Solana (SOL) has seen a significant increase in net buying of long positions, with the price stabilizing around $84 and bulls targeting a maximum liquidation level of $87. This surge follows the liquidation of high-leverage long positions, contributing to the recent price rise. Despite the altcoin's price remaining within a $78 to $90 range for the past two months, bullish sentiment persists, driven by Solana's robust network activity. In the first quarter of 2026, Solana processed over 10.1 billion transactions, with daily active addresses increasing tenfold to 4 million. The blockchain's stablecoin volume grew from $3 billion to $15.2 billion, while DEX volume and app revenue saw exponential growth. These metrics underscore Solana's position as a leading blockchain, following Bitcoin and Ethereum, due to its high speeds and low transaction fees. However, potential price hurdles remain, with liquidation orders below $82 posing a challenge to breaking past the $87 mark.