Solana Rises 11% to Intraday High of $88.89 as Crypto Market Adds $32 Billion

Solana rose 11% to an intraday peak of $88.89 on Sunday, reversing a two-day slide that had brought the price to $77.13 on Feb. 28, CoinGecko data show. The cryptocurrency market rebounded by roughly $32 billion in value after losing about $128 billion the previous day. SOL traded near $85.30 at press time, up 9.22% over 24 hours. Analysts are watching $105 as a key resistance area near the daily 50-day moving average and $76 as a crucial short-term support zone, with Alicharts noting a potential flag pattern that remains valid only while the price stays above that level. Ecosystem activity also picked up as Payments.org launched to expand stablecoin use cases, SoFi enabled Solana deposits, Tether Gold seven-day volume on the network reached $78 million, and Standard Chartered's Geoffrey Kendrick said stablecoin micropayments could aid long-term growth while trimming his 2026 SOL price target to $250 from $310.