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Solana is entering a critical phase as price action tightens within a defined range, signaling that a major move could be on the horizon. With the broader correction nearing completion and key levels coming into focus, market structure suggests that a breakout may be brewing as momentum begins to shift. $49 Emerges As Critical Support—Can Bulls Defend The Structure? According to crypto analyst Ali Charts, the broader market noise often obscures the underlying technical reality of Solana. By zooming out to a higher timeframe, the governing structure of the asset becomes remarkably clear. Currently, Solana is trading within a well-defined ascending channel, a formation that has been dictating its long-term trajectory and providing a roadmap for its price action. Related Reading: Solana Breakdown Risk Builds As $94 Supply Zone Crushes Momentum At the top of the current range, $108 has emerged as the immediate macro resistance level. This price point represents a significant hurdle for the bulls, as evidenced by recent market behavior. Ali Charts notes that Solana has struggled to break and maintain any meaningful momentum above this threshold, making it the primary barrier to further upside. While macro resistance looms overhead, the analyst identifies $49 as the current main support level for SOL. Interestingly, this $49 mark aligns perfectly with the mid-range of the established ascending channel. This positioning suggests that as long as the price remains above this level, the asset is maintaining a healthy position within its long-term bullish structure. The interplay between the $49 support and the $108 resistance defines the current battlefield for Solana. By focusing on these specific structural levels rather than short-term fluctuations, traders can better understand the asset’s health.  Bearish Doubts Fade As Solana Nears End Of ABC Correction In a recent update, crypto analyst XForceGlobal revealed that despite earlier pushback from Solana holders against a bearish outlook, price action is now beginning to validate that perspective. The asset is nearing the completion of its macro ABC corrective structure, suggesting that the prolonged pullback phase may be coming to an end. Related Reading: Solana’s Deep Correction Could Be The Catalyst For Its Biggest Rally Yet Such a development is increasingly viewed as a positive signal, particularly as it aligns with the broader crypto market structure, where multiple assets are showing signs of a bullish continuation. The synchronization across higher timeframes adds weight to the idea that Solana could soon transition out of its corrective phase and into a more constructive trend. Based on the current structure, Solana’s correction is either already complete or in its final stretch, with the possibility of one last low before a reversal takes shape. If that final leg plays out, it could act as a liquidity sweep before momentum shifts, setting the stage for a stronger and more sustained upside move. Featured image from Pngtree, chart from Tradingview.com

Solana started a fresh increase above the $85 zone. SOL price is now consolidating near $87 and might aim for more gains above the $90 zone. SOL price started a fresh upward move above the $82 and $85 levels against the US Dollar. The price is now trading above $85 and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $83.60 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $88 resistance zone. Solana Price Starts Fresh Recovery Wave Solana price started a decent increase after it settled above the $82 zone, like Bitcoin and Ethereum. SOL climbed above the $85 level to enter a short-term positive zone. Earlier, there was a break above a bearish trend line with resistance at $83.60 on the hourly chart of the SOL/USD pair. The price even smashed the $86 resistance. A high was formed at $86.85, and the price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $81.32 swing low to the $86.85 high. Solana is now trading above $85 and the 100-hourly simple moving average. On the upside, the price is facing resistance near $86.80. The next major resistance is near the $88 level. The main resistance could be $92. A successful close above the $92 resistance zone could set the pace for another steady increase. The next key resistance is $100. Any more gains might send the price toward the $102 level. Downside Correction In SOL? If SOL fails to rise above the $88 resistance, it could start another decline. Initial support on the downside is near the $85.50 zone. The first major support is near the $84.00 level and the 50% Fib retracement level of the recent upward move from the $81.32 swing low to the $86.85 high. A break below the $84.00 level might send the price toward the $82 support zone. If there is a close below the $82 support, the price could decline toward the $76.50 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $85.50 and $84.00 Major Resistance Levels – $88.00 and $90.00.

Securitize is set to issue a Currenc Group equity as a digital token on a public blockchain, with the shares expected to launch on both Ethereum and Solana. Related Reading: South Korea Imposes 5-Minute Audit Rule On Crypto Platforms The move puts Solana back in the spotlight for a use case tied to real-world assets, not just price moves. The setup is meant to combine Ethereum’s security profile with Solana’s faster and cheaper transaction speed. Price Holds In A Narrow Band Solana (SOL) was trading at $82.45 at the time of writing, according to CoinGecko data. The token was unchanged over the last 24 hours, but it was still up 4.50% over the past week. Trading volume came in at $3.55 billion, down 42% in a day, while market value held at $47.30 billion. $SOL Is Back At The Same Buy Zone That Pumped It 2,194% Last Time Will Solana Hit $1000 In Alt Season? pic.twitter.com/5Nj83gVZ7W — Crypto Patel (@CryptoPatel) April 9, 2026 That muted price action sits beside a much louder forecast. Crypto analyst Crypto Patel pointed to a buy zone that Solana has returned to, saying the same area came before a 2,194% rally in the past. Based on that setup, fresh talk has emerged about whether SOL could climb to $1,000 in the next cycle. A Familiar Chart Setup The long-range question has been linked to the idea of an incoming altseason. Some traders are watching for a broader recovery in smaller coins, with Solana drawing attention due to its history of sharp rallies. The $1,000 target, however, rests on a range of assumptions, including stronger adoption and increased liquidity flowing into the market. We’ve partnered with Currenc Group (Nasdaq: CURR) to tokenize their shares on Ethereum and Solana. pic.twitter.com/LnajAodSSJ — Securitize (@Securitize) April 8, 2026 For now, the more concrete story is the network’s growing role in tokenization. The Securitize-Currenc plan places Solana inside a market that is trying to move stocks and other assets onto blockchains. The report said tokenized shares are being released on both Ethereum and Solana at the same time, which signals a push to spread that activity across more than one chain. Tokenization Becomes The Real Test That two-chain design was presented as a response to the need for platforms that can handle tokenized real-world assets at scale. Related Reading: XRP Faces No Immediate Quantum Threat As Only 0.03% Supply Seen At Risk: Analyst Tokenized stocks are being treated as a growing part of blockchain finance, with the new issuance seen as another sign that Solana is being used for more than trading activity. The price debate remains open, but the network’s latest milestone offers a more practical point of focus. Featured image from Vecteezy, chart from TradingView

Amid the recent market recovery, Solana (SOL) has jumped roughly 10% from last week’s lows, reclaiming the $82 level and retesting a major resistance. However, some market observers have warned that the rally could be short-lived if the cryptocurrency doesn’t turn a key level into support in the coming days. Related Reading: Ethereum Reclaims $2,200, But Analyst Says It’s Not Time To Celebrate Yet – Here’s Why Solana Price In ‘Consolidation Trap’ On Thursday, Solana surged 2.5% to try to reclaim the $84 area after losing this area on Wednesday night. The altcoin has been trading between the $76-$92 levels since February, moving within the lower half of this range over the past two weeks. Ali Martinez highlighted a structural pattern that has been “remarkably consistent” since October 2025. Notably, the analyst explained that Solana has been repeating a three-step cycle every time it has lost momentum over the past six months. According to Martinez, the pattern begins with the reclaim of the 50-day Simple Moving Average (SMA). This is followed by the rapid failure to hold the 50-day SMA as support. Lastly, SOL enters the “consolidation trap”, a brief, sideways “complacency” period before the actual leg down starts. As the chart shows, the cryptocurrency recorded this pattern in November 2025 and January 2026, when it dropped below the 50-day SMA and consolidated for weeks before the next major sell-off, ultimately resolving lower and reaching a new local bottom. Solana moved above the 50-day SMA in mid-March, when it hit its local top of $97, and has since dropped below it. Now, the altcoin is in its consolidation phase, “drifting sideways” between $79-$81, and sitting below the key SMA near the $86 mark. “If this pattern holds, this sideways movement is not ‘stabilization’—it is the coiling of a new leg down. Based on previous instances, a failure to reclaim the $86 level quickly could project a move toward the $52,” Martinez asserted. SOL Breakdown Imminent? Market observer Leviathan noted that Solana has retested the lower area of its local range seven times since February, and every bounce has gotten weaker after each retest. At the time of writing, the price has been rejected from the 50-day Exponential Moving Average (EMA), suggesting that a retest and breakdown from the key $76-$80 support area could be next. “Historically, the more a support level gets tested, the weaker it becomes. Watch this level closely,” he asserted. Analyst Crypto Lens shared a similar outlook, pointing to a potential bearish formation on SOL’s chart. Per the post, the cryptocurrency has been trading in a bearish flag pattern since early February, and broke down from the formation when it dropped below the $81 area in late March. Related Reading: XRP Leads Crypto Funds $224M Rebound With Largest Weekly Inflows Since December This structure also developed in late 2025, leading to a 54% correction after Solana broke down from the pattern. After the recent bounce, the altcoin is retesting the pattern’s lower boundary from support, which could turn this level into resistance if momentum doesn’t hold. “This isn’t random price action, it’s a pattern,” the analyst warned, “If this continues, SOL could be heading toward the $45 zone.” Featured Image from Unsplash.com, Chart from TradingView.com

