Solana

Solana's price dropped from above $90 and moved below $88, $85 and $82, reaching a low near $80.29. SOL is now trading under $85 and the 100-hour simple moving average, with resistance seen around $85, $87.20 and $88.80. If buyers can hold the $82 and $80 support zones, the price could attempt a recovery toward $95 or even $102.

Over the past week, Bitcoin failed to clear the $74k resistance and retraced 8.9%, fueling pronounced volatility among medium-cap altcoins. OKB surged from $77 to $120 after its parent exchange received a $25 billion valuation, while Pi Network’s token broke key resistances and flipped its long-term trend. In contrast, Cardano fell 9.61% amid renewed criticism of its onchain activity and WLFI dropped 14% after a large team token sale, as traders watched BTC approach the $63k-$65k demand zone.

In early March 2026, Bitcoin ETFs shifted from more than $1.14 billion in inflows to hundreds of millions in daily outflows as large holders locked in profits. Ethereum, Solana, and XRP products mirrored this reversal, with major withdrawals from funds such as Fidelity's FETH and FSOL. At the same time, 21Shares listed the first U.S. spot Polkadot ETF and Morgan Stanley advanced its Bitcoin Trust filing, signaling ongoing institutional expansion despite short-term caution.

On March 8, 2026, Kraken introduced its Kraken xChange platform, providing a unified layer for tokenised equities on Ethereum and Solana. The venue supports trading of more than 70 tokenised stocks that are fully collateralised one-to-one with underlying shares, and offers atomic settlement, on-chain transfers and extended trading hours.

On 6 March 2026, BitGo CEO Mike Belshe argued that crypto-native custodians have a built-in edge over traditional banks that combine trading and custody. BitGo derives over 80% of its revenue from custody and staking fees, holds $104 billion in assets for more than 4,900 institutional clients, and operates under a U.S. federal banking charter. Belshe positions BitGo as core infrastructure for digital assets, supporting products like SoFiUSD and tokenizing its own shares on Ethereum, Solana, and BNB Chain.

As the crypto market pulls back, Solana has surrendered its recent rally, slipping 7% on Friday to revisit the $84 zone after briefly touching $94.05 earlier in the week. Analysts highlight that SOL has fallen back into its $78–$88 range and warn that a monthly close below $123.28 and $99.06 could mirror its 2022 downside pattern. At the same time, spot Solana ETFs remain resilient, with $1.5 billion in inflows and roughly half coming from institutional investors despite the token trading 57% below its July launch level.

Perplexity AI has issued price projections for XRP, Solana and Shiba Inu, mapping out potential upside through the end of 2026. Its scenario sees XRP moving from about $1.36 toward $10, Solana climbing from roughly $84 to around $700, and SHIB advancing from near $0.000005359 toward $0.00008 if key resistance breaks. The analysis links these forecasts to factors such as ETF developments, tokenization activity on major networks and meme coin market cycles.

Solana’s Total Payment Volume surged 755.3% year-over-year, with institutions, merchants, and stablecoin issuers increasingly using the network for payments. Visa, Stripe, Worldpay, and Gusto are piloting Solana-based USDC flows, while median fees near $0.0004 and 392 ms block times support rapid, low-cost settlement. Stablecoins and onchain credit platforms are replacing parts of traditional wire transfers and extending Solana’s role beyond speculative trading.

On March 5, U.S. spot Bitcoin ETFs saw net redemptions of $227.9 million following a prior session of strong inflows. Ethereum funds registered $90.9 million in outflows, while Solana ETFs lost $6 million, as Bitcoin traded around the $71,000 area and broader crypto markets retreated. The largest withdrawals came from products issued by BlackRock and Fidelity, underscoring choppy institutional demand for crypto ETFs.

On 6 March 2026, the global crypto market capitalization retreated to about $2.41 trillion, a decline of roughly 1.7% over the previous 24 hours. Bitcoin hovered around $71,008 after falling close to 1.9% on the day but still holding a weekly gain of nearly 5%. Major altcoins such as Ethereum, BNB, XRP, and Solana also traded lower as sentiment stayed cautious, with the Fear & Greed Index at 25 and analysts pointing to a short-term consolidation phase.