Solana Soars Above $90, Hammering Short Sellers
Solana (SOL) is staging a solid recovery after its sharp pullback from the January 2026 peak near $295. The altcoin has gained roughly 13% over the past week and is currently trading in the $92–$93 area as of Monday, March 16, 2026, reclaiming some short-term momentum after months of consolidation.
The bounce has put pressure on short sellers and is drawing renewed attention from traders and on-chain participants. Market-watchers will be watching whether SOL can sustain the rally and clear nearer-term resistance around $100, since a lasting move higher could boost DeFi and NFT activity on Solana and signal firmer risk appetite across altcoins. Conversely, failure to hold gains would likely reintroduce volatility and test support levels established after the January peak.