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

Solana Structure Fractures: Accumulation In Spot Clashes With Derivatives Selling Pressure

Celo Core Co. has proposed transferring 160 million CELO to Opera, aiming to 
convert a high-performing partnership into a long-term, incentive-aligned 
network stake. Opera’s Minipay Success Spurs Celo’s Largest Governance 
Proposal Yet The proposal, published Thursday on the Celo Forum, outlines a 
one-time allocation from the protocol’s unreleased treasury to an Opera- 
controlled Safe, replacing recurring […]

Celo Proposal Aims to Hand Browser Firm Opera 160M CELO to Cement Long-Term Stakeholder Role

Elon Musk has once again taken to X to share a post about Dogecoin, mimicking 
one of the most famous scenes from the blockbuster movie &#8220;The Godfather.&#8221; In a 
March 19 X post, the X owner and a long-time advocate…

Musk posts about Dogecoin again, will the leading meme coin breakout?

Strive&#8217;s Bitcoin accumulation strategy highlights a shift towards digital 
assets in corporate finance, potentially influencing institutional investment 
trends.
The post Vivek Ramaswamy’s Strive acquires 317 Bitcoin, moving into top 10 BTC 
holders appeared first on Crypto Briefing.

Vivek Ramaswamy’s Strive acquires 317 Bitcoin, moving into top 10 BTC holders

Animoca Brands has taken a direct stake in AVAX and teamed up with Ava Labs to 
expand Avalanche’s reach across Asia and the Middle East, signaling a fresh 
push into institutional and regional blockchain adoption. Ava Labs Partners 
With Animoca to Scale Subnet Ecosystem Worldwide Animoca Brands, a Hong Kong- 
based Web3 investor with a portfolio […]

Cryptocurrency price in TWD