Solana price prediction: Will $91.00 support hold as SOL trades flat?

Traders Union
All News
Crypto
Solana slides 0.67% today to $93.33

Highlights

Spot Solana ETF products saw $33 million in weekly inflows, signaling robust institutional demand and increased liquidity for SOL.
A dormant whale account acquired 67,648 SOL valued at $6.23 million, bringing concentrated net buying pressure to the market.
SOL trades within a $91.00–$96.00 range amid bullish short-term signals but faces broad selling pressure and risk of near-term pullback.

Institutional inflows and whale accumulation drive short-term liquidity despite selling

Spot Solana ETF products recorded $33 million in weekly inflows, including $6.7 million in a single session, reflecting a substantial allocation of capital to SOL investment vehicles and directly increasing liquidity tied to the asset. A previously dormant whale wallet purchased 67,648 SOL, totaling $6.23 million, introducing significant net demand in a concentrated period. Institutional flows and renewed focus on Solana’s settlement infrastructure have been observed amid greater stablecoin activity, though price action has remained under broader selling pressure.

Mixed momentum and overbought signals heighten short-term reversal risk

The SMA-20 at $86.18 and SMA-50 at $85.18 serve as immediate support levels beneath the current price, while the SMA-200 at $114.37 acts as the next major resistance to the upside. The Ichimoku Kijun is positioned at $87.73, adding to the support cluster. The D1 MACD issues a buy signal, but the ADX reading is neutral, indicating upward momentum without strong trend confirmation. Oscillators show stretched conditions, with the RSI at 67.80, CCI at 248.39, and Stoch RSI at 100, all highlighting overbought territory. The Bull/Bear Power (BBP) is strongly positive at 6.44, and the Awesome Oscillator supports bullish intraday dynamics, though mixed momentum and rising overbought signals suggest growing risk of near-term mean reversion.

Range-bound consolidation likely as upward breakout probability remains low

Over the next five trading days, SOL is expected to fluctuate within the $91.00–$96.00 range, which reflects typical volatility based on recent weekly patterns. The probability of a further upward breakout is low, as key weekly indicators continue to point downward. The baseline scenario is for continued consolidation within this band. Should SOL decisively breach $96.00, renewed buying may target higher resistance levels, while a break below $91.00 would expose deeper supports and risks a stronger downward move given the weak broader momentum.

Anton Kharitonov, analyst at Traders Union, sees continued institutional flows and increased ETF inflows supporting Solana’s standing, but notes weak momentum and overbought signals. He points out that technical and sentiment indicators are mixed, with the price constrained below long-term resistance. The baseline scenario is sideways trading between $91.00 and $96.00, with little evidence for a breakout. "Until Solana reclaims major resistance or shows stronger trend confirmation, I remain defensive and prefer to wait for a clearer setup."

Earlier, analysts noted that Solana was expected to retain a volatile, range-bound profile as regulatory clarity and robust intraday demand contended with lingering resistance and elevated risk. The latest surge in institutional inflows and whale accumulation bolsters this thesis, but with overbought signals intensifying and broader selling pressure in play, traders should now focus on the $91.00–$96.00 volatility band as the next decisive zone for Solana’s near-term direction.

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.