The post Solana Leads Stablecoin Volume With 36% Share as $92 Level Looms appeared on BitcoinEthereumNews.com.

Solana has captured a major share of the blockchain stablecoin market, signaling growing activity across its ecosystem. Data from Allium Labs shows Solana leading all networks in adjusted stablecoin volume for February. After filtering out wash trading and internal exchange flows, Solana recorded 36% of total market share. This development places it ahead of Ethereum, which held 30%, while Tron and Base followed with 15% and 11%.  Consequently, the surge in stablecoin activity highlights increasing demand for Solana’s fast and low-cost infrastructure. Moreover, the rising on-chain volume arrives as traders closely watch the token’s price structure for the next major move. As of press time, Solana trades around $87, with a market capitalization approaching $50 billion. Additionally, daily trading volume recently exceeded $4 billion, reflecting continued investor participation.  Although the token declined nearly 6% during the past week, it gained modestly during the last day. Hence, the market now appears to sit in a period of consolidation as traders evaluate the next directional move. Tight Bollinger Bands Signal Volatility Ahead Technical indicators suggest that Solana may soon experience a sharp price shift. Market analyst Ali Martinez highlights a tightening of Bollinger Bands on the daily chart. This pattern often appears when volatility declines before expanding again. Consequently, traders frequently interpret such squeezes as a signal that a significant move may follow. The chart shows Solana recovering from a prolonged downtrend and stabilizing near $86. Additionally, price action currently sits between strong support around $81 and resistance close to $92. This narrow range reflects balance between buyers and sellers.  If Solana breaks above $92, momentum could push the price toward the $100 psychological level. However, a decline below $81 may open a path toward the $75 support zone. Liquidation Levels Create Short-Term Pressure Market positioning may also amplify volatility. Analyst CW8900…

---

Filed under: News - @ March 12, 2026 2:29 pm