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Steve Muchoki

Solana breaks falling trendline as Open Interest climbs above $5.4 billion on March 13, 2026

On March 13, 2026, Solana's price broke out of a falling trendline after five weeks of sideways movement, with the token trading around $89.18 and gaining over 4% in 24 hours. At the same time, Open Interest in Solana derivatives rose more than 5% to about $5.46 billion, while its TVL reached roughly $6.917 billion and stablecoin market cap expanded to $15.64 billion. Recent net inflows of $5.58 million into U.S. spot SOL ETFs over two days pushed their assets to $824.87 million, underscoring the network's strengthening bullish momentum.