Solana weekly forecast: Price slides as consolidation likely between $121.00 and $135.00

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Solana falls 7.41% over the week

Highlights

Solana (SOL) trades at $127.62, below both the MA-20 ($165.29) and MA-50 ($162.34), reinforcing persistent short- and medium-term bearish pressure.
Momentum indicators (MACD, ADX, RSI, Stoch RSI, CCI, BBP) and a 7.41% weekly drop point to sustained weak, bearish sentiment with no reversal signals.
SOL is expected to consolidate between $121.00 and $135.00 this week; a break below $121.00 would target further downside toward lower support zones.

Institutional adoption expands alongside robust user growth despite legal headwinds

Solana expanded tokenized U.S. stock and ETF access to over 3.2 million daily active users through Ondo Finance, supporting its push into real-world asset tokenization. The network continues to see institutional adoption, with spot ETFs reaching nearly $6 billion in volume, new ETF registrations by major firms, and steady inflows. Growth metrics remain robust with 8 million new addresses added in a single day, over 40 million monthly active users, a record 70% staking ratio, new liquid staking solutions, and major infrastructure upgrades and partnerships are progressing. Persistent legal uncertainties and the rollout of integrated products and validator partnerships add context to these developments.

Bearish momentum persists over the week as oscillators remain oversold

On the weekly chart, all key momentum indicators remain bearish for SOL: MACD and ADX signal weak trend strength, and multiple oscillators (RSI, Stoch RSI, CCI) issue oversold or sell warnings. Sellers have dominated the week, in line with the clear negative bias reflected by the BBP. Weekly volatility has ranged from moderate to high, sustaining the persistent downward pressure with no indication of a strong reversal, while the awesome oscillator stays neutral. Key resistance sits near $135.00 and the Ichimoku Kijun at $185.20, with primary support at $121.00 and deeper support near the MA-200 at $104.05.

Limited rebound seen next week as bearish signals dominate consolidation range

Given the consistent bearish signals on the weekly timeframe, SOL is expected to consolidate between $121.00 and $135.00 over the next 5–7 trading days. The probability of a significant rebound is low, as virtually all major weekly indicators are aligned in favor of downside or neutral action. A bullish break above $135.00 could prompt a short-term rally toward the next resistance, while a drop below $121.00 would likely lead to further losses, with $104.05 as the next major support target.

Previously it was reported that Solana Mobile Seeker (SKR) surged over 150% following multiple exchange listings, with the majority of holders opting to stake their tokens for a 25% APY, resulting in reduced selling pressure and sustained bullish momentum above the $0.02 mark. Technical indicators suggest SKR remains above key moving averages with strong relative strength, while immediate support is formed by the high percentage of locked supply, though potential profit-taking after the airdrop period may introduce volatility and test resistance levels post-April.

Source of Data: SOL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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