Solana price prediction: Will buyer dominance persist? SOL rises 6.97%

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Solana jumps 6.97% to $87.23 today

Highlights

Solana launched 'Solana Payments' with real-time payment simulation tools and documentation, strengthening its position in decentralized, on-chain payments for developers.
Solana posted $108 billion in 30-day decentralized exchange volume, outperforming Ethereum, while spot ETF outflows of $11.3 million remain minor compared to Bitcoin and Ethereum.
SOL trades at $87.23, above its 20-day Moving Average, but technicals signal persistent downside risk with $78.09 as key support and $96.00 as major resistance.

Validator debate and ETF outflows as fundamentals outperform Ethereum

Solana introduced 'Solana Payments', offering developers a real-time payment simulator and comprehensive documentation to help integrate on-chain payment solutions. The network continued to demonstrate strong underlying fundamentals, posting $108 billion in 30-day decentralized exchange volume, which surpassed Ethereum's performance during this period. Solana spot ETF products recorded $11.3 million in outflows, a minimal figure compared to Bitcoin and Ethereum ETF outflows across prior months. Additionally, public statements from co-founder Anatoly Yakovenko sparked renewed debate about blockchains' decentralization, highlighting Solana's higher validator participation and Nakamoto Coefficient.

Mixed technical signals as intraday strength meets bearish momentum

SOL is currently trading above its 20-day Moving Average but below the 50-day and 200-day MAs, indicating short-term strength while medium- and long-term indicators remain bearish. The immediate support level is at the Ichimoku Kijun value of $86.30. Technical signals are mixed: the daily MACD continues to show strong bearish momentum and the ADX remains elevated, indicating ongoing downward pressure. While the RSI points to weak market conditions, the Stochastic RSI and Bull/Bear Power indicate buyer dominance intraday, and the Awesome Oscillator is neutral; this combination reflects a conflict among trend and oscillator signals.

Sideways movement favored as downside risk outweighs breakout potential

The expected price range for the next five days is calibrated to $78.09 – $96.00, which defines the volatility band relative to current levels. The probability of a sustained upward move is less than 20%, as medium- and long-term indicators, including weekly MAs, RSI, ADX, and MACD, reflect persistent downside risk. The baseline scenario is for SOL to trade sideways near its current price. A breakout above $96.00 could occur if buying pressure persists, but a reversal below $78.09 remains more likely if resistance levels hold.

Anton Kharitonov, expert at Traders Union, sees short-term technical momentum for Solana, but notes that medium- and long-term indicators remain bearish. He highlights mixed technical signals, as well as cautious investor sentiment based on modest ETF outflows despite positive on-chain news. Kharitonov believes the fundamental picture is strong, but downside risks persist as SOL stays well below its 50-day and 200-day averages. "My base case is continued sideways action below $96.00 — I remain defensive while this level holds."

Previously it was reported that Solana is trading well below its major moving averages, with technical indicators such as MACD, ADX, and RSI confirming strong bearish momentum and persistent downside pressure. Immediate resistance is noted near the Ichimoku Kijun level, while the high probability of further declines suggests sellers remain in control unless significant buying emerges.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.