Solana failed to stay above $85 and corrected some gains. SOL price is now consolidating and might aim for another increase above $85. SOL price started a downside correction below $84 against the US Dollar. The price is now trading above $82 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $82.50 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $80 zone. Solana Price Remains Supported Solana price failed to stay above $85 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $84 and $83.50 to enter a short-term bearish zone. There was a move below the 50% Fib retracement level of the upward wave from the $81.42 swing low to the $85.89 high. The price even tested the $83 support. Besides, there is a bullish trend line forming with support at $82.50 on the hourly chart of the SOL/USD pair. Solana is now trading above $83 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $84 level. The next major resistance is near the $85 level. The main resistance could be $88. A successful close above the $88 resistance zone could set the pace for another steady increase. The next key resistance is $95. Any more gains might send the price toward the $100 level. Downside Break In SOL? If SOL fails to rise above the $85 resistance, it could start another decline. Initial support on the downside is near the $82.5 zone, the trend line, and the 76.4% Fib retracement level of the upward wave from the $81.42 swing low to the $85.89 high. The first major support is near the $81.40 level. A break below the $81.40 level might send the price toward the $80 support zone. If there is a close below the $80 support, the price could decline toward the $76.50 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $82.50 and $80.00. Major Resistance Levels – $85.00 and $88.00.

Crypto markets are showing early signs that the worst may be over, following a prolonged decline that began with the industry’s sharp sell-off back in October of last year.   In a new report shared on social media, technical analyst Ali Martinez says the market is now starting to form what he calls a structural floor. Next Cycle Setup For Crypto Leaders Martinez’s view is rooted in the idea that seven months of heavy volatility may also be creating a rare opportunity. For those focused on the longer-term picture, he argues, the current turbulence can act as a reset period before the next multi-year cycle.  Rather than treating the current sell-off as purely negative, Martinez suggests it may be setting up the conditions for a new upward phase once the market stops bleeding. Related Reading: Adam Back Denies Being Bitcoin Creator In Response To NYT: ‘I Am Not Satoshi’ When looking at the “big picture” for broader crypto market structure, Martinez points to a metric he says helps define the floor: the CVDD Channel, which stands for Cumulative Value Days Destroyed.  According to his analysis, Bitcoin’s “Golden Zone” is currently near $49,330. He claims that historically, entries into this area have tended to show up before bull market runs, and he outlines upside targets for what could follow—potentially reaching $178,478, and in an even more extended scenario, $273,158. The analyst then turns to Ethereum (ETH). Martinez says he is watching whether ETH is moving within a parallel channel pattern, and if that interpretation holds, he believes the zone between current levels and $1,070 could offer a high-conviction entry point.  From there, he highlights an ecosystem-wide rally scenario with a macro target around $8,670 as the next major objective, framing it as a move that would emerge as the broader crypto ecosystem matures. Outlook For XRP, SOL, And DOGE For XRP, Martinez focuses on a specific support level as the key to determining whether the crypto market can stabilize. He says that if XRP can hold support near $0.80, it could create a strong “buy the dip” setup, potentially giving traders a chance before a later retest of XRP’s all-time high near $3.30 and beyond.  Solana (SOL) is next, and Martinez suggests SOL may need a broader “generational” reset to complete the bottoming process. He argues that the possible low area ranges from $74 to $50, describing that band as a total reset of speculative “froth.”  Martinez characterizes that kind of clearance as a major launchpad for the next upward move, implying that the more aggressive the washout, the more room there may be for the following leg higher. Related Reading: JPMorgan CEO Says Bank Must Build Its Own Blockchain To Counter Crypto Threats Finally, Martinez discusses Dogecoin (DOGE) using what he calls fractal signals. He says the memecoin’s chart structure indicates a coiling phase that often appears before the next parabolic move.  In that context, Martinez points to a zone he believes is where larger, more informed buyers could begin accumulating. His range for that buildup is between $0.090 and $0.060, which he describes as the area where accumulation could start to intensify ahead of a potential upside surge. Featured image from OpenArt, chart from TradingView.com 

Solana (SOL) is flashing warning signs after a sharp rejection at the $92–$94 supply zone halted its recent upside attempt. Momentum has quickly faded, with price now slipping back toward key support levels as sellers tighten their grip. With SOL caught between a weakening structure and critical support below, the risk of a deeper breakdown is growing, making the next move a decisive one for short-term direction. Solana Stuck In A Tight Range As Pressure Builds Ali Martinez highlights that Solana remains stuck within a well-defined consolidation channel, with price action compressing after months of sustained pressure. SOL’s price has now drifted toward the lower boundary of this range, and the next 48 hours could be pivotal in shaping the broader trend for the rest of April. Related Reading: Solana Flashing Mixed Signals: $105 Breakout Or Double-Pair Collapse Ahead? The current channel structure is clearly defined, with resistance sitting at $96.04 and support established at $76.66, while price hovers around $79.11. Trading near support often signals a moment of truth, where either buyers step in to defend the level, or sellers take control and force a breakdown. If the $76.66 support level holds firm, a classic double bottom or channel bounce scenario could emerge. Such a move would likely spark a relief rally, with upside targets at $81.00 and then $85.00, where the 50-day SMA presents a key resistance zone that could slow momentum. On the flip side, a decisive daily close below $76.66 would invalidate the channel structure and confirm bearish pressure. In that case, downside targets come into focus, with a potential drop toward the year-to-date low at $68.54 and possibly even the psychological $50 level. SOL Holds Steady Within Accumulation Range In a recent Solana daily update shared on X, analyst R4 XBT highlighted that the asset remains firmly within an accumulation phase. Despite broader market fluctuations, Solana’s price action is currently being sustained at the 50-day Moving Average (MA50). This specific level is serving as a critical foundation for the current price structure, keeping the long-term bullish thesis intact while the market consolidates. Related Reading: Solana (SOL) Momentum Explodes as $100 Barrier Comes Into Focus The current positioning at the MA50 represents a pivotal technical test for the token. Currently, the market is closely watching this zone to determine whether the current accumulation period has sufficient strength to support a successful liftoff. If Solana successfully clears the MA50 resistance, it could signal the end of the consolidation period and a breakout from the accumulation zone. Overcoming this hurdle would likely clear the path for more significant upside potential. Traders are currently seeking a decisive close above this level to confirm that the path for a sustained rally has finally been opened. Featured image from iStock, chart from Tradingview.com

Solana started a fresh increase above the $82 zone. SOL price is now consolidating near $85 and might aim for more gains above the $88 zone. SOL price started a fresh upward move above the $82 and $85 levels against the US Dollar. The price is now trading above $82 and the 100-hourly simple moving average. There was a break above a bullish flag pattern with resistance at $80.00 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $88 resistance zone. Solana Price Rallies Over 5% Solana price started a decent increase after it settled above the $82 zone, like Bitcoin and Ethereum. SOL climbed above the $85 level to enter a short-term positive zone. Earlier, there was a break above a bullish flag pattern with resistance at $80.00 on the hourly chart of the SOL/USD pair. The price even smashed the $86.50 resistance. A high was formed at $87.04, and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the recent upward move from the $78.38 swing low to the $87.04 high. Solana is now trading above $82 and the 100-hourly simple moving average. On the upside, the price is facing resistance near $85. The next major resistance is near the $88 level. The main resistance could be $95. A successful close above the $95 resistance zone could set the pace for another steady increase. The next key resistance is $102. Any more gains might send the price toward the $112 level. Downside Correction In SOL? If SOL fails to rise above the $88 resistance, it could start another decline. Initial support on the downside is near the $83.75 zone. The first major support is near the $82.70 level and the 50% Fib retracement level of the recent upward move from the $78.38 swing low to the $87.04 high. A break below the $82.70 level might send the price toward the $80 support zone. If there is a close below the $80 support, the price could decline toward the $75 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $82.70 and $80.00 Major Resistance Levels – $85.00 and $88.00.

