Solana price prediction: Sideways action expected as SOL faces resistance at $97

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Solana gains 0.32% today to $93.81

Highlights

Institutional inflows into SOL-focused ETFs reached $10.70 million amid Citigroup and PwC's successful Solana trade finance tokenization test.
Solana network fundamentals strengthened through the approval of governance upgrade SIMD-0266 and increased revenue from robust DEX and meme coin activity.
SOL trades in a consolidation range of $85–$97 with mixed technical signals and low odds for a breakout above resistance.

Institutional inflows and real-world adoption boost Solana network activity

Institutional activity in Solana has increased, evidenced by $10.70 million in net inflows into SOL-focused ETFs for the week ending March 13. Citigroup and PwC completed a proof-of-concept with Solana for tokenizing trade finance, enabling instant settlement through tokenized payment certificates. Governance proposal SIMD-0266 was approved for an April mainnet launch, while strong transaction volumes from DEX trading and meme coin activity are boosting network revenue and validator fee capture.

Overbought oscillators contrast with weak long-term momentum

Momentum signals remain mixed: MACD is neutral on D1 but points to seller pressure on W1, while ADX D1 shows a moderate uptrend but loses strength on W1. RSI (61.88) and CCI (241.80) on D1 both signal overbought conditions, and Stoch RSI is at the extreme upper bound (100), while BBP’s elevated positive value favors buyer dominance intraday. AO supports the buying trend on D1. The price opened higher with a minor gap and is currently mid-range between today’s $93.23 low and $96.95 high, reflecting moderate volatility and a neutral, consolidating tone after the early session strength. There is a notable divergence, with strong overbought oscillators and short-term strength not fully confirmed by broader directional momentum.

Sideways bias dominates as weak bullish triggers limit upside

For the coming week, the expected price range is normalized to $85.00 – $97.00, keeping movement within ±12% of the current price given the typical volatility of SOL. The probability of a price increase is very low (less than 20%), making further declines or sideways movement more likely. Baseline scenario: SOL remains confined to a sideways corridor between $85 and $97 amid mixed signals. Bullish scenario: a clear break above $97 could trigger a retest of higher resistance, but momentum for this is weak. Bearish scenario: a drop below $85 opens risk of accelerated selling, especially as weekly indicators reflect limited buying pressure.

Viktoras Karapetjanc, expert at Traders Union, sees Solana maintaining notable institutional attention, as strong ETF inflows and enterprise adoption projects shape a positive sentiment backdrop. While technical signals are mixed and broader momentum remains tentative, he believes institutional interest and robust network revenue provide underlying strength. The analyst stays optimistic but notes the market still faces key resistance and could consolidate further. Karapetjanc says: "With support from both institutional flows and network fundamentals, SOL shows constructive potential, although sustained upside will likely depend on clearing the $97 barrier in the coming sessions."

Earlier, analysts noted that Solana faced mixed technical momentum and persistent regulatory headwinds, which limited confidence in a sustained breakout. The latest data, highlighting increased institutional activity and continued overbought technicals, reinforces the view that SOL remains vulnerable to further downside or sideways movement, with $85 as a key support to monitor for any shift in trend.

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.