• Solana changed hands for around $83 on the morning of March 9, 2026.
• The cryptocurrency could dip to under $75 if bearish sentiment holds.
• SOL price has floundered amid macro headwinds but could see another oversold bounce.

Solana (SOL) trades at around $83 in the early hours of Monday, March 9, 2026, up 1.3% in the past 24 hours.

The altcoin may be showing signs of bucking the trend across stocks as Bitcoin also pulls off the $66,000 low.

However, SOL is down by more than 5% in the past month and could revisit recent lows under $80 amid persistent negative funding rates and as the Iran war decimates risk sentiment.

Solana price: market conditions fuel caution

SOL has faced headwinds alongside Bitcoin and Ethereum since sliding from $250 in September 2025.

An acceleration in losses saw SOL drop to lows of $75 on February 5, 2026, and bulls have struggled to break above $90 since.

The broader macro and geopolitical headwinds have been key downward catalysts year-to-date, with these contributing significantly to the fading memecoin hype that has hit trading volumes hard.

While net inflows into Solana spot ETFs have largely defied the sharp redemptions that hit BTC and ETH products, institutional demand has slowed.

Cumulative SOL ETF assets sit at $958 million.

SoSoValue data shows two consecutive days of outflows last week, with over $8.2 million exiting on Mar 6.

That saw weekly flows cut to about $24 million from over $44 million the previous week.

Technical analysis

Standard Chartered recently cut its 2026 target for SOL to $250, but analysts at the bank forecast a bullish flip to $2,000 by 2030.

Buyers have the long-term forecast in their favour.

However, struggles below $100 suggest bulls have work to do in the short term if macro and geopolitical headwinds continue to batter sentiment.

SOL prices hover in a broader range between $75 and $94, but as broader crypto sentiment weighs on investors amid surging oil prices, the altcoin could flip lower.

Earlier on Monday, oil prices surged to near $120 a barrel amid concerns around the US- Iran war. Prices have since dropped to $100 after reports said the G7 will discuss to release emergency oil reserves.

The RSI and MACD indicators on the daily chart above highlight this possibility.

But could Solana bulls hold $80-$75 as a support zone intact as they eye a bullish reversal?

On-chain data shows funding rates extending in the negative and open interest down to $4.93 billion, down from $8.86 billion in mid-January.

Prolonged negative funding rates have nonetheless preceded an upside flip for the cryptocurrency.

This positions SOL for a likely short-term uptick, with $118-$120 the primary hurdle above the psychological level of $100.

• DEXE price is up amid a volume spike and broader crypto resilience.
• Bitcoin, Ethereum, and Solana are all holding onto gains despite the Iran war.
• DeXe has hit the $4.70 mark and could eye an extended rally to $9.00.

DeXe, the governance token for the DeXe Protocol, has surged to its highest level in three months after a robust 22% spike in the past 24 hours.

The DEXE token, which traded among the top gainers early Monday alongside Chilliz, Bittensor, and Pi Network, has surged by more than $112% in the past month to trade at prices last seen in late November 2025.

DeXe price today

DeXe is trading above $4.70 at press time on Monday, March 9, 2026, extending intraday gains to over 22%.

The surge comes after a breakout above $3.71 on Sunday, with today’s uptick aligning with a sharp volume spike.

According to CoinMarketCap, DEXE’s trading volume increased by 190%.

This stood at over $21.3 million at the time of writing, reflecting the high interest in the token.

Momentum comes amid resilience for Bitcoin and top altcoins despite the conflict in the Middle East following the United States and Israel’s attack on Iran.

Despite escalating geopolitical tensions in the Middle East, including recent escalations involving regional powers, the overall digital asset sector has held firm.

Oil prices surging in early trading tanked stock futures, but BTC and ETH held near key levels as institutional inflows continued to pick up.

For DeXe, gains come amid altcoin rotation and renewed optimism around decentralized finance (DeFi) protocols.

DEXE price technical analysis: What’s next?

The near-term outlook for DeXe is mixed after the token broke out from below a key resistance level.

Bulls have pushed prices above key moving averages, including the 50-day and 100-day exponential moving averages (EMAs) near $3.14 and $3.59, respectively.

If buyers continue to position and preserve the short-term uptrend from the swing low of $1.72 to the recent high of $4.70, the next hurdle will be the 200-day EMA.

