Solana price prediction: Will $80.00 support hold? SOL slips 2.48%

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Solana slides 2.48% today to $82.70

Highlights

Squads secured an $18 million round led by Solana Ventures and Coinbase Ventures to expand Altitude stablecoin infrastructure on Solana.
Western Union's choice to deploy its USDPT stablecoin on Solana signals growing blockchain adoption and surpassed $1 billion in institutional ETF flows by late April 2026.
SOL trades below key moving averages, with momentum indicators confirming bearish sentiment; five-day range likely between $75.00 and $86.50 amid continued selling pressure.

Institutional inflows and adoption rise as selling pressure lingers

On April 29, 2026, the Solana-based multisignature protocol Squads completed an $18 million funding round led by Solana Ventures and Coinbase Ventures, directing new resources to the Altitude stablecoin treasury platform for expanded enterprise infrastructure. Western Union’s decision to build its USDPT stablecoin on the Solana network marked a further step in the asset’s integration into global payments, reflecting real-world adoption of the blockchain’s transaction capabilities. Institutional flows into Solana-linked spot ETFs surpassed the $1 billion mark by late April 2026, though price action has remained under broader selling pressure.

Bearish technical signals as SOL remains under key moving averages

Short-term technical levels for SOL are defined by immediate resistance at the Ichimoku Kijun of $84.56, with the asset also trading below the MA-20 ($85.47), MA-50 ($85.84), and MA-200 ($119.63). Momentum indicators are negative, with the MACD and ADX both suggesting weak trend strength. The RSI remains subdued at 44.43 and the CCI at –119.94, while the Stoch RSI is in oversold territory; BBP at 0.37 further highlights seller momentum over buyers on the intraday basis.

Sideways trade expected as selling caps short-term upside

In the near term, SOL is likely to fluctuate within a $75.00–$86.50 volatility band relative to current levels, as persistent selling and muted momentum limit upside. A sideways scenario within this range is the baseline expectation. Should buyers reclaim the $84.56 resistance, a move toward $86.50 is possible, while a fall below $80.00 could open the way for further losses toward $75.00. The probability of a meaningful price rebound is currently low.

Viktoras Karapetjanc, expert at Traders Union, sees Solana’s recent ecosystem progress as a constructive backdrop despite near-term downward technicals. He believes strong venture backing and growing institutional flows help reinforce network credibility, even as price momentum remains weak. The addition of payments leaders and expansion in stablecoin infrastructure strengthens fundamental and macro appeal. For now, range-bound trading is expected, but the risk-reward is improving. "If SOL can reclaim $84.56, I see a real case for upside follow-through as sentiment shifts."

Earlier, analysts noted that Solana remained under sustained bearish momentum due to persistent selling pressure and unresolved regulatory and technical challenges. The latest developments—including continued negative momentum signals and limited upside catalysts—reinforce a cautious outlook, with traders advised to monitor the $80.00 level as a potential trigger for increased downside risk.

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.