The post Bulls Target $94 Supertrend as ETFs Hold $1.5B appeared on BitcoinEthereumNews.com. Solana trades at $86.21, up 1.47%, holding above ascending trendlineThe post Bulls Target $94 Supertrend as ETFs Hold $1.5B appeared on BitcoinEthereumNews.com. Solana trades at $86.21, up 1.47%, holding above ascending trendline

Bulls Target $94 Supertrend as ETFs Hold $1.5B

2026/03/10 18:56
4 min di lettura
Per feedback o dubbi su questo contenuto, contattateci all'indirizzo crypto.news@mexc.com.
  • Solana trades at $86.21, up 1.47%, holding above ascending trendline support as RSI climbs to 58.55.
  • Open interest rises 0.91% to $5.10B while volume surges 22.82% to $13.52B, with shorts absorbing $6.83M in liquidations.
  • SOL spot ETFs hold $1.5B in net inflows despite a 57% price decline, with 50% from institutional 13F filers.

Solana price today trades near $86.21, up 1.47%, as buyers defend an ascending trendline that has held since the late-February lows near $75. The daily chart remains bearish with all four EMAs stacked above price, but short-term structure is improving and derivatives data supports the move.

SOL Price Dynamics (Source: TradingView)

The daily chart tells the full story. Solana completed a head and shoulders breakdown from the September 2025 peak near $260, with the pattern confirming the downtrend that has since erased more than two thirds of its value. The 20-day EMA at $85.92, 50-day at $95.44, 100-day at $112.25, and 200-day at $133.27 form a descending resistance ladder above price. Reclaiming the 20-day is the first real test, and that is exactly what price is attempting today.

1-Hour Chart: SAR Flips As RSI Builds Momentum

SOL 1-Hour Price Action (Source: TradingView)

The Parabolic SAR has flipped to support at $84.88 while RSI sits at 58.55, trending higher alongside price without hitting overbought territory yet. The ascending trendline from February lows holds near $82, containing every pullback since the bottom.

Breaking $87 to $88 with volume clears the path toward the $94 Supertrend on the daily chart. That level has capped every recovery since November 2025 and flipping it bullish would be the first genuine trend change signal SOL has produced in months.

Key levels:

  • Trendline support: ~$82 rising
  • SAR support: $84.88
  • Resistance: $87 to $88
  • Supertrend target: $94

Derivatives: Short Squeeze Already Underway

SOL Derivative Analysis (Source: Coinglass)

Open interest climbed 0.91% to $5.10B as volume rose 22.82% to $13.52B, confirming fresh positioning rather than thin-market noise. The Binance long/short ratio sits at 2.38 for accounts and 2.59 for top traders, a meaningful bullish lean without dangerous overleveraging.

Short liquidations hit $6.83M against $2.23M for longs over 24 hours. The squeeze is already happening, and a push above $88 could trigger a second wave of forced short covering that accelerates the move toward $94.

ETF Institutions Are Sitting On Losses And Not Selling

Bloomberg ETF analyst Eric Balchunas noted on March 10 that SOL spot ETFs accumulated $1.5B in net inflows since launching in July 2025 without giving any back, even as price fell 57% from the launch date. Half those assets come from institutional 13F filers, a regulated, patient investor base sitting on unrealised losses and holding position.

When price recovers and the Supertrend flips, that demand does not need to be rebuilt from scratch. It is already in place, and it represents a structural floor that purely technical analysis would miss entirely.

Outlook: Will Solana Go Up?

  • Bullish case: SOL holds the ascending trendline, reclaims $85.92 on a daily close, and breaks $87 to $88 resistance. That targets the $94 Supertrend flip, with continuation toward $112 if momentum holds.
  • Bearish case: Rejection at $87 to $88 breaks the trendline and exposes $80. Failure there brings the $75 to $76 lows back into play, with limited technical support until the $60 to $65 zone.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source: https://coinedition.com/solana-price-prediction-bulls-target-94-supertrend-as-etfs-hold-1-5b/

