Solana price prediction: Bullish momentum faces resistance at $97 as SOL eyes sideways trading

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Solana gains 5.98% today to $93.53

Highlights

Solana approved the SIMD-0266 upgrade to launch compute-efficient p-tokens, targeting lower transaction costs by April 2026.
Institutional demand remains strong with SOL-focused ETPs seeing net inflows around $961–$968 million and Stripe relaunching USDC payments on Solana.
SOL trades in an overbought, volatile environment with buyer dominance; expected range for the next week is $85 to $97 amid rising risks of a pullback.

Institutional flows surge and technical upgrades drive network optimism

Solana has approved upgrade proposal SIMD-0266 to introduce compute-efficient p-tokens, aiming to significantly lower token transaction costs with mainnet rollout set for April 2026. The network has recorded a 755.3% year-on-year increase in payment volume and maintained robust institutional adoption, with SOL-focused exchange-traded products accumulating between $961 million and $968 million in net inflows. Stripe selected Solana to relaunch USDC transactions, highlighting continued recognition of the network's technical strengths.

Overbought momentum signals risk of pullback as volatility rises

SOL is trading well above short- and medium-term moving averages (MA-20 at $85.89 and MA-50 at $90.85), while the MA-200 at $149.54 marks significant longer-term resistance. Immediate support is defined by the Ichimoku Kijun (D1) at $84.84. The ADX (D1) reads 26.90, indicating a strengthening trend, but MACD (D1) shows a Strong Sell signal and Stoch RSI (100.00), CCI (150.58), and BBP (6.13) are in overbought territory. RSI (D1) is modestly bullish at 56.79, and daily price action displays a bullish gap with high volatility and a rally toward the session high, though oscillators warn of the potential for a short-term pullback.

Downside risk grows as broad range caps price advances

Over the next 5 trading days, the volatility band for SOL is expected between $85 and $97, taking current market conditions into account. The probability of further price increases is low, making a downside scenario more likely. Baseline expectations favor SOL trading in a sideways corridor between $85 and $97. A decisive move may only occur if resistance at $97 is broken to the upside or if $85 fails as support, increasing the risk of a sharper decline.

Viktoras Karapetjanc, expert at Traders Union, believes Solana’s strong institutional demand and robust network developments support its fundamental outlook. He sees SOL’s current price action as bullish above key short- and medium-term averages, despite technical signals warning of near-term overbought risks. However, macro volatility and resistance at $97 temper immediate breakout expectations. 'SOL has clear long-term potential, and as adoption deepens, I favor a constructive stance as long as price holds above $85,' he says.

Earlier, analysts noted that Solana was exhibiting short-term bullish momentum but remained constrained by technical barriers and ongoing regulatory and cybersecurity concerns. The current analysis reinforces this view as new upgrades and growing institutional adoption strengthen the fundamental backdrop, yet short-term overbought conditions suggest traders should closely watch for a potential reversal if support at $85 comes under pressure.

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.