Solana Signals Potential Bounce From $90 Support as Stablecoin Liquidity Reaches New High

• Solana dropped toward $90 following hotter than expected U.S. inflation data.
• Stablecoin supply on Solana hit a record $15.7 billion.
• Continued ETF inflows provide underlying support for a potential rebound.

Solana price came under pressure, falling close to 4–5% toward the $90 level after stronger than expected U.S. inflation data raised concerns about delayed interest rate cuts.

The decline reflects broader market caution as investors reassess macroeconomic conditions ahead of the Federal Reserve’s policy decision.

The selloff followed fresh data from the U.S. Bureau of Labor Statistics, which showed that producer prices rose faster than expected. Headline PPI increased 0.6%, while core PPI climbed 0.3%, both exceeding forecasts.

This reinforced expectations that the Federal Reserve may keep interest rates elevated for longer. Market participants are now pricing in a near certain pause, with odds above 99%.

Rising oil prices and geopolitical tensions, including disruptions around the Strait of Hormuz, have added further pressure to risk assets, including cryptocurrencies.

Strong Fundamentals Support SOL

Despite the short term weakness, Solana’s underlying metrics remain strong.

The total stablecoin supply on the network recently reached a record $15.7 billion, indicating significant liquidity waiting on the sidelines. Historically, rising stablecoin supply has been associated with increased buying activity during market dips.

Additionally, spot Solana ETFs have recorded consistent inflows, attracting over $127 million across six consecutive weeks, signaling sustained institutional interest. 

From a technical perspective, Solana continues to hold an ascending trendline that has acted as dynamic support since early February.

Indicators such as MACD show upward momentum, while the Aroon Up indicator remains significantly higher than Aroon Down, suggesting underlying bullish strength.

As long as the $90 support level holds, Solana could attempt a rebound toward higher resistance levels.

However, a breakdown below the $80 psychological support would weaken the current structure and potentially trigger a deeper correction.

While macroeconomic pressures have pushed Solana lower, strong on chain fundamentals and steady institutional inflows continue to support the broader outlook.

The $90 level remains critical, with price action around this zone likely to determine whether Solana rebounds or extends its correction in the near term.