Solana found support at $77 and corrected some losses. SOL price is now consolidating above $80 and might aim for a steady increase. SOL price started a decent recovery wave above $80 and $82 against the US Dollar. The price is now trading above $80 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $80 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $82.80 and $85. Solana Price Starts Recovery Solana price remained stable and started a decent recovery wave from $77, like Bitcoin and Ethereum. SOL was able to climb above the $80 level. There was a move above the 50% Fib retracement level of the downward move from the $86.63 swing high to the $76.70 low. Besides, there was a break above a key bearish trend line with resistance at $80 on the hourly chart of the SOL/USD pair. However, the bears are active near $82.80. Solana is now trading above $80 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $82.80 level or the 61.8% Fib retracement level of the downward move from the $86.63 swing high to the $76.70 low. The next major resistance is near the $85 level. The main resistance could be $88. A successful close above the $88 resistance zone could set the pace for another steady increase. The next key resistance is $95. Any more gains might send the price toward the $102 level. Another Decline In SOL? If SOL fails to rise above the $82.80 resistance, it could continue to move down. Initial support on the downside is near the $80 zone. The first major support is near the $77 level. A break below the $77 level might send the price toward the $75 support zone. If there is a close below the $75 support, the price could decline toward the $66 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $80.00 and $77.00. Major Resistance Levels – $82.80 and $85.00.

Solana-based Drift Protocol has suffered the largest exploit of 2026 to date, losing nearly $300 million in a “highly sophisticated operation” that has raised concerns about the growing threat of human-targeted attacks in the crypto space. Related Reading: Bitcoin ETFs Break Four-Month Negative Streak With $1.32B Inflows While ETH, XRP Funds Bleed Solana DEX Loses $285M On April Fool’s Day On Wednesday, Solana-based decentralized exchange (DEX) Drift Protocol was the victim of an exploit that stole hundreds of millions of dollars from its vaults. After online reports flagged unusual on-chain activity yesterday afternoon, Drift’s official channels confirmed the attack, quickly suspending deposits and withdrawals. According to reports, the attack lasted less than 20 minutes and stole around $285 million in multiple assets, including USDC, JPL, USDT, JUP, USDS, WBTC, and WETH, from nearly 20 vaults. This marks the largest crypto exploit of 2026 to date, and one of the largest hacks in the industry, just above WazirX’s $235 million hack. The hack wiped out half of the Solana-based project’s total value locked (TVL), which fell from roughly $550 million to $252 million, per DeFiLlama data. Drift protocol’s token, DRIFT, also plunged, retracing nearly 40% over the past 24 hours. Within hours, the exploiter had swapped $270.9 million into USDC, bridged them from Solana to Ethereum via the CCTP TokenMessengerMinterV2, and purchased 129,000 ETH, splitting them across multiple wallets. In a Thursday post, Drift shared the details of the incident, affirming that “a malicious actor gained unauthorized access to Drift Protocol through a novel attack involving durable nonces, resulting in a rapid takeover of Drift’s Security Council administrative powers.” Solana’s durable nonces are an advanced mechanism that allows transactions to bypass the typical short expiration date of regular transactions. This enables users to pre-sign transactions for future execution, offline signing, or complex multisig workflows. “This was a highly sophisticated operation that appears to have involved multi-week preparation and staged execution, including the use of durable nonce accounts to pre-sign transactions that delayed execution,” the post continued. Malicious Actors Targeting Humans, Not Smart Contracts The Solana-based DEX emphasized that the exploit was not the result of a bug in Drift’s programs or smart contracts, noting that they found no evidence of compromised see phrases either. “The attack involved unauthorized or misrepresented transaction approvals obtained prior to execution, likely facilitated through durable nonce mechanisms and sophisticated social engineering,” the project underscored. Lily Liu, President of the Solana Foundation, addressed the incident, asserting that it is a blow to the whole Solana ecosystem. Liu pointed out that “Smart contracts held up. The real targets now are humans: social engineering and opsec weaknesses more than code exploits.” Related Reading: Analyst Forecasts More Pain For XRP In Q2 – How Much Lower Can It Go? Ledger CTO Charles Guillemet linked Drift’s attack method to Bybit’s $1.4 billion hack, which was attributed to North Korean hacking groups. As he explained, the attackers likely compromised several machines belonging to multisig signers through long-term infiltration and misled operators into approving the malicious transactions. This modus operandi is similar to the Bybit hack last year, widely attributed to DPRK-linked actors. The pattern is becoming familiar: patient, sophisticated supply-chain-level compromise targeting the human and operational layer, not the smart contracts themselves. Guillemet affirmed that the incident is “yet another wake-up call for the industry” to raise the bar on security. “Ultimately, security is not just about code audits. It’s about giving operators and users the right information at the right time, so they can make informed decisions about what they sign,” he concluded. Featured Image from Unsplash.com, Chart from TradingView.com

Solana failed to settle above $85 and extended losses. SOL price is now consolidating losses below $80 and might struggle to start a recovery wave. SOL price started a fresh decline below $88 and $85 against the US Dollar. The price is now trading below $86 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $81.50 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $78 or $75. Solana Price Dips Below $85 Solana price failed to remain stable above $85 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $82 and $80 levels. There was a break below a bullish trend line with support at $81.50 on the hourly chart of the SOL/USD pair. The bears even pushed the price toward $78. A low was formed at $78.30, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $86.63 swing high to the $78.30 low. Solana is now trading below $86 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $80.25 level. The next major resistance is near the $82.50 level or the 50% Fib retracement level of the downward move from the $86.63 swing high to the $78.30 low. The main resistance could be $85. A successful close above the $85 resistance zone could set the pace for another steady increase. The next key resistance is $88. Any more gains might send the price toward the $92 level. More Losses In SOL? If SOL fails to rise above the $82.50 resistance, it could continue to move down. Initial support on the downside is near the $78 zone. The first major support is near the $75 level. A break below the $75 level might send the price toward the $70 support zone. If there is a close below the $70 support, the price could decline toward the $62 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $78 and $75. Major Resistance Levels – $82.50 and $85.00.

