Solana price prediction: $85.09 support in play as SOL gains on new stablecoin proposals

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Solana rises 4.50% to $85.48 today

Highlights

Solana's co-founder proposed court-approved protocols for freezing base-layer stablecoins, potentially improving legal safeguards and network trust.
Solana reported strong usage with 25.3 billion transactions in Q1 2026 and $650 billion in February stablecoin volume.
Technicals point to mixed momentum and weak trend, with SOL likely consolidating between $83.00 and $89.60 in the near term.

Protocol reforms and high usage as network activity intensifies

Solana's co-founder Anatoly Yakovenko proposed implementing stricter legal controls on the freezing of base-layer stablecoins, allowing such actions only in response to court-approved orders and detailing a new protocol architecture. In addition, Solana recorded 25.3 billion transactions in the first quarter of 2026 and processed $650 billion in stablecoin volume for February, underlining its continued high usage. Around this period, Alameda unstaked $16 million in SOL as part of a creditor repayment process during its restructuring. Solana's technological advancements in parallel execution and its native architecture have also been noted.

Mixed momentum and divergence after gap open as buyers fade

Momentum signals are mixed: the D1 MACD gives a strong sell, while the ADX is neutral and weak, suggesting the trend lacks clear direction. RSI and CCI both register as buys, while Stoch RSI and BBP indicate overbought conditions and strong buyer dominance intraday. The Awesome Oscillator is neutral and does not confirm the upward movement. After a higher open at $86.63 versus the previous close at $81.80 (showing a gap up), the price is currently near today’s low, with intraday strength giving way to seller pressure. Multiple oscillators point to divergence with mixed momentum, so the bullish tone after the open is not fully supported by the underlying signals.

Downside risk prevails as probability of rally remains low

For the next five trading days, SOL's expected range is $83.00 – $89.60, reflecting typical volatility around current levels. The probability of a price increase is very low (less than 20%), making further downside more likely. Baseline scenario: the price consolidates in a sideways channel near current levels. A break above $89.60 could prompt an extension higher, while a move below $83.00 may accelerate declines and attract more sellers.

Viktoras Karapetjanc, expert at Traders Union, sees Solana showing impressive resilience in both technology adoption and transaction volumes, even as price momentum remains capped by medium- and long-term resistance. He highlights the significance of stricter legal proposals and major ecosystem developments as positive for institutional confidence. Karapetjanc notes that despite technical mixed signals and a low short-term probability of further price increases, macro and regulatory fundamentals remain constructive. "In my view, Solana's usage strength and evolving regulatory framework set a solid foundation for future growth—short-term volatility offers opportunities, but the longer-term outlook is still bullish."

Earlier, analysts noted that Solana was experiencing persistent bearish momentum and technical indecision, with a bias toward further downside. While the latest price action shows some short-term resilience, continued mixed signals and overbought intraday readings suggest traders should monitor the $83.00 support closely as a decisive break below it could heighten volatility and downside risk in the days ahead.

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.