Based on the latest market data as of March 5, 2026, here is an in-depth analysis of Solana (SOL):

1. Current Price & Recent Trends
Current Price: SOL is trading around $91.88 (approximately Rp1,527,583).
24-Hour Movement: Experiencing quite dynamic daily fluctuations with an increase of about 7.6% from the previous low, despite some selling pressure.
Market Capitalization: Reaching $52.24 billion, making Solana the 7th largest cryptocurrency asset in the world.

2. Technical Analysis (Sentiment March 2026)
Entering March, Solana shows signs of recovery after a consolidation period in February:
Key Level: The $77 area has become a critical support level(. If the price can stay above this level, the next resistance target is around )- $120.
Indicators: Open interest in the futures market $100 futures( indicates accumulation of positions by traders, signaling expectations of short-term price increases.
Reversal Setup: A technical recovery pattern )such as an 11% surge in early March( has been detected, potentially reversing the negative trend from the previous month.

3. Mid-Term Projections )2026(
Analysts have varying outlooks for the remainder of 2026:
Bullish Scenario: Some financial institutions like Standard Chartered project a target price of around $250, driven by institutional adoption through Solana Spot ETFs.
Moderate Scenario: Analyses from platforms like Changelly and Flitpay estimate an average annual price in the range of )- $289.
Driving Factors:
Solana ETF: Approval of new ETFs from issuers like Bitwise and Fidelity is expected to significantly increase capital inflows.
Ecosystem: Growth in the DeFi sector $121 Total Value Locked( and practical applications like Solana Pay are key catalysts.

4. Risks to Watch
Selling Pressure: A decline in TVL )Total Value Locked( within the dApps ecosystem could hinder sustainable price growth.
Volatility: Sharp price fluctuations )such as a 30% drop in the previous month( indicate that market risks remain high. )(