Solana is testing a multi-year trendline, which has catapulted SOL by more than 1,000 percent to new all-time highs every time it has rebounded off of it. This event comes after the Solana network partnered with Mastercard for AI agent payments. In addition, Solana has also accelerated the real-world asset adoption in Q1 of 2026.
SOL loses 200-day MA on daily chart
Priced at $64, Solana does not seem to be doing good. It lost a major support level, the 200-day MA, which is a long-term indicator that traders look at before entering the market. Not only did SOL lose this support level, but the relative strength index also shows that prices are currently oversold or undervalued.
Solana network partners with Mastercard
Following Solana’s partnership with Mastercard through the Agent Pay for Machines initiative, AI agents will be able to conduct automated payments across Mastercard’s infrastructure using stablecoins and other payment rails. Solana is one of the blockchain networks supporting the ecosystem, helping enable machine-to-machine transactions at scale.
Solana network claims 17% of RWA market
Solana is also performing well in the real-world asset sector. According to Galaxy research, RWAs on Solana grew 58% QoQ to over $2.5B, and Solana’s TVL claims 17% of the RWA market. In addition, it has also shown massive growth in multiple categories such as BlackRock’s BUIDL, xStocks’ tokenized equities, home-equity loans, etc.
If SOL spikes by 1,000%, it could hit $300
Although the daily chart shows weakness, SOL is currently testing the multi-year trendline as shown in the chart above. Since 2023, SOL has been respecting this trendline, and the prices have never once breached it for the last three years. On top of that, every single time SOL reached this trendline, there was a major spike in prices.
Back in July 2023, SOL touched this trendline, and the prices catapulted to above $250. Currently, SOL is testing this trend line, and given that there is a spike like last time, the prices can easily hit $300 and above.