Opportunità di mercato
Logo Ucan fix life in1day
Valore Ucan fix life in1day (1)
$0.0004572
$0.0004572$0.0004572
+2.99%
USD
Grafico dei prezzi in tempo reale di Ucan fix life in1day (1)
Disclaimer: gli articoli ripubblicati su questo sito provengono da piattaforme pubbliche e sono forniti esclusivamente a scopo informativo. Non riflettono necessariamente le opinioni di MEXC. Tutti i diritti rimangono agli autori originali. Se ritieni che un contenuto violi i diritti di terze parti, contatta crypto.news@mexc.com per la rimozione. MEXC non fornisce alcuna garanzia in merito all'accuratezza, completezza o tempestività del contenuto e non è responsabile per eventuali azioni intraprese sulla base delle informazioni fornite. Il contenuto non costituisce consulenza finanziaria, legale o professionale di altro tipo, né deve essere considerato una raccomandazione o un'approvazione da parte di MEXC.

Potrebbe anche piacerti

USD/CAD Consolidation Holds with Firm Support – Scotiabank’s Crucial Analysis

USD/CAD Consolidation Holds with Firm Support – Scotiabank’s Crucial Analysis

BitcoinWorld USD/CAD Consolidation Holds with Firm Support – Scotiabank’s Crucial Analysis The USD/CAD currency pair continues to exhibit a phase of consolidation
Condividi
bitcoinworld2026/03/11 01:55
Shiba Inu Price Forecast: Why This New Trending Meme Coin Is Being Dubbed The New PEPE After Record Presale

Shiba Inu Price Forecast: Why This New Trending Meme Coin Is Being Dubbed The New PEPE After Record Presale

While Shiba Inu (SHIB) continues to build its ecosystem and PEPE holds onto its viral roots, a new contender, Layer […] The post Shiba Inu Price Forecast: Why This New Trending Meme Coin Is Being Dubbed The New PEPE After Record Presale appeared first on Coindoo.
Condividi
Coindoo2025/09/18 01:13
ASIC Grants Stablecoin Distributors Regulatory Exemption in Australia

ASIC Grants Stablecoin Distributors Regulatory Exemption in Australia

The post ASIC Grants Stablecoin Distributors Regulatory Exemption in Australia appeared on BitcoinEthereumNews.com. Key Points:ASIC grants class relief for stablecoin intermediaries.Streamlines regulatory compliance for industry intermediaries.Potential for increased institutional stablecoin activity. The Australian Securities and Investments Commission (ASIC) granted a regulatory exemption on September 18 for stablecoin intermediaries, allowing distribution without separate financial services licenses within Australia. This exemption provides regulatory clarity, reducing compliance costs, and potentially increasing institutional stablecoin activity under AFS-licensed issuers, signaling upcoming broader reforms in Australia’s digital asset space. ASIC Exempts Stablecoin Providers from Additional Licensing ASIC has provided class exemption for stablecoin intermediaries, allowing them to distribute cryptocurrencies issued by licensed Australian institutions without needing separate financial services licenses. This measure helps address Australia’s regulatory challenges in the stablecoin sector. Intermediaries can now distribute stablecoins through licensed channels without additional AFS licenses, lowering operational barriers. The relief maintains issuer liability while mandating product disclosure to ensure transparency in the market. “The first-of-its-kind relief exempts intermediaries from the requirement to hold separate AFS, Australian market, or clearing and settlement facility licences when providing services related to stablecoins issued by an AFS licensee.” — ASIC Official Statement, Australian Securities and Investments CommissionBlockchain APAC CEO Steve Vallas described this move as a temporary transition toward broader reforms. Official reports emphasize that the exemption does not alter stablecoin classification as financial products. Potential Market Reforms and Global Impact Did you know? Australia’s decision marks its first major regulatory shift to boost stablecoin market efficiency while retaining oversight on financial offerings. Ethereum (ETH) is trading at $4,590.38, with a market cap of formatNumber(554077831078, 2) and 13.53% market dominance. Recent data from CoinMarketCap indicates a 2.25% price increase in 24 hours and an 82.78% rise over the past 90 days. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 05:36 UTC on September 18, 2025. Source: CoinMarketCap The Coincu research team posits that this exemption may…
Condividi
BitcoinEthereumNews2025/09/18 14:25