Key Insights:
- Solana price may test the $77 level if the TD Sequential buy signal confirms.
- WSOP will support Solana payments for tournament buy-ins.
- SOL perpetuals add new trading tools amid high market pressure.
The World Series of Poker is adding Solana payments for tournament buy-ins, creating a major live use case for blockchain settlement. The rollout begins at this year’s WSOP in Las Vegas through MoonPay, with no processing fees for players.
The move comes as SOL price trades under pressure, leaving the partnership to compete with weak market sentiment and cautious positioning across risky assets.
Solana Price Watches WSOP Payment Adoption
The World Series of Poker is partnering with the Solana Foundation to support Solana payments. MoonPay will power the payment system for tournament buy-ins. The setup is designed to reduce payment friction for international players.
The integration gives Solana another real-world payment use case. It also places the network in front of a global poker audience. WSOP attracts players from many markets, making cross-border settlement a practical focus.
WSOP CEO Ty Stewart said the move aims to modernize payments for players. He also linked the partnership to consumer experience. That point matters because crypto adoption often depends on simple payment flows.
The next step comes at WSOP Paradise in the Bahamas. Winners there may choose stablecoin payouts on Solana. That would expand the use case beyond entry payments and into tournament settlement.
Solana Price Faces Pressure Despite Adoption News
Solana price remains weak despite the WSOP announcement. The token also remains below several key technical levels.
At around $64.67, SOL is still trading inside its Bollinger Bands. The upper band sits near $67.88. The 50-day EMA near $68.26 is also capping upside.
The 200-day EMA near $78.19 remains a larger overhead level. That area lines up with the broader resistance zone near $77. A clean move above that range would improve the short-term chart.
The MACD golden cross near negative territory suggests momentum is trying to recover. However, RSI near 44 remains neutral. That means buyers have not yet taken firm control.
A test of lower support near $63.31 remains possible before a stronger move. If SOL price support holds, Solana price may attempt a rebound toward $72 and then $77.
SOL Perpetuals Add New Market Layer
Kalshi has added SOL perpetuals as regulated crypto derivatives expand in the United States. These contracts give traders a new way to track SOL price moves. They may also help desks hedge broader crypto exposure.
Perpetual futures do not have a fixed expiry date. That differentiates them from regularly dated futures. They can remain open as long as there is a margin and funding available.
SOL perpetuals may increase institutional interest in the Solana market structure. However, leverage can also amplify losses. That risk is important during periods of high volatility.
The new contracts arrive as traders debate whether SOL price has reached a short-term exhaustion point. Analyst Ali Martinez noted a TD Sequential buy signal on Solana’s three-day chart. The signal can suggest fading selling pressure.
If confirmed, the setup could support a move toward $77. If SOL loses the $60 spport area, the bullish case weakens.
