- Solana trades near $88 with open interest rising to $5.46B as momentum builds toward the $94 Supertrend level.
- Short liquidations exceed $11M in 24 hours as the ascending channel structure holds above $88 support.
- Solana joins Mastercard’s Crypto Partner Program with Ripple, Circle, PayPal and over 80 crypto firms.
Solana price today trades near $88.55, up 1.97%, pushing to a session high of $91.13 before pulling back as buyers build on the recovery that has carried price from the February lows near $68.
Daily Chart: SAR Flips Bullish As Supertrend Comes Into Range
SOL Daily Price Action (Source: TradingView)The daily chart shows the SAR printing below price at $81.85 for the first time since the October 2025 breakdown, a meaningful shift after months of the indicator sitting above as resistance. The Supertrend remains bearish at $94 and is the line in the sand. Price has tested it twice since February and been rejected both times. A third test is now setting up with more momentum behind it than either of the previous attempts.
The descending resistance trendline from the October peak near $260 continues to slope downward across the chart. Price needs to close above $94 on a daily basis to challenge that trendline meaningfully, which would represent the first real structural break in the downtrend that has defined SOL since last autumn.
Key daily levels:
- SAR support: $81.85
- Supertrend resistance: $94
- Next resistance above: $100
- Descending trendline: ~$97 to $100 range
30-Minute Chart: Rising Channel With MACD Confirming
SOL 30-Minute Price Action (Source: TradingView)The 30-minute chart shows a clean ascending channel from the March 9 lows near $81, with price tagging the upper boundary at $91.13 this morning before pulling back to the channel midline near $88.50. Both boundaries of the channel are well-defined, with the lower support currently sitting near $86 to $87 and rising.
Related: Render Price Prediction: RNDR Stabilizes After Months of Selling Pressure as Leverage Returns Gradually
RSI at 52.82 is holding above 50 with the signal line at 65.07, staying constructive after the morning spike. The MACD at -0.14 with signal at 0.56 and histogram at 0.70 shows the lines are tightening after a bearish cross, but the histogram is green and narrowing toward a potential recovery cross. A hold of the channel midline near $88 keeps the upper boundary retest at $91 to $92 as the immediate target.
Key 30-minute levels:
- Channel lower support: ~$86 to $87 rising
- Channel midline: ~$88.50
- Channel upper boundary: ~$91 to $92
- Supertrend target on daily: $94
Derivatives: Shorts Getting Squeezed As OI Builds
SOL Derivative Analysis (Source: Coinglass)Open interest climbed 5.73% to $5.46B while volume rose 16.35% to $15.09B, confirming fresh positioning entering the market rather than existing holders rotating. Options volume surged 141.50% to $19.23M, a sharp jump that reflects growing directional interest as price approaches the $94 Supertrend level that would trigger a trend change on the daily chart.
The Binance long/short ratio sits at 1.67 for accounts and 1.92 for top trader accounts, with top trader positions at 1.40. The liquidation data is the clearest signal of what is happening under the surface. Over 24 hours, shorts absorbed $11.19M against $2.49M for longs. The squeeze is not subtle, and a push above $91 to $92 could force a second wave of short covering that carries price directly into the $94 Supertrend.
Solana Joins Mastercard’s Crypto Partner Program
Mastercard launched its Crypto Partner Program in March 2026 as a collaboration hub bringing together more than 85 crypto companies, payment providers, and financial institutions. The program is built around developing practical payment use cases including cross-border remittances, business-to-business payments, merchant settlement, and consumer crypto payments. Participants work directly with Mastercard teams on future products combining blockchain speed with traditional card-network rails.
Solana’s inclusion alongside Ripple, Circle, PayPal, Polygon, Binance, Gemini, Paxos, and Ava Labs positions the network as a serious payments infrastructure contender rather than a purely speculative asset. For a blockchain that processes thousands of transactions per second at sub-cent fees, the fit with Mastercard’s commerce infrastructure is logical. The program gives Solana direct access to Mastercard’s global merchant network and signals that institutional payment infrastructure builders are treating SOL as a viable settlement layer.
Outlook: Will Solana Go Up?
- Bullish case: SOL holds the 30-minute channel midline at $88.50, retests the channel upper boundary at $91 to $92, and breaks the daily Supertrend at $94 on a closing basis. That would be the first confirmed trend change signal since November 2025, with the $100 level as the next meaningful target above. The Mastercard partnership provides a fundamental catalyst that could sustain momentum beyond a purely technical breakout.
- Bearish case: Rejection at the $91 to $92 channel upper boundary sends price back toward the $86 to $87 channel lower support. A break below $85 invalidates the ascending channel and brings the daily SAR support at $81.85 back into play, with the $78 to $75 range exposed below that.
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-sol-targets-94-supertrend-after-mastercard-partnership/
