Solana just squeezed the bears, reclaiming the $90 level and forcing $14.43 million in short liquidations in a single violent move. The Solana price is currently hovering between $92 and $93, creating a tense standoff between momentum traders and the 50-day moving average. The trade now hinges on a single number: does SOL punch through $94.17 to ignite a run to $110, or is this a classic bull trap setup?
When Solana pushed past $90, it triggered a cascade of buy orders from short sellers scrambling to exit their positions.
$14.43 million of the total $15.50 million in liquidations came from shorts. That suggests the bears were overleveraged and wrong-footed by the sudden specifically SOL price strength. Institutional flows backed this move, with SOL-dedicated ETFs pulling in $10.70 million over the last week, $7.60 million of which arrived in a single Friday session.
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Solana Price Reclaims $90: What the Liquidation Data Actually Means
🚨 BREAKING: SOLANA FLASHES FIRST BULLISH SIGNAL SINCE JANUARY $SOL SuperTrend indicator turns bullish for first time in 2 months after losing 62% since October. Analyst signals potential trend reversal as recent gains build momentum for major market rally. pic.twitter.com/4yliagnWEz
— BSCN (@BSCNews) March 14, 2026
Technically, the bulls have one major boss fight remaining. The 50-day Exponential Moving Average (EMA) sits right at $94.17. This is the line in the sand. A daily close above this level clears the path toward the 100-day EMA at $109.58, validating the Solana price forecast targeting $100 in March.
Momentum indicators are playing ball. The RSI is currently reading 58, which is bullish territory without being overheated. It is a stark contrast to previous weeks, where Solana RSI oversold conditions signaled a relief rally was imminent. Now that the bounce is here, volume is not optional. Futures Open Interest has jumped 7% to $5.57 billion, showing that traders are piling back in to catch the next leg up.
But, if Solana fails to close above $94.17 this week, the breakdown could be fast. The immediate support sits at $88.25, but that floor is thin.
A confirmed close below $88 opens the trapdoor straight to the $82.67 level. There is very little liquidity to catch a falling knife between those two price points. If the crypto market analysis turns bearish and Bitcoin stumbles, SOL’s high beta correlation means it will likely fall harder and faster than the market leader.
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Bitcoin Hyper Offers Enhanced Bitcoin Functionality During Market Uncertainty
They want to sprint. Hypers here to finish. ⚡️🔥https://t.co/VNG0P4GuDo pic.twitter.com/BcK2IJ07te
— Bitcoin Hyper (@BTC_Hyper2) March 2, 2026
The dev team behind Bitcoin Hyper (HYPER) is building a Layer 2 network for Bitcoin that could become the fastest option for BTC holders looking for a solution to their favorite crypto’s long-standing pain points.
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Taking part in the HYPER presale involves a few simple steps. After you visit the official Bitcoin Hyper site, you can connect your crypto wallet immediately and start swapping ETH, SOL, BNB, USDC, or USDT for HYPER tokens.
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For regular updates and announcements, follow Bitcoin Hyper on X and join the official Telegram group.
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Key Takeaways
- A daily close above $94.17 for Solana price confirms the breakout and targets $109.58 next.
- Losing the $88 support level opens a trapdoor directly to $82.67.
- Sustained recovery requires Bitcoin to hold steady; SOL rarely diverges from BTC for long.
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