Solana (SOL) shows signs of stabilizing with renewed buying activity as analyst Ali Charts noted potential resistance tests at $82 and $88. Technical indicators suggest a pause in bearish momentum, while PayPal’s quiet integration of Solana as its default blockchain network signals growing institutional adoption for payment efficiency.
Solana (SOL) experienced increased buying activity on Friday, February 13, according to crypto analyst Ali Charts. The market activity pointed toward a potential test of resistance levels at $82 and then $88, indicating heightened trader interest. Analyst predictions of bullish sentiment were encouraged by SOL’s ability to hold above support zones.
The four-hour chart revealed a consolidation phase following a sharp sell-off, with recent candles showing buying pressure. Momentum indicators reflected a neutral to weak outlook, with the RSI in the low 40s and the MACD flattening out. The analyst reported that this would likely propel SOL to test resistance levels, indicating increased market interest.
Separately, PayPal integrated Solana as the default network for its blockchain operations as of Thursday, February 12. This strategic move highlights growing institutional confidence in Solana’s architecture for its speed and low transaction costs. The integration is viewed as a significant step for traditional finance adopting high-performance blockchain networks for payments.
