Solana Holds the $60 Line as Mastercard's AI Payments Push Adds Fresh Tailwinds

Solana (SOL) is stabilizing after a sharp selloff, with buyers repeatedly defending the $60 area. The token is trading in the mid-$60s after briefly sliding to that support earlier in the week and rebounding more than 5%, though broader risk-off pressure continues to shape direction across the crypto market. SOL recently changed hands around $63–$65, with strong daily turnover of about $2.67 billion. Its market capitalization stands near $37.65 billion. Sentiment remains fragile: the Fear and Greed Index sank to extreme fear around 10 during the latest downturn. Bitcoin dominance is holding near 57%, limiting rotation into altcoins. Technicals still reflect heavy damage. SOL is roughly 11% below its 20-day EMA and about 17% under the 50-day EMA, while the 200-day EMA near $105 underscores how far price remains from a longer-term trend recovery. The daily RSI has dropped to 28.42, pointing to deeply oversold conditions. Bollinger Band support around $60.52 continues to act as a short-term floor. Some traders are looking for confirmation that a bottom is forming. Analyst Don Wedge flagged the uncertainty in a social post questioning whether SOL has already put in a low. Separately, Ali Charts noted a TD Sequential buy signal—an indicator often associated with selling exhaustion in extended downtrends. If momentum improves, SOL could work toward the $77 resistance zone; bulls would still need a decisive move through roughly $70–$76 to sustain a broader recovery. MACD readings also show early signs of a potential momentum shift, though buyer conviction remains limited. On the fundamental side, Solana is drawing renewed attention after Mastercard introduced "Agent Pay for Machines," a system built for AI-driven payments that lets autonomous agents transact using cards and stablecoins. Solana is included as a supported blockchain in the new payment stack, pairing traditional payments infrastructure with on-chain settlement. Supporters say Solana's speed and low fees position it well for machine-to-machine commerce and provide a real-world utility story beyond trading. Even with the integration, ongoing ETF outflows remain a headwind for crypto prices, keeping downside risk near the $60 support level in play. Traders are now watching whether improving sentiment and expanding ecosystem use cases can translate into sustained demand and a push back toward higher resistance levels.