On the daily chart, the 200-day EMA currently sits at $5.03, hovering as overhead resistance amid the bulls’ quest to turn $4 into support.

Doing this could shift DEXE from trading within a prolonged downtrend into a breakout trend.

Currently, the Moving Average Convergence Divergence (MACD) indicator suggests sustained buying pressure.

However, the Relative Strength Index (RSI) at 76 lingers in the overbought territory.

While bulls could extend gains, they face elevated risks of a temporary pullback amid profit-taking.

A decisive daily close above $4.22 will keep buyers in control.

If prices move lower, failure to hold $4.00 might trigger a retest of the 100-day EMA at $3.59.

Key support levels lie below the moving averages, with $3.24 and $2.10 providing robust demand reload zones.

TLDR

• Defense contractor InTACT from Israel has chosen Peraso’s 60 GHz millimeter-wave technology to power a military-grade drone Identification Friend or Foe (IFF) system.
• The system enables military personnel on the ground to differentiate between friendly and hostile drones using mutual authentication protocols.
• Peraso’s beamforming transceiver chips provide directional, low-power communications that are difficult to intercept or jam.
• The collaboration between Peraso and InTACT has spanned more than two years, concentrating on tactical drone identification capabilities.
• PRSO shares skyrocketed by as much as 115% during Friday’s trading session and continued climbing over 33% in Monday’s pre-market hours.

Peraso Inc. (PRSO) experienced an extraordinary trading session on Friday. The semiconductor manufacturer based in California witnessed its share price soar by as much as 115% during intraday trading following news that its 60 GHz millimeter-wave technology will be integrated into a military drone identification platform.

The agreement centers around InTACT, a defense contractor headquartered in Israel. InTACT has selected Peraso’s semiconductor technology as the foundation for its Identification Friend or Foe (IFF) drone system — a critical tool that enables armed forces to rapidly determine whether an approaching drone poses a threat or belongs to allied forces.

The collaboration between these two entities has been ongoing for more than 24 months. This latest announcement signals a significant milestone in their relationship, as the technology transitions toward real-world military applications.

Peraso Inc., PRSO

PRSO shares jumped over 96% during pre-market hours on Friday before the rally intensified to 115% intraday. The stock settled at a closing gain exceeding 86%. Monday’s pre-market session saw another surge of 33%.

How the Technology Works

Peraso’s 60 GHz beamforming transceiver chips serve as the core hardware for InTACT’s IFF platform. These semiconductors establish a short-distance, highly directional wireless communication link between unmanned aerial vehicles and troops on the ground.

The directional characteristics of the signal are crucial. This design makes the communications extremely difficult to detect or disrupt in contested electronic warfare scenarios — precisely the environments where such systems are needed most.

Through mutual authentication protocols, ground-based units can verify in real time whether an approaching drone is part of friendly operations. In modern combat zones saturated with drone activity, this identification capability provides significant tactical advantages.

CEO Ron Glibbery characterized the technology as “designed to provide a secure, directional communications channel ideally suited for these environments.”

Peraso’s Recent Business Performance

Peraso has shown signs of business momentum leading up to this defense contract announcement. During Q3 of fiscal year 2025 (concluded September 2025), the company reported revenue growth of 45% on a quarter-over-quarter basis, reaching $3.2 million.

This revenue increase was primarily fueled by record-breaking sales from millimeter wave products — the exact product category featured in this defense partnership.

Despite the sequential growth, total revenue for that quarter still declined 16% year-over-year, falling from $3.84 million in the comparable period.

For a micro-cap semiconductor firm, securing a design win in the defense industry can fundamentally alter investor perception of the company’s prospects. Commercial agreements typically don’t carry the same strategic weight as military deployment contracts.

InTACT has not revealed the financial parameters of this partnership. Neither contract value nor revenue forecasts have been made public.

The company has confirmed that its beamforming transceiver technology is ready for production and has been officially selected as the hardware platform for InTACT’s system. A specific timeline for military deployment has not been announced.

As of Monday’s pre-market trading, PRSO was up more than 33% following Friday’s impressive 86% closing gain.

The analyst who made that claim also laid out the most important support levels for ADA going forward.

Popular crypto market observer and commentator Ali Martinez took it to X to criticize the popular blockchain network, Cardano, for its failure to deliver on many of its promises.

Given the project’s popularity, many of the comments below the post lashed out at his harsh words, but there were some that agreed with his statements.

