Key Highlights
- SOL currently trading between $63–$65 following a rebound from the critical $60 support level
- TD Sequential indicator has triggered a buy signal, suggesting potential upside toward the $77 price target
- Relative Strength Index dropped to 28, indicating deeply oversold conditions, though MACD suggests seller dominance persists
- Mastercard has incorporated Solana into its newly launched “Agent Pay” AI-driven payment infrastructure designed for autonomous machine transactions
- Critical price zones to monitor: $70–$76 for bullish confirmation, $60.52 as crucial support threshold
Solana (SOL) is currently consolidating in the $63–$65 range following an aggressive downturn that pushed the cryptocurrency toward the $60 threshold. While a modest bounce of more than 5% has materialized, the overall market structure continues to face headwinds.
Currently, SOL is changing hands around $64.96 with trading volume reaching $2.67 billion over the past 24 hours and maintaining a market capitalization of $37.65 billion.
The Fear & Greed Index plummeted to an extreme fear level of 10 throughout the recent correction. Bitcoin’s market dominance holds steady at 57%, indicating that investors are maintaining defensive positions and capital rotation into alternative cryptocurrencies such as SOL has yet to materialize.
SOL is currently positioned 11% beneath its 20-day exponential moving average and over 17% below its 50-day EMA. The 200-day EMA rests at $105. Every significant moving average exhibits a downward trajectory.
The daily Relative Strength Index touched 28.42, signaling extremely oversold market conditions. The token is trading marginally above the lower Bollinger Band threshold at $60.52, a zone that has historically preceded short-term mean reversion movements.
Market analyst Don (@DonWedge) posed a direct question to his community: “Do you think the bottom for $SOL is in already?” — reflecting the prevailing uncertainty among market participants.
do you think the bottom for $SOL is in already? pic.twitter.com/Bp1ry0xYSm
— Don 🐂 (@DonWedge) June 10, 2026
Chart Indicators Suggest Potential Trend Reversal
Cryptocurrency technical analyst Ali Charts identified a TD Sequential buy signal forming on Solana’s price chart. This technical tool is designed to detect potential exhaustion points in downward momentum. While it doesn’t provide guaranteed outcomes, it indicates that momentum dynamics may be transitioning.
I’m seeing a new TD Sequential buy signal on Solana $SOL.
If it plays out, a move to the $77 resistance cluster could be next. https://t.co/SU52UyvHWJ pic.twitter.com/ROKs2mItYh
— Ali Charts (@alicharts) June 9, 2026
Should this signal prove valid, SOL may advance toward the $77 resistance area, representing a significant supply zone for the asset. However, this scenario requires a decisive breach above the $70–$76 range initially.
The MACD indicator is displaying a transition away from pronounced bearish momentum toward a potential bullish crossover. The histogram is trending positively, though market observers emphasize that buyer conviction remains subdued.
Examining the hourly timeframe, SOL is range-bound between $65.71 and $68.04. Immediate resistance is located at $67.62. The hourly 200 EMA positioned at $69.51 represents the minimum threshold bulls must recapture to establish a credible technical foundation.
Mastercard Incorporates Solana Into AI-Driven Payment Infrastructure
Mastercard has unveiled “Agent Pay for Machines,” an innovative platform enabling AI agents to execute autonomous payments utilizing both traditional cards and stablecoins. Solana has been directly integrated into this ecosystem.
The platform merges conventional banking systems with blockchain technology to facilitate instantaneous, machine-to-machine financial transactions operating independently of human intervention.
Solana’s high throughput and minimal transaction fees position it as an efficient settlement infrastructure for these applications. This integration demonstrates expanding practical adoption of the Solana ecosystem extending beyond speculative trading activity.
ETF outflows continue to weigh on SOL’s price action. Until capital flows demonstrate reversal patterns, downside vulnerability remains pronounced around the $60 support zone.
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