Solana is entering a critical phase as price action tightens within a narrowing range, signaling that a major move may be close. With volatility compressing and key levels clearly defined, the market appears primed for a decisive breakout or breakdown in the sessions ahead. Compression Phase Signals Imminent Volatility Spike Solana remains under notable pressure but is attempting to stabilize around a crucial support zone. According to MakroVision Research, price action in the short term is beginning to compress into a tight range, even as the asset continues to trade beneath key descending trendlines that maintain a bearish structure. Related Reading: Solana’s Deep Correction Could Be The Catalyst For Its Biggest Rally Yet On the upside, $85 stands as the first major hurdle, combining both horizontal resistance and the weight of the ongoing downtrend. A move beyond $98, which marks the most recent lower high, would offer a stronger shift in momentum and improve the overall outlook. Furthermore, a break above $117 would significantly strengthen the structure, signaling a more convincing recovery phase. On the downside, the $75.5 to $78 region remains the most critical support zone. Early signs of stabilization are emerging within this range, suggesting that buyers are attempting to defend it. However, any decisive breakdown below this area would likely reinforce bearish sentiment and open the door for increased selling pressure. Price structure shows Solana trading within a tightening range just above support, while a minor ascending formation develops. Despite that, the broader trend remains capped by descending resistance lines, indicating that a full reversal has yet to take shape. A breakout from this compression is expected to define the next significant move. Solana Ascending Formation Emerges Within A Constrained Range Analyzing the current chart structure, the analyst highlighted that Solana continues to trade within a tight range just above its key support zone. Within this consolidation, a smaller ascending structure is gradually forming, suggesting that buyers are attempting to build momentum and create a base for a potential move higher. Related Reading: Solana (SOL) Hits Key Support, Will Bulls Hold the Line? However, upside progress remains limited as price action continues to trade beneath the dominant red downtrend lines. These descending resistance levels are still firmly in control, capping rallies and preventing a clean shift in short-term market structure. Until these barriers are broken, any upward movement risks being viewed as temporary relief rather than a confirmed reversal. Meanwhile, a strong and impulsive breakout above the $85 level would mark the first meaningful bullish signal, potentially paving the way for an extended move toward the $95 level and beyond. Conversely, if the support zone gives way, selling pressure could intensify rapidly, increasing the likelihood of a fresh downward leg as the broader bearish structure reasserts control. Featured image from Adobe Stock, chart from Tradingview.com

Solana recent pullback may look like weakness on the surface, but it could be laying the groundwork for something much bigger. Following an extended bullish run, the ongoing correction is resetting momentum, taking out weak hands, and driving the price toward key demand zones. If history is any guide, such deep retracements often precede powerful expansions, positioning SOL for a potential breakout that could surpass previous highs. Correction Phase Sets The Tone For Solana’s Next Move Solana is getting a much-needed reality check, as highlighted by Crypto Patel, who emphasized that the journey to $1,000 will be far from smooth. Despite the excitement surrounding a potential move to $1,000, current price action suggests the market is cooling off after a strong rally. Corrections often create opportunities, especially for patient investors willing to wait for better entries rather than chasing prices at elevated levels. Related Reading: What The Solana Open Interest Is Saying About The Cryptocurrency Right Now From a structural standpoint, signs of distribution have emerged following the recent uptrend. Key support lies between $70 and $50, with notable liquidity resting below the $60 level, an area that could be targeted for a sweep. A breakdown below $70 may accelerate downside momentum, driving the price toward the $50 zone. Market behavior continues to highlight the contrast between retail and institutional participants. Retail traders often become emotionally attached to ambitious price targets, while smart money waits for discounted entries. These deeper corrections tend to shake out weaker hands, setting the stage for a stronger and more sustainable expansion later on. Looking ahead, the short-term bias remains bearish below $70, with expectations of a possible move beneath $50. The $70–$50 range stands out as a key accumulation zone, while long-term projections still point toward $500 and eventually $1,000. The question now is whether investors are stepping in during the dip or holding out for even lower prices. SOL’s Impulsive Structure Signals Strong Macro Trend According to crypto analyst Osemka, Solana stands out as one of the clearest impulsive structures in the market, completing a textbook 1–5 wave move from December 2022 to January 2025. Such a strong impulsive phase often lays the foundation for a healthy correction before the next major trend unfolds. Related Reading: Solana Flashing Mixed Signals: $105 Breakout Or Double-Pair Collapse Ahead? Currently, SOL appears to be undergoing an ABC correction within a defined channel. Wave C is currently testing a high-timeframe support zone, while the RSI hints at a potential diagonal retest. Holding this level could be critical, as it may set the stage for a higher-timeframe reversal, with April emerging as a key period to watch. A confirmed reversal in Solana would not only signal strength for the asset itself but could also act as a leading indicator for the broader altcoin market. Featured image from iStock, chart from Tradingview.com

Solana’s derivatives market is signaling something the price chart doesn’t fully show—and it matters right now. According to data from Coinglass, Solana’s total open interest across all exchanges is currently at $5.44 billion, which is about 65.12 million SOL in outstanding futures contracts. That figure places open interest back within the same range it occupied in April 2025, effectively erasing nearly a full year of buildup in the asset Related Reading: UK Slaps Sanctions On $20B Crypto Black Market Tied To Southeast Asia Scam Rings A Year’s Worth Of Leverage Is Gone According to CoinGlass, Solana’s open interest is currently around $5.45 billion, a level that stands far below the peaks seen during the late-2025 run-up.  From late April 2025, Solana’s open interest continued to climb, scaling from the $5 billion to $6 billion range through the summer months, breaking past $12 billion by mid-July, and ultimately peaking around $15 billion to $16 billion in mid-September 2025 when the SOL price was trading above $240. However, what followed that peak was an unwinding that has lasted for the past few months. Solana’s open interest fell through October and November 2025, briefly stabilized in December, then finally collapsed in January and early February 2026. At the time of writing, Solana’s open interest has now dropped to $5.44 billion, which appears to be the lowest point since early April 2025. That is important because it shows the Solana price ecosystem has unwound nearly a full year of speculative buildup. Many of the traders who were previously amplifying Solana’s moves through leverage are no longer as active. Solana Open Interest. Source: Coinglass What This Means For SOL Price The distribution of that $5.44 billion across trading exchanges shows that Binance holds the largest share at $951.84 million, which is about 17.49% of total open interest. This is followed by CME at $672.55 million and Bybit at $617.30 million. KuCoin stands out in the short-term data, recording the largest 24-hour OI change among major venues at +10.42%, though it originates from one of the smaller books in the table at $402.69 million.  The CME open interest number is notable to watch, as it means that institutional participation via regulated futures is still holding up compared to other exchanges.  Total Solana Open Interest. Source: Coinglass There is an important relationship between price and open interest. Whenever an asset’s price rises alongside open interest, it means new money is entering and momentum is being reinforced. On the other hand, when price falls and open interest also falls, it usually points to a reset, where positions are being closed and leverage is being removed from the system. Related Reading: Shiba Inu Under Pressure As Nearly 40B Netflow Surge Hits Exchanges This can be read in two ways. The bearish reading is that fewer leveraged traders means less immediate buying pressure and less momentum support, which can leave price vulnerable if spot demand does not step in. The more constructive reading is that a large part of the excess leverage has already been washed out. At the time of writing, Solana is trading at $83.51, down by 2.7% in the past 24 hours. Featured image from Unsplash, chart from TradingView

Solana failed to settle above $92 and extended losses. SOL price is now consolidating losses below $88 and might struggle to start a recovery wave. SOL price started a fresh decline below $90 and $88 against the US Dollar. The price is now trading below $88 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $88 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $85 or $80. Solana Price Revisits $85 Solana price failed to remain stable above $93 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $90 and $88 levels. The bears even pushed the price toward $85. A low was formed at $85.42, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $93.40 swing high to the $85.42 low. Solana is now trading below $88 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $88 level. There is also a key bearish trend line forming with resistance at $88 on the hourly chart of the SOL/USD pair. The next major resistance is near the $89.40 level or the 50% Fib retracement level of the downward move from the $93.40 swing high to the $85.42 low. The main resistance could be $92. A successful close above the $92 resistance zone could set the pace for another steady increase. The next key resistance is $95. Any more gains might send the price toward the $102 level. More Losses In SOL? If SOL fails to rise above the $88 resistance, it could continue to move down. Initial support on the downside is near the $85 zone. The first major support is near the $82 level. A break below the $82 level might send the price toward the $80 support zone. If there is a close below the $80 support, the price could decline toward the $74 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $85 and $80. Major Resistance Levels – $88 and $92.

