Solana price prediction: Is Western Union partnership enough as SOL slips below $90?

Traders Union
All News
Crypto
Solana slides 2.58% to $87.97 today

Highlights

Western Union launched its USDPT stablecoin on Solana with Crossmint, enabling global USD-backed transfers and cash pickups.
Solana network activity surged as low fees fueled further stablecoin adoption, institutional token launches, and address growth despite price pressure.
Technicals signal persistent bearish momentum as SOL faces high volatility, with a forecasted five-day range of $79.00–$93.00 and elevated downside risk.

Stablecoin inflows and adoption rise amid broader SOL selling pressure

Western Union launched its USDPT stablecoin on the Solana blockchain in partnership with Crossmint, enabling U.S. dollar-backed stablecoin transfers that can be redeemed at over 360,000 global cash pickup locations and linking digital wallets to Western Union's global payout network. This collaboration was accompanied by continued growth in Solana's transaction and payment volumes as the network’s low fees and high throughput attracted further stablecoin activity and integration with traditional payment processors. Infrastructure providers such as Doppler and Plume were reported to have expanded to Solana, reflecting increased adoption and institutional interest in asset tokenization and token launches. Network activity and new address creation on Solana also increased, indicating higher organic demand for SOL, though price action has remained under broader selling pressure.

Weak price momentum as technical support contrasts with bearish signals

SOL trades above its MA-20 ($84.84) but remains below the MA-50 ($100.43) and MA-200 ($154.85), suggesting short-term support while broader bearish momentum persists. The Ichimoku Kijun at $84.84 serves as immediate support. Daily momentum is weak — MACD and ADX both signal further downside, while oscillators including RSI, Stochastic RSI, and CCI point toward overbought or sell conditions. Bull/Bear Power shows buyer dominance despite today's negative session, and a 'Strong Buy' reading from the Awesome Oscillator highlights divergence between price action and underlying momentum.

Downside risk elevated as volatility and momentum drive SOL outlook

In the short term, the expected price range for SOL over the next five trading days is $79.00–$93.00, based on typical volatility. There is a strong likelihood (above 80%) of continued downside movement. If SOL remains between support and resistance, a period of sideways trading is likely as high volatility continues. A break above $93.00 could prompt a squeeze or short-term recovery, while a drop below $79.00 would likely accelerate losses given weak weekly momentum signals.

Viktoras Karapetjanc, expert at Traders Union, views the ongoing institutional adoption of Solana as a fundamental positive despite present technical headwinds. He notes that partnerships like Western Union’s stablecoin launch and rising network activity signal increasing real-world use and growing long-term potential for SOL. However, near-term price action remains bearish and volatile, indicating possible further downside before momentum shifts. 'I believe Solana’s fundamentals are improving, and while short-term weakness may persist, strong adoption trends point to a constructive future for SOL.'

Last time, analysts noted that Solana was trading above its 20-day moving average but remained constrained below the 50- and 200-day averages, with momentum indicators such as the MACD signaling a strong sell and the RSI pointing slightly bearish. Immediate support lies near $84.84 and resistance at $92.50, with the likelihood of a short-term bullish reversal low amid prevailing downside technical signals and regulatory uncertainties.

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.