Solana price prediction: $87.00–$94.00 range contains SOL moves

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Solana drops 0.76% today to $90.60

Highlights

Forward Industries reported a $283 million quarterly net loss due to significant fair-value markdowns on its 7.04 million SOL treasury holding.
Unrealized losses on Forward's SOL position now approach $1 billion, despite ongoing staking yields, while institutional inflows persist via Solana ETFs and Dartmouth College’s new allocation.
Solana exhibits short- to medium-term technical strength but faces overriding long-term bearish momentum, with a projected trading range of $87.00 to $94.00 and downside risk dominating near-term outlook.

Institutional losses and fund inflows as Solana faces pressure

Forward Industries, the largest corporate holder of Solana, reported a $283 million net loss for the fiscal quarter ended March 31, 2026, primarily from fair-value markdowns on its treasury holding of 7.04 million SOL as the asset depreciated over the period. This marks a significant earnings impact for a major institutional holder and highlights the scale of unrealized losses now totaling nearly $1 billion on its SOL position, most of which remains staked for yield. Meanwhile, Solana ETFs experienced $5.97 million in net inflows on May 14, and Dartmouth College’s endowment disclosed a $3.3 million allocation to the Bitwise Solana Staking ETF. The Alpenglow network upgrade also moved into validator testing, targeting faster transaction finality, though price action has remained under broader selling pressure.

Mixed daily signals as weak momentum counters support levels

SOL price has interacted with several key technical levels: it is currently above the SMA-20 at $88.25 and SMA-50 at $85.66, but remains well below the SMA-200 at $111.94. The Ichimoku Kijun level on the daily chart sits at $89.91, providing immediate support just under the current price. Momentum signals are mixed: on the daily chart, MACD triggers a buy while ADX reports weak trend strength, and both RSI and CCI reflect mild bullishness without overbought conditions. Contrasting this, Stoch RSI and Bull/Bear Power (BBP) deliver conflicting indications, with BBP noted as overbought on daily timeframes but short-term readings signaling oversold levels and increasing selling pressure. Oscillator divergence and weakening short-term momentum align with the intraday move toward sellers, moderating the impact of daily bullish signals.

Sideways outlook persists as breakout risks remain limited

Over the next five trading days, SOL is expected to oscillate within a $87.00–$94.00 volatility band relative to current levels, acknowledging elevated recent price swings. The probability of an upward breakout is low, with less than a 20% chance, reflecting a lack of buy signals on weekly indicators and a longer-term bearish backdrop. The base scenario considers SOL trading sideways, maintaining ground above $89.91 but failing to surpass resistance at $94.00. Should the price break above $94.00, a short squeeze toward the next resistance may be triggered, while a slide below the $89.00–$90.00 zone could spur an accelerated decline toward further support just below $87.00.

Anton Kharitonov, expert at Traders Union, sees recent institutional events as a warning signal for Solana. He points to Forward Industries’ deep unrealized losses and ongoing selling pressure as evidence of persistent downside risk. Technical signals remain mixed, with upside attempts likely capped near $94.00 barring a short squeeze. "Base case is range trading under resistance — until SOL reclaims the $94.00 level decisively, I stay defensive."

Earlier, analysts noted that Solana had led declines among major crypto assets amid market-wide risk aversion stemming from geopolitical tensions. Current technical and flow data support a cautious stance, with the primary risk now being an accelerated move lower if the $89.00–$90.00 support zone fails over the next trading sessions.

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.