Solana found support at $85 and corrected some losses. SOL price is now consolidating above $90 and might aim for a steady increase. SOL price started a decent recovery wave above $88 and $90 against the US Dollar. The price is now trading above $90 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $88 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $92.80 and $95. Solana Price Eyes Recovery Solana price remained stable and started a decent recovery wave from $85, like Bitcoin and Ethereum. SOL was able to climb above the $90 level. There was a move above the 50% Fib retracement level of the downward move from the $97.67 swing high to the $85.10 low. Besides, there was a break above a key bearish trend line with resistance at $88 on the hourly chart of the SOL/USD pair. However, the bears are active near $92.00. Solana is now trading above $90 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $92.20 level. The next major resistance is near the $92.80 level or the 61.8% Fib retracement level of the downward move from the $97.67 swing high to the $85.10 low. The main resistance could be $95. A successful close above the $95 resistance zone could set the pace for another steady increase. The next key resistance is $102. Any more gains might send the price toward the $112 level. Another Decline In SOL? If SOL fails to rise above the $92.80 resistance, it could continue to move down. Initial support on the downside is near the $88.40 zone. The first major support is near the $85 level. A break below the $85 level might send the price toward the $82 support zone. If there is a close below the $82 support, the price could decline toward the $75 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $92.80 and $95.00. Major Resistance Levels – $88.40 and $85.00.

Solana failed to settle above $92 and extended losses. SOL price is now consolidating losses below $90 and might struggle to start a recovery wave. SOL price started a fresh decline below $90 and $88 against the US Dollar. The price is now trading below $88 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $88 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $85 or $80. Solana Price Revisits $85 Solana price failed to remain stable above $92 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $90 and $88 support levels. The price gained bearish momentum below $87.20. A low was formed at $85.10, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $90.81 swing high to the $85.10 low. Solana is now trading below $88 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $88 level. There is also a key bearish trend line forming with resistance at $88 on the hourly chart of the SOL/USD pair. The next major resistance is near the $88.60 level or the 61.8% Fib retracement level of the downward move from the $90.81 swing high to the $85.10 low. The main resistance could be $90. A successful close above the $90 resistance zone could set the pace for another steady increase. The next key resistance is $95. Any more gains might send the price toward the $102 level. More Losses In SOL? If SOL fails to rise above the $88 resistance, it could continue to move down. Initial support on the downside is near the $85 zone. The first major support is near the $82 level. A break below the $82 level might send the price toward the $80 support zone. If there is a close below the $80 support, the price could decline toward the $74 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $85 and $80. Major Resistance Levels – $88 and $90.

Solana is flashing mixed signals as price tightens beneath key resistance while early signs of momentum weakness begin to emerge. A clean breakout above $95 could ignite a swift move toward the $100–$105 zone, but fading RSI suggests underlying strength may be weakening.  Pressure Builds As Solana Holds Firm Below Resistance Solana is tightening just beneath a resistance zone, and the pressure is becoming harder to ignore with each passing move. According to crypto analyst Marcus Corvinus, repeated rejections around the $92–$95 range have not triggered any meaningful breakdown so far. That resilience keeps the bullish structure intact despite multiple tests of resistance. Related Reading: Solana Key Indicator Flashes First Bullish Signal Since January – Market Rebound Incoming? An ascending trendline is steadily guiding the price higher. Buyers are stepping in earlier on each dip, preventing deeper pullbacks and gradually compressing prices into the resistance zone. Such action is rarely random; rather, it signals that strength is building beneath the surface as accumulation continues quietly. A clean break and sustained hold above $95 could act as a trigger for momentum to expand rapidly, potentially sending Solana toward the $100–$105 region in a relatively short time. On the flip side, if the ascending trendline gives way, it would open the door for a sharp drop into the $78–$75 demand zone, where buyers may attempt to regain control. Current conditions indicate a classic squeeze setup, where tightening price action often leads to a strong directional move. Once either side gives in, the resulting breakout or breakdown is unlikely to be gradual. Rare Divergence: Momentum Breaks On USDT While BTC Pair Holds In a recent analysis, Umair Crypto highlighted an emerging weakness in Solana’s structure, noting that the RSI on the USDT pair is already fading while the BTC pair has yet to follow. Once the point of control (POC) at $12,573 breaks, both pairs are likely to decline in sync, setting the stage for a broader move lower. Related Reading: Solana (SOL) Loses Critical Support as Crypto Weakness Deepens, Fresh Lows Ahead? Solana is showing a rare divergence, where the RSI trendline has broken on the USDT pair first, but the BTC pair still reflects strength. Under normal conditions, weakness tends to appear on the BTC pair. However, when the USDT pair leads, it suggests that momentum is deteriorating faster than relative strength can conceal. Price recently surged toward $97 and is now retesting the 50 SMA, but the move lacks strong volume support. A push toward $101 remains possible, and such a move could form a bearish divergence. Rather than strength, that scenario would likely act as a setup, hinting that upside may be limited. Once the BTC pair breaks below the $12,573 POC, both pairs are expected to lose structure simultaneously, creating a powerful double-confirmation signal that could accelerate downside momentum. Initial targets sit around $77, with a deeper move toward $67 also in play. Despite the US Securities and Exchange Commission classifying SOL as a digital commodity on March 18, the fading RSI suggests the market is not reacting with strength. Featured image from iStock, chart from Tradingview.com

Solana has retraced below the $90 level as volatility resurfaces across the cryptocurrency market, signaling renewed uncertainty after a period of relative stabilization. The move lower reflects growing hesitation among traders, with price action struggling to sustain momentum as broader market conditions remain fragile. Related Reading: XRP Liquidations Accelerate After $1.50 Breakout: Short Squeeze Unfolds Beyond the chart, derivatives data is beginning to reveal a more nuanced shift in market structure. According to a recent CryptoQuant report, the 90-day Futures Taker CVD highlights a transition that has been developing over the past year. Throughout 2024 and early 2025, the market moved from aggressive sell-side dominance into phases where buyers intermittently drove price action higher. However, the current regime in 2026 presents a different dynamic. The data suggests that momentum traders are now distributing into strength, rather than initiating new long positions to support sustained upside. This behavioral shift is often associated with late-cycle conditions, where leverage continues to drive price movements but underlying conviction begins to weaken. For Solana, this creates a more fragile setup. While short-term rallies may still occur, the lack of consistent demand from leveraged participants raises questions about the durability of any upside move in the current environment. Spot Accumulation Emerges as Futures Show Exhaustion The CryptoQuant report highlights a critical shift beneath Solana’s recent price action. Data on spot average order size shows a clear re-emergence of whale participation at lower levels, signaling that larger players are stepping back into the market after months of reduced activity. During the drawdown from late-2025 highs, order sizes declined steadily, reflecting weak conviction. Now, clusters of large orders are forming near the recent base, suggesting that whales are selectively accumulating into weakness rather than chasing rallies. This behavior contrasts sharply with what is happening in derivatives markets. While spot flows indicate early accumulation, futures data points to exhaustion and distribution, with momentum traders reducing exposure instead of building new positions. This divergence is structurally important, as it creates a mixed market environment where different participant groups are acting with opposing strategies. From a market structure perspective, this setup may limit downside in the medium term, as spot accumulation tends to absorb selling pressure. However, the upside remains conditional. For Solana to sustain a meaningful recovery, spot-driven demand must persist and expand, eventually outweighing the influence of leveraged positioning. Meanwhile, improving fundamentals—including stronger developer activity and renewed DeFi traction—continue to support long-term confidence, even as short-term uncertainty persists. Related Reading: Ethereum Holds Above $2,300 As Open Interest Expansion Reinforces Uptrend Stability Solana Tests Key Support After Sharp Drawdown Solana’s 3-day chart reflects a clear loss of momentum following a lower-high formation, with price now stabilizing just below the $90 level after a sharp correction. The recent move down from the $140–$150 region confirms a continuation of the broader downtrend structure, characterized by declining highs and persistent selling pressure since late 2025. Technically, SOL has broken below its short- and mid-term moving averages, both of which are now sloping downward and acting as dynamic resistance. The rejection from these levels during recent attempts to recover suggests that buyers are still lacking conviction at higher prices. Related Reading: XRP Liquidity Builds on Binance – What The 2.78B Reserve Spike Means However, the current price zone around $80–$90 is beginning to show signs of demand. The chart reveals a base formation with multiple rejections of lower levels, indicating that sellers are gradually losing control in the short term. Volume spikes during the selloff, followed by reduced selling intensity, further support the idea of exhaustion on the downside. Despite this stabilization, the broader structure remains fragile. For Solana to shift momentum, it must reclaim the $110–$120 region, where prior support has flipped into resistance. Until then, the current move appears to be a relief bounce within a corrective trend, rather than the start of a sustained recovery. Featured image from ChatGPT, chart from TradingView.com 

