on the Solana blockchain. As per Dune, the stablecoin transfer volume on the chain has grown by more than 3x.

It has increased from $306 billion to $972 billion from last year’s December to February 2026. The volume jumped by 77% between December and January and another 76% between January and February.

Solana stablecoin transfer volume | Source: Dune

Since Circle’s USDC was the main stablecoin, this could turn bullish for CRCL stock. Additionally, the volume of tokenised assets on Solana reached another new high of $353 million in February.

This suggested that capital was flowing into this asset class on the Solana blockchain. With this, equities accounted for $268.8 million and commodities for $85.1 million.

Since its launch in July of last year, the category has consistently reached new heights. However, the monthly figure had dipped slightly in September before it took a U-turn to date.

Tokenized Asset Spot DEX volume | Source: Blockworks

These volumes probably played a hand in the bullish divergence signal, indicating that increased trading activity.

Network activity usually impacts price movements. However, it does not solely push the value of the underlying tokens. Other factors such as market sentiment, trading volume, and external economic conditions also play significant roles.

Solana Crypto Dominates Spot Markets

Meanwhile, the Solana blockchain was dominating on-chain spot markets. In the past 24 hours, Solana crypto handled about $46 million in HYPE token trading volume. This volume was only $10 million less than what was traded on the Hyperliquid DEX.

This spike was a continuation of the previous day’s spike of 160%. There, HYPE was the fifth among the highest volumes traded on Solana. This confirmed Solana’s dominance, likely due to its low fees and the liquidity provided by high stablecoin transfer volume.

Solana-based spot markets | Source: Hypurrscan

Altogether, the bullish divergence signal was fueled by the on-chain activity that is thriving on Solana crypto. Still, the technical outlook was stagnant as holders continued to increase. These factors indicated an accumulation trend, though breakouts to the upside were not guaranteed.

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