Solana price prediction: Will $87.00 support hold as SOL declines 4.12%?

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Solana slides 4.12% to $91.30 today

Highlights

Grayscale Solana Staking ETF enabled in-kind creations and redemptions, enhancing institutional access and liquidity for Solana exposure.
Recent Solana mainnet upgrades and ongoing ETF inflows show sustained institutional engagement, despite price pressure and Upexi’s reported SOL treasury losses.
SOL trades with short- and medium-term bullish technicals but faces downside risk, with expected consolidation between $87.00 and $95.00 over the next five days.

Institutional flows expand as ETF rules shift and upgrades boost efficiency

On May 13, 2026, the Grayscale Solana Staking ETF amended its agreement with Jane Street Capital, allowing in-kind creations and redemptions for ETF shares and thereby broadening institutional participation and liquidity for Solana. The recent deployment of the P-Token upgrade on Solana's mainnet has further improved transaction efficiency by lowering compute unit usage. Ongoing spot ETF inflows and Upexi’s disclosure of substantial unrealized losses tied to its growing SOL treasury reflect continued institutional engagement and capital flows, though price action has remained under broader selling pressure.

Resistance intensifies as mixed technicals meet limited trend strength

SOL remains above the 20-day ($87.93) and 50-day ($85.64) moving averages but is well below the 200-day ($112.47), forming a resistance band to the upside. The Ichimoku Kijun level at $89.91 provides immediate technical support, with a projected support zone near $87.00 and resistance approaching $95.00. Among indicators, MACD shows a buy bias and ADX reads as neutral, indicating limited trend conviction. While RSI and CCI tilt toward buyer interest, Stoch RSI and Bull/Bear Power (BBP) suggest overbought conditions under recent volatility, as price pressure persists near session lows.

Range-bound trade expected as breakout odds remain subdued

Over the next five sessions, the typical volatility band is projected between $87.00 and $95.00. A move above $95.00 would open a bullish scenario, but the likelihood of a significant upward breakout remains low (under 20%). More downside is probable if support at $87.00 fails, while the baseline scenario is for sideways trading within this range.

Viktoras Karapetjanc, Traders Union expert, sees Solana’s structural developments as positive for long-term institutional adoption. He highlights that in-kind ETF amendments and continued inflows signal strong professional interest, even as price action is capped below resistance. Upexi’s commitment confirms fundamental engagement, supporting a constructive macro view. The analyst believes range-bound trading is likely, but underlying sentiment shows strength. "Liquidity trends and institutional initiatives are setting the stage for a stronger Solana recovery once technical resistance eases," says Karapetjanc.

Previously it was reported that analysts expected Solana to remain rangebound amid persistent selling pressure and mixed technical signals. With recent ETF inflows and protocol upgrades providing fresh institutional interest but not yet fueling a decisive move, traders should remain attentive to any shift in market sentiment that could threaten the stability of the current volatility band.

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.