Amid strong institutional demand and regulatory clarity from US authorities, an analyst has suggested that Solana (SOL) could potentially rally above a crucial psychological barrier for the first time in a month. Related Reading: BNB Chain Momentum Grows As Total RWA Value Hits $3B Clear Skies Ahead For Solana Over the past week, Solana has had a remarkable performance, jumping 22% from March lows and breaking out of its multi-week consolidation range. The cryptocurrency has been hovering between the $77 and $92 levels over the past month and a half, failing to break above the upper zone of this range despite multiple attempts. Following the recent crypto market bounce, the altcoin reached a one-month high of $97 at the start of the week, before dropping to $90 on Wednesday. Amid this performance, analyst Ali Martinez reported that SOL recently flashed a key bullish signal for the first time since January, suggesting a relief rally could be ahead. As he explained, the SuperTrend indicator, which is used to identify the current market trend, has turned bullish on Solana, flipping from Sell to Buy on the daily chart. In addition, the market watcher noted that there’s little resistance until the $100 psychological barrier, signaling a potential breakout to $115. Per the post, the UTXO Realized Price Distribution (URPD) metric shows that “a robust demand floor” was established between $85.55 and $82.60, where 76 million SOL tokens were transacted. “This 38-day accumulation phase has effectively exhausted sell-side liquidity. With no significant supply barriers remaining on the horizontal profile, Solana has a clear path toward the $100 psychological level, followed by the $115 liquidity cluster,” he detailed, adding that the “‘ceiling’ is significantly thinner than the current floor.” Martinez emphasized that if Solana holds the 39-day distribution zone that flipped into a structural floor around the $93 area, a bull rally could happen “much faster than people think.” Institutional Demand, Regulatory Clarity Fuel SOL’s Momentum SOL’s anticipated recovery comes as spot Solana Exchange-Traded Funds (ETFs) record their largest single-day performance in two weeks and their best weekly run since the mid-January market crash. According to SoSoValue data, the category saw $17.81 million in inflows on March 17, its highest single-day net flows since the start of the month, suggesting strong institutional demand. Meanwhile, the SOL-based funds have seen a five-week positive streak despite market volatility, largely fueled by geopolitical tensions. As the report noted, Solana Spot ETFs have cumulative net inflows of $989.3 million amid strong, “just shy of the $1B milestone.” Related Reading: The End Of Ethereum’s Downtrend? Key Indicator Flashes First Bullish Signal Since September Adding to the momentum, US regulators have recently shared long-awaited clarity on how federal securities laws apply to many crypto assets, resolving years of regulatory ambiguity. On Tuesday, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued joint guidance to provide clearer rules for market participants, officially confirming that most crypto assets, including Solana, Cardano, and XRP, are digital commodities rather than securities, joining Bitcoin and Ethereum in this classification. As of this writing, Solana trades at $90, a 6.4% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana started a fresh increase above the $92 zone. SOL price is now consolidating near $95 and might aim for more gains above the $98 zone. SOL price started a fresh upward move above the $92 and $95 levels against the US Dollar. The price is now trading above $92 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $94 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $98 resistance zone. Solana Price Rallies Over 5% Solana price started a decent increase after it settled above the $88 zone, like Bitcoin and Ethereum. SOL climbed above the $92 level to enter a short-term positive zone. The price even smashed the $95 resistance. A high was formed at $97.67, and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the recent upward move from the $86.54 swing low to the $97.67 high. Solana is now trading above $92 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $94 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near $95. The next major resistance is near the $98 level. The main resistance could be $100. A successful close above the $100 resistance zone could set the pace for another steady increase. The next key resistance is $105. Any more gains might send the price toward the $112 level. Downside Correction In SOL? If SOL fails to rise above the $98 resistance, it could start another decline. Initial support on the downside is near the $94 zone. The first major support is near the $92 level and the 50% Fib retracement level of the recent upward move from the $86.54 swing low to the $97.67 high. A break below the $92 level might send the price toward the $88 support zone. If there is a close below the $88 support, the price could decline toward the $82 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $94.00 and $92.00 Major Resistance Levels – $95.00 and $98.00.

Solana started a fresh increase above the $88 zone. SOL price is now consolidating near $90 and might aim for more gains above the $92 zone. SOL price started a fresh upward move above the $85 and $88 levels against the US Dollar. The price is now trading above $88 and the 100-hourly simple moving average. There was a break above a key contracting triangle with resistance at $87 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $92 resistance zone. Solana Price Regains Traction Solana price started a decent increase after it settled above the $85 zone, like Bitcoin and Ethereum. SOL climbed above the $88 level to enter a short-term positive zone. There was a break above a key contracting triangle with resistance at $87 on the hourly chart of the SOL/USD pair. The price even smashed the $90 resistance. A high was formed at $91.12, and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the recent upward move from the $85.09 swing low to the $91.12 high. Solana is now trading above $88 and the 100-hourly simple moving average. On the upside, the price is facing resistance near $91.20. The next major resistance is near the $92 level. The main resistance could be $95. A successful close above the $95 resistance zone could set the pace for another steady increase. The next key resistance is $100. Any more gains might send the price toward the $102 level. Downside Correction In SOL? If SOL fails to rise above the $91.20 resistance, it could start another decline. Initial support on the downside is near the $88 zone. The first major support is near the $87.40 level and the 61.8% Fib retracement level of the recent upward move from the $85.09 swing low to the $91.12 high. A break below the $87.40 level might send the price toward the $85 support zone. If there is a close below the $85 support, the price could decline toward the $78 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $88.00 and $87.40 Major Resistance Levels – $91.20 and $95.00.

Solana is attempting to stabilize after recent downside pressure, with the $85 level emerging as a key support zone. Price action is beginning to show early signs of base formation as bulls try to defend this area and slow the broader decline. While the short-term structure hints at a possible recovery attempt, a stronger shift in momentum will likely require a decisive push toward higher resistance levels. Solana Shows Early Signs Of Stabilization Near Key Zone In a recent technical brief, MakroVision Research highlighted that Solana is beginning to display early signs of stabilization following its recent period of weakness. While the broader market structure remains under pressure, current price behavior suggests selling momentum may be slowing, allowing the market to attempt a short-term recovery phase. Related Reading: Top Analyst Suggests Solana May Surpass XRP In Market Value: Here’s Why And When According to the analysis, Solana is presently consolidating just above the $85 level, a price zone that carries significant short-term importance. At the same time, the chart is forming a slightly rising structure characterized by gradually higher lows. As this pattern develops, the price is once again approaching the upper boundary of the formation, suggesting that market participants are testing whether enough momentum exists to push the price higher. Despite these constructive short-term developments, the broader trend remains bearish. Solana is still trading clearly below the descending red trendline, which continues to confirm the prevailing downtrend. $100 Trendline Break Could Signal Bullish Shift The analyst further stressed that a clear breakout above the descending red trendline around the $100 level would represent the first meaningful bullish signal for Solana in the current market structure. This suggests that buyers are beginning to regain control, potentially opening the door for a stronger recovery and a shift in short-term momentum. Related Reading: Solana’s Next Major Support Levels Sit At $50, $22, And $10: Analyst On the other hand, the outlook remains cautious as long as the price continues to trade below that key trendline resistance. If Solana approaches the $100 area but faces another strong rejection, it would reinforce the idea that the broader downtrend remains firmly intact. In the near term, Solana appears to be stabilizing after its recent decline and is attempting to build a potential base structure. The emergence of gradually rising lows suggests that buyers are starting to defend current levels, which could provide a foundation for a possible upward move if momentum improves. For the bullish scenario to gain traction, holding the $85 support level remains crucial. As long as this zone continues to act as a floor, the market retains the possibility of pushing higher. A sustained reclaim of the $100 level would be the real turning point to improving the overall technical outlook, while repeated rejections would confirm the existing downtrend. Featured image from iStock, chart from Tradingview.com