Most Useless Blockchain?

In a post titled “The Most Useless Network In The Crypto Market,” Martinez began by indicating that the Cardano DeFi ecosystem has never exceeded the coveted $1 billion mark. He added that it has “historically been only a fraction of what is locked on competing platforms like Ethereum.”

A quick double check on DeFiLlama confirms his words, as the Cardano TVL in DeFi peaked last year at roughly $700 million. However, the value has plummeted to $136 million as of press time. In comparison, the TVL on Ethereum is currently at a whopping $55 billion, down from almost $100 billion reached last year.

Solana’s TVL jumped to over $12 billion in September 2025, but it’s down to $6.6 billion as of now. Martinez also compared Cardano’s TVL with newer chains like SUI, which has already surpassed it with $568 million after peaking at $2.5 billion last year.

“Unlike Ethereum, which has built a dominant position in DeFi, or Solana, which has captured high-speed consumer applications, Cardano still lacks a clear use case that consistently attracts users, developers, and investors,” said Martinez.

He added that Cardano was officially launched nine years ago, but smart contracts were introduced in 2021, which allowed its competitors to “build stronger network effects with more developers, applications, and liquidity.”

He believes Cardano’s research-driven model, which prioritizes academic review and formal verification, slows down product rollouts compared to other blockchains.

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As mentioned above, the community was split after his post, with some bringing out Cardano’s liquid staking capabilities, while others agreed to a large extent with his words.

ADA’s Survival

Martinez also explained that blockchains that reach scale early tend to attract more capital and talent as this is a market “driven by adoption and network activity.” This makes it “difficult for slower-growing networks to catch up once competitors establish a lead,” which could be the main reason behind ADA’s struggles.

The token peaked at over $3 in 2021, but it has fallen from grace since then, currently trading 91.7% away from those levels. Even the 2024/2025 bull rally managed to drive it to as high as $1.30, and it now sits at around $0.25.

Martinez weighed in on ADA’s performance as well, suggesting that if it breaks the $0.245 support, it could plunge to the next ones at $0.112 or $0.021, which would represent another 50% to 80% decline.

Oil prices pulled back sharply early Monday after reports that Group of Seven (G7) finance ministers planned an emergency call to discuss a coordinated release of strategic crude reserves, giving markets a possible policy response to the war-driven supply shock.

The Financial Times reported that G7 finance ministers planned an emergency call to discuss a possible coordinated release of 300 million to 400 million barrels from strategic oil reserves to calm markets after the war-driven spike in crude prices. The G7 countries consist of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, with the European Union as a non-enumerated member.

On Hyperliquid, crude oil futures rose nearly 25% to as high as about $117 overnight before falling by around 14.5% to roughly $100 after the G7 reports emerged. The reversal suggested traders were quickly repricing the risk of a coordinated reserve release even as the conflict continued to threaten supply.

Bitcoin rebounds after earlier drop

Bitcoin (BTC) also rebounded after an earlier drop during the oil spike. After falling to about $65,725, CoinGecko data shows BTC climbing as high as $67,992.88 at the time of writing, a gain of roughly 3.45% in a few hours.

CryptoQuant analyst Darkfost said in a market note that higher oil prices and Strait of Hormuz tensions could weigh on risk appetite and complicate the outlook for volatile assets such as Bitcoin.

“Historically, periods when oil prices regain strength often coincide with BTC end-of-cycle phases,” he wrote. 

Hyperliquid HIP-3 hits record weekend volume on oil price surge

The episode also underscored how onchain venues can attract demand when traditional markets are closed.

Hyperliquid’s oil-linked contracts had already surged after the initial US-Israeli strike on Iran in late February, with traders turning to decentralized perpetuals for round-the-clock commodity exposure. Hyperliquid data shows that Tradexyz, a trading interface built on Hyperliquid, reached its highest weekend volume of over $610 million on Feb. 28.

Related: Iranian crypto outflows spike 700% after US-Israeli airstrikes

As the conflict escalates, oil prices have continued to rise, and Tradexyz has surpassed its previous weekend record with nearly $720 million in trading volume over the weekend, onchain analytics hub Pine Analytics said in an X post on Monday. 

“These two waves of demand in the past month on Tradexyz show the platform is absorbing demand for traditional assets by people who don’t have TradFi access, or at points in time when these exchanges are offline,” Pine wrote.