Coinpaper 2025-11-14 21:21:27

Cash App Picks Solana for USDC Payments in 2026 as Analysts Warn of Potential $95 SOL Drop

Cash App is preparing a major shift in its digital payments strategy as it builds support for stablecoin transfers ahead of an early 2026 rollout. The platform, which serves 57 million monthly users, plans to enable fast movement of digital dollars across multiple networks. However, it intends to start with Solana, a decision that signals rising confidence in high-speed, low-cost settlement rails. The move comes at a time when demand for cross-border efficiency continues to grow. Besides, stablecoins remain central to real-time settlement strategies across consumer apps. The integration appears positioned to accelerate user adoption once the feature goes live next year. Solana Powers the First Phase of the Rollout Solana confirmed its involvement after sharing a demonstration by Circle’s Jeremy Allaire, who showcased a transfer using USDC on Solana. The demonstration underlined the network’s role in powering Cash App’s initial phase. Moreover, the network stands out due to its throughput and fee structure, which aligns with the platform’s need for instant payments. Solana trades around $142.59 with a market cap of nearly $79 billion. The asset shows mild intraday strength but remains down over the past week. Consequently, the price action reflects broader risk pressure across major cryptocurrencies. However, the network continues to capture attention as more payment platforms evaluate faster settlement rails. Analysts Track Key Levels as Solana Trends Lower Source: X Despite renewed attention, analysts maintain a cautious tone. Crypto Tony notes a steady grind toward the $95 demand zone as Solana forms clear lower highs and lower lows. He identifies weakening support layers and highlights the importance of the $125 to $135 region. Additionally, he warns that the path to $95 remains open unless Solana reclaims $165. More Crypto Online shares a similar outlook while monitoring a short-term resistance cluster. He views $148.11 as a key trigger for a potential shift in momentum. A decisive move above that level could signal a local low and redirect attention toward the $157 to $167 band. However, he stresses that failure to break through leaves the asset exposed to deeper retracements.