Daniel Cheung, co-founder of Syncracy Capital, says Hyperliquid’s native token HYPE is beginning to resemble Solana’s setup before its last major run, arguing that the protocol has become the clearest center of real trading activity in crypto. In a series of posts on X over the past month, Cheung laid out an increasingly aggressive thesis: Hyperliquid is not just outperforming within crypto, but could emerge as a broader financial trading platform with appeal beyond the sector. Cheung’s most direct comparison came this week. “HYPE at $35 feels similar to SOL at $20 before its last cycle rally,” he wrote, framing Hyperliquid as an early-stage winner before a broader market expansion. He tied that view to what he sees as the protocol’s current market position: “Hyperliquid is currently the main chain where trading activity is happening and the only chain bringing new users into crypto right now given its offering around 24/7 markets.” Related Reading: Arthur Hayes Predicts Hyperliquid’s HYPE Is Headed To $150 By August 2026 What Cheung appears to be invoking is Solana’s move from a battered late-2022 asset into one of the cycle’s biggest winners. After trading around $8 at the end of 2022 and still hovering near $23 in September 2023, SOL eventually climbed to a fresh all-time high of $295.83 in mid-January 2025. From a $20 reference point, that would imply a rally of roughly 1,379%. That argument is notable because it does not rest primarily on meme-driven activity, which has often powered attention cycles elsewhere. Cheung said Hyperliquid is “gaining significantly more media attention and respect” because its use cases are “centered around much more than dogshit memes.” In his telling, that gives the project a stronger foundation if speculative conditions improve again. Across several posts, Cheung repeatedly described Hyperliquid less as a single-app crypto trade and more as a category-defining trading venue. On Feb. 28, he wrote, “Becoming more clear by the day that Hyperliquid is the financial trading platform of the future and that generational wealth will be made longing this coin. Think this has a chance to flip Robinhood, Interactive Brokers etc… Hyperliquid is out innovating peers.” Related Reading: Apollo Crypto Explains Why Hyperliquid Is Its Top Altcoin Holding That is a large claim, and Cheung presented it as a product and market-structure thesis rather than a short-term price call alone. His view appears to hinge on two linked assumptions: first, that perpetual futures become a much larger category than the market currently prices in, and second, that Hyperliquid captures a disproportionate share of that expansion because it is already where users are trading. He made that point more explicitly on Feb. 12, when he said investors were missing “two things” in the current market. The first was that “HYPE is the most exciting startup not in AI and will eventually flip COIN and HOOD.” The second was that “the perps category will be bigger than anyone expects,” adding that another asset, LIT, looked deeply undervalued relative to HYPE on a fee basis. Cheung’s posts also make clear that timing matters. On March 9, he said “HYPE to $120+” would be “pretty easy once the crypto bull market comes back,” before adding: “We are close.” That suggests his target is not based on Hyperliquid operating in isolation, but on the idea that a renewed bull phase would amplify an already strong relative position. Notably, BitMEX founder Arthur Hayes recently argued that HYPE could reach $150 until August this year. At press time, HYPE traded at $36.16. Featured image created with DALL.E, chart from TradingView.com

Solana (SOL), currently the seventh-largest cryptocurrency by market cap—trailing behind Bitcoin (BTC), Ethereum (ETH), USDT, Binance Coin (BNB), XRP, and USDC—may be on the path of surpassing its closest competitor, XRP. This potential shift is largely attributable to the intensifying infrastructure race between the two projects, as highlighted by market analyst Alex Carchidi from The Motley Fool in a Tuesday report.  The Race For Tokenization Capital  While XRP holds a larger market cap of approximately $87 billion compared to Solana’s $50 billion at the time of writing, both assets are vying to become the backbone for the tokenization of real-world assets (RWAs), such as stocks and commodities converted for trading on blockchains. Carchidi notes that Solana’s strengths lie in its speed and cost-effectiveness, making it particularly suited for managing tokenized assets that require rapid movement at scale—like stocks, bonds, and commodity contracts.  The Solana platform currently has around $272 million in tokenized stocks circulating within its ecosystem, marking a 14% increase over the 30-day period that ended on March 5. Related Reading: What’s Fueling Hyperliquid’s Surge? HYPE Outperforms Top 100 Cryptos In Latest Rally Predictions suggest the total market value of tokenized stocks could climb to over $38 billion by 2035, up from about $1 billion today, indicating a substantial growth area ripe for competition.  The argument for Solana’s potential to overtake XRP hinges on its aspiration to become the central hub for trading equities, exchange-traded funds (ETFs), and institutional funds around the clock—all at minimal costs.  Carchidi asserts that Solana doesn’t necessarily need to capture 100% of the tokenized assets market to see significant price appreciation.  Its current market cap is already so close to that of XRP’s that even a modest gain at XRP’s expense could tip the scales in Solana’s favor. Carchidi acknowledges that Solana may indeed flip XRP. However, the path for SOL to surpass XRP is not without challenges.  XRP’s Edge Against Solana  At present, the XRP Ledger (XRPL) holds approximately $453 million in tokenized assets specifically available for trading, rather than just for record keeping. The stablecoin base on XRPL is currently around $432 million.  A substantial portion of XRP’s tradeable tokenized assets comprises US Treasury bills and government bonds valued at about $294 million. On the surface, this setup may not seem to threaten Solana’s growth trajectory.  Yet, the analyst contends that XRP has its own advantages. Known for its speed and low transaction costs, XRP also benefits from a robust compliance infrastructure that is integrated into its blockchain.  Related Reading: BitMine Acquires 60,000 ETH; Chair Discusses Outlook For Ethereum And Crypto Prices This allows financial institutions looking to tokenize assets—such as bonds, stocks, or securities—to avoid the time-consuming process of developing a compliance framework from scratch. As a result, XRP may attract more capital inflows related to tokenization over the next few years.  Despite these challenges, the analyst believes that Solana would eventually outperform XRP in terms of valuation, possibly in 2030 and beyond, owing to its plans for a larger ecosystem.  At the time of writing, Solana was trading at roughly $88.48, up 2.7% in the previous 24 hours. XRP, on the other hand, has surpassed SOL’s growth over the same period, with gains approaching 5% and the token trading at $1.43.  Featured image from OpenArt, chart from TradingView.com 

Solana failed to settle above $90 and trimmed some gains. SOL price is now consolidating above $85 and showing a few bearish signs. SOL price started a decent recovery wave above $82 and $85 against the US Dollar. The price is now trading above $85 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $85.50 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $88 and $90. Solana Price Attempts Recovery Solana price remained stable and started a decent recovery wave above $82, like Bitcoin and Ethereum. SOL was able to climb above the $85 level. There was a move above the 50% Fib retracement level of the downward move from the $94.10 swing high to the $80.29 low. Besides, there was a break above a key bearish trend line with resistance at $85.50 on the hourly chart of the SOL/USD pair. However, the bears are active near $88.80 and the 61.8% Fib retracement level of the downward move from the $94.10 swing high to the $80.29 low. Solana is now trading above $85 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $87.20 level. The next major resistance is near the $88.80 level. The main resistance could be $90. A successful close above the $90 resistance zone could set the pace for another steady increase. The next key resistance is $95. Any more gains might send the price toward the $102 level. Another Decline In SOL? If SOL fails to rise above the $88.80 resistance, it could continue to move down. Initial support on the downside is near the $84.50 zone. The first major support is near the $82.50 level. A break below the $82.50 level might send the price toward the $80 support zone. If there is a close below the $80 support, the price could decline toward the $74 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $84.50 and $82.50. Major Resistance Levels – $88.80 and $90.

