Price Analysis View Non-AMP

Solana Regains Momentum, Wil SOL make it to $100 this cycle

Published by
Mustafa Mulla

Solana, after a Volatile ride, shows some stability and signs of strength. Although SOL price is down 30% since the start of 2026, exchange inflows have increased network activity, and buyers’ interest keeps it on the Hot list. 

Broder Sentiment looks cautious for Solana.

The Fear and Greed Index for Soalna is at 27, which shows the traders are still in sell mode. Good for patient traders. As seen, the derivatives indicator ‘ the funding rate’ of Solana sits in the negative zone for 21 consecutive days. Making short positions traders compensate long ones. 

The Open Interest of Solana was $7.5B in September 2025, and currently floating at $1.9 billion, the lowest so far in March. Approxes to a 70% dump.  Reducing open interest loosens the short-term price recovery strength. 

Exchange Inflow of Solana coins continues to increase. As seen on Feb 10, there was an exchange inflow of 245,691 SOL, which by March 10 has been recorded as 2,204,783, approximated to 800% surge. 

Increased Network Activity

Despite the above fundamental impacts, Solana has shown massive growth in stablecoin transfers. Last month, in Feb 2026, Solana executed $650B in stablecoin transfers. 

The network is still usage can also be seen in unimpacted developers’ activity. With the intervention of AI, developers’ commits on GitHub have declined across the network, excluding Ethereum and Solana.  

Also, as we see the growth in Institutional interest, SOL Spot ETF now has net inflow above $950M, with holdings of about 1.6% of the circulating Supply in ETFs. 

SOL/USDT Technicals Look Corrective

At press time, the Solana price is at 86.7, gaining 2% in 24h. SOL has rejected the resistance at $87 to $91. Right now, the price is above the 7-day moving average ( $85.91) and 20-day moving average ( $84.54. Showing short-term recovery. RSI at 51 represents a neutral momentum, and MACD shows consolidation. 

SOLUSDT

Key support forming around $82, that aalligns with the key Fibonacci retracement level. The strong resistance at $90, $92.11, and $94. If the 3rd resistance is broken, Solana will spike to $100. 

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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