Kraken Observes Solana’s Bullish Momentum as SOL Surges 7% Amid Market Recovery
On March 18, 2026, Solana's native token, SOL, demonstrated a significant price rally, climbing over 7% to reach $97.67. This surge aligns with a broader recovery across the cryptocurrency market, signaling a potential shift in investor sentiment. The Solana network itself has shown robust fundamental growth, with its total value locked (TVL) experiencing a notable 25% increase over the past month. This metric is a strong indicator of renewed confidence and capital flowing back into the Solana ecosystem's decentralized finance (DeFi) applications. From a technical analysis perspective, SOL is currently trading above its key moving averages, which is typically interpreted as a bullish signal. A distinct bullish trend line has formed around the $94 support level, providing a foundation for the recent upward movement. The immediate and significant resistance level is observed near the psychological barrier of $100. Market analysts suggest that a decisive and sustained break above this $100 mark could open the path for SOL to target the next major resistance zone around $112. This recent price action represents a remarkable 40% rebound from the lows experienced in February 2026, highlighting a strong recovery trajectory. The Relative Strength Index (RSI), a momentum oscillator, is also indicating conditions that often precede continued bullish movement, though traders on platforms like Kraken are advised to monitor it for overbought signals. The combination of strong network fundamentals—evidenced by the TVL growth—and positive technical structure presents a compelling case for Solana's ongoing recovery. For traders and investors on Kraken and other exchanges, the key levels to watch are the $94 support, the $100 resistance, and the potential $112 target, as the market continues to assess the sustainability of this uptrend within the larger crypto market context.
Solana (SOL) Price Surges 7% as Market Recovers
Solana's SOL token rallied sharply, climbing over 7% to $97.67 amid a broader crypto market uptick. The network's total value locked surged 25% monthly, signaling renewed investor confidence.
Technical indicators show SOL trading above key moving averages with a bullish trend line forming at $94. Resistance looms near $100—a decisive break could propel prices toward $112.
The rally marks a 40% rebound from February lows as the RSI exits oversold territory. Market participants now watch whether SOL can sustain momentum above the psychologically crucial $100 level.
Pi Network Launches Protocol 20 Mainnet Upgrade
Pi Network has deployed its Protocol 20 Mainnet upgrade, introducing programmable smart contracts to enable decentralized applications, NFTs, and subscription services. Founded in 2019 by Stanford alumni Nicolas Kokkalis and Chengdiao Fan, the network now boasts 17.7 million verified users.
Following listings on exchanges such as Kraken, Pi's token trades around $0.1735, with a market capitalization of $1.7 billion. The development team underscores rigorous testing and security audits before expanding utility features.