Solana failed to settle above $90 and extended losses. SOL price is now consolidating losses below $85 and might struggle to start a recovery wave. SOL price started a fresh decline below $85 and $82 against the US Dollar. The price is now trading below $85 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $85.50 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $82 or $80. Solana Price Revisits $80 Solana price failed to remain stable above $90 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $88 and $85 support levels. The price gained bearish momentum below $83.50. A low was formed at $80.29, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $94.10 swing high to the $80.29 low. Solana is now trading below $85 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $85 level. There is also a key bearish trend line forming with resistance at $85.50 on the hourly chart of the SOL/USD pair. The next major resistance is near the $87.20 level or the 50% Fib retracement level of the downward move from the $94.10 swing high to the $80.29 low. The main resistance could be $88.80. A successful close above the $88.80 resistance zone could set the pace for another steady increase. The next key resistance is $95. Any more gains might send the price toward the $102 level. More Losses In SOL? If SOL fails to rise above the $85 resistance, it could continue to move down. Initial support on the downside is near the $82 zone. The first major support is near the $80 level. A break below the $80 level might send the price toward the $72 support zone. If there is a close below the $72 support, the price could decline toward the $65 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $82 and $80. Major Resistance Levels – $85 and $88.

As the broader crypto market retraces, Solana (SOL) has erased its recent gains despite strong institutional demand for investment products based on the cryptocurrency. Some analysts have now suggested that the altcoin risks a deeper pullback similar to its 2022 correction. Related Reading: Ethereum ETFs Record Best Single-Day Performance Since January With $169M Inflows Solana Loses Mid-Week Gains As Market Wobbles On Friday, Solana dropped 7% intraday to retest the $84 area again, retracing most of its intraweek gains. The cryptocurrency had been trading between $78-$88 since the early February crash, attempting to break out of its local range but ultimately failing. Amid the ongoing market volatility, driven by the US-Israel war with Iran, the altcoin jumped 13% on Wednesday, reaching a multi-week high of $94.05 before stabilizing between the $88-$92 area. Market observer Trader Tardigrade affirmed that Solana could target the $100 barrier if the breakout confirmed. He noted that the cryptocurrency was retesting the consolidation range breakout area as support, which could form a base for a climb to higher levels. Nonetheless, SOL’s price has now fallen back into its one-month accumulation range after failing to hold the breakout level on Friday morning. Rekt Capital observed that broader market conditions resemble early-stage Bear Market behavior, which could suggest Solana may be preparing for a deeper correction. Per the analysis, the altcoin has historically deviated below the $123.28 historical support when it was lost on the monthly timeframe. In 2022, after losing this level, SOL produced a deviation below it and traded below the $99.06 psychological level before rejecting from this area. Therefore, a new monthly close below both $123.28 and $99.06 could signal that these levels have been officially lost as support. However, it also opens the door to a rally back into them to retest them as resistance, similar to 2022. Shallow rebounds could lead to rejection from the $99.06 region quickly, he explained. Meanwhile, a stronger relief rally could allow Solana to revisit the $123.28 level before determining whether additional downside continuation is next. SOL ETFs ‘Defy Physics’ Despite its recent price decline, experts have emphasized the positive sentiment exhibited by traditional investors toward Solana, as evidenced by the performance of investment products that track the altcoin’s price. In an X post, Eric Balchunas, Bloomberg Intelligence Senior ETF Analyst, stressed that although the cryptocurrency’s price is currently 57% down from when its spot Exchange-Traded Funds (ETFs) first launched in July, the category has accumulated $1.5 billion in flows and has “not really given any of it up.” He noted that half of those inflows have come from institutional investors, which he deemed a “serious investor base” and “really good signs” for the category’s future. “In reality/history of ETFs launching into that kind of downturn is near impossible to get inflows. Most wouldn’t even make it to age one or two if they went down 57% in the first six months. Timing is very important. Solana is defying physics here,” he explained. Related Reading: Bitcoin Reclaims $73,000 Amid Iran War Volatility, But Analyst Issues Key Warning Additionally, he offered a broader perspective by adjusting SOL’s $50 billion market capitalization to Bitcoin’s (BTC) $1.4 trillion market cap. As he detailed, Solana ETFs have seen the equivalent of $54 billion in net new flows, approximately double what Bitcoin ETFs experienced at the same stage post-launch, when BTC was in an uptrend. However, it’s worth noting that the category experienced its first negative day in over a month on Thursday, with $5.23 million in outflows, according to SoSoValue data. Featured Image from Unsplash.com, Chart from TradingView.com

For most of Solana’s short history, meme coin trading defined a large chunk of its activity. That appears to be changing. According to a research note from Grayscale Investments, February’s record volume – $650 billion in stablecoin transactions – was driven by a move toward SOL–stablecoin trading pairs and real payment activity — not speculative bets on short-lived tokens. Related Reading: US Should Act On Bitcoin, Not Just Praise It, Ex-Advisor To Trump Says The network processed more transactions tied to practical money movement than at any point in its existence. The massive figure covers stablecoin transactions recorded on Solana during February 2026. It marks the highest monthly total ever logged on any blockchain — and it arrived in just 28 days. Grayscale’s data shows the number more than doubled the previous peak, which was set only four months earlier in October 2025. Low Fees Drive Small Payment Growth Standard Chartered had previously flagged Solana’s fee structure as a key reason the network was drawing payment-focused users. Low transaction costs make small transfers practical in a way that higher-fee blockchains cannot easily match. Developers have taken notice, building financial tools designed to run entirely on the internet, including micropayment systems that would be unworkable at higher cost per transaction. Stablecoins Power Blockchains Stablecoins — digital tokens pegged to currencies like the US dollar — have become one of the main engines of blockchain activity broadly. On Solana, they are increasingly being used to move money rather than to trade in and out of volatile assets. That distinction matters. Volume built on payments tends to be stickier than volume built on speculation, which can evaporate when market conditions shift. Solana now holds the fourth-largest stablecoin supply of any blockchain. Its ranking in USDC circulation is even more striking: second place, trailing only Ethereum. USDC is widely regarded as the stablecoin most favored by institutional users, which makes Solana’s position in that particular ranking significant. Ethereum Holds Its Ground On High-Value Assets The February data does not suggest Solana has overtaken Ethereum overall. According to figures from rwa.xyz, Ethereum carried $15.57 billion in tokenized real-world assets over the past 30 days. Solana’s comparable figure was $2 billion. Tokenized assets — which can include bonds, real estate, and other financial instruments brought onto a blockchain — represent the higher-value end of on-chain finance, and Ethereum remains the dominant platform for that segment. Related Reading: Iran’s Crypto Market Shaken As Outflows Skyrocket 700% What Solana appears to be winning is the retail and payments layer: fast, cheap, high-frequency transfers that add up quickly in volume even if individual transactions are small. Whether that translates into broader institutional adoption remains an open question, but February’s numbers give the network a data point it did not have before. Featured image from SOPA/Getty Images, chart from TradingView

Solana started a fresh increase above the $88 zone. SOL price is now consolidating above $90 and might aim for more gains above the $95 zone. SOL price started a fresh upward move above the $85 and $88 levels against the US Dollar. The price is now trading above $90 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $89 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $95 resistance zone. Solana Price Regains Traction Solana price started a decent increase after it settled above the $85 zone, like Bitcoin and Ethereum. SOL climbed above the $88 level to enter a short-term positive zone. The price even smashed the $90 resistance. The bulls were able to push the price above $92. A high was formed at $94.10, and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the recent upward move from the $82.50 swing low to the $94.10 high. Solana is now trading above $90 and the 100-hourly simple moving average. There is also a bullish trend line forming with support at $89 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near $92. The next major resistance is near the $95 level. The main resistance could be $100. A successful close above the $100 resistance zone could set the pace for another steady increase. The next key resistance is $108. Any more gains might send the price toward the $112 level. Downside Correction In SOL? If SOL fails to rise above the $92 resistance, it could start another decline. Initial support on the downside is near the $90 zone. The first major support is near the $88.50 level and the trend line or the 50% Fib retracement level of the recent upward move from the $82.50 swing low to the $94.10 high. A break below the $88.50 level might send the price toward the $84 support zone. If there is a close below the $84 support, the price could decline toward the $78 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $90 and $88.50 Major Resistance Levels – $92 and $95.