Solana price prediction: Sideways action likely as SOL tests volatility band

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Solana rises 0.97% to $90.12 today

Highlights

Solana's on-chain DApp revenue has fallen to $22 million, its lowest level in 18 months, reflecting declining engagement in Web3 gaming.
Stablecoin supply on Solana rose above $17 billion, boosted by regulatory clarity from the Genius Act and new integrations with major financial institutions.
SOL exhibits short-term bullish momentum but faces a likely consolidation within the $86.71–$93.28 range due to mixed technical signals and prevailing weekly downtrend.

Stablecoin growth and DApp revenue plunge amid regulatory and macro shifts

Solana Foundation President Lily Liu commented on March 20, 2026, that Web3 gaming is unlikely to return, leading to industry debate. The network's on-chain DApp revenue has dropped to $22 million, the lowest in 18 months, while its stablecoin supply surpassed $17 billion due to regulatory clarity from the Genius Act and integrations with major financial institutions. Infrastructure upgrades like the Firedancer client are underway amid sustained network demand, and recent US inflation data point to delayed Federal Reserve rate cuts, affecting liquidity conditions for crypto assets such as Solana.

Mixed momentum and fading buyer dominance as resistance contains rally

SOL trades above both its 20- and 50-day simple moving averages, but is still well below the 200-day SMA, reflecting ongoing long-term bearish pressure. The Ichimoku Kijun support at $86.66 anchors immediate support, while momentum readings are mixed: both MACD and ADX on the daily chart show strengthening short-term bullish momentum, and RSI at 51.41 indicates modest buying interest without overbought conditions. Stoch RSI and CCI both read as neutral, BBP highlights recent buyer dominance but shows signs of fading, and the Awesome Oscillator remains neutral. The price is currently near the upper end of today's trading range, with subdued volatility and a session tone favoring continued strength, though divergence between bullish momentum and overbought oscillators suggests potential for near-term consolidation.

Sideways trading likely as bearish signals cap reversal risk

Over the next five trading days, SOL is expected to remain within a typical volatility band between $86.71 and $93.28, or about 5% from current levels. The probability of gains is low (less than 20%), with the dominant scenario being sideways oscillation as both weekly RSI and trend indicators remain bearish. A decisive move above $93.28 would be needed for a bullish reversal, while a drop below $86.70 — $87.00 support signals further downside risk and a continuation of recent weakness.

Anton Kharitonov, expert at Traders Union, notes that Solana is struggling to regain long-term momentum despite near-term technical support. He sees weak DApp activity and mixed momentum, while recent regulatory advances and institutional interest have failed to shift the overall bearish tone. The analyst considers sideways movement most likely in the coming days unless key resistance at $93.28 is cleared. "For now, unless SOL breaks above $93.28, I remain defensive and expect mostly range-bound price action."

Previously it was reported that skepticism from Solana Foundation leadership had cast doubt on the sustainability of blockchain gaming and raised concerns about the platform’s outlook. With current on-chain DApp revenue at 18-month lows despite infrastructure upgrades, traders should monitor the $93.28 resistance as a breakout above this level could shift market sentiment and signal a new bullish phase.

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.