Solana price prediction: $83.80 support in focus as SOL loses nearly 3%

Traders Union
All News
Crypto News
Solana slides 2.91% today to $84.45

Highlights

Jump Crypto’s Firedancer client began producing blocks on Solana mainnet, enhancing network resiliency with independent validation and active security audits.
Solana’s real-world asset value reached a record $2.8 billion amid growing user adoption, though price remains under sustained selling pressure.
SOL trades below major moving averages, with bearish momentum dominating and a high-probability range of $83.80 to $87.20 over five sessions.

Network resilience grows amid validator upgrade and user surge, but selling persists

Jump Crypto’s Firedancer validator client began producing blocks on the Solana mainnet on May 17, 2026, adding a second independent client after several years of development. This structural upgrade introduces further resilience to the network architecture, with security audits and a $1 million bug bounty launched in tandem to address operational risks, though validators have been advised to proceed cautiously until additional audits are completed. The RWA Foundation also recorded an all-time high of $2.8 billion in real-world asset value on Solana alongside notable active user growth, though price action has remained under broader selling pressure.

Technical barriers firm as mixed momentum signals weak trend

On the technical front, SOL is trading below the MA-20 ($88.42), MA-50 ($85.85), and MA-200 ($110.31), with the Ichimoku Kijun level ($89.91) acting as immediate resistance. Momentum indicators are mixed: the MACD on D1 delivers a strong buy reading, but the ADX is low at 12.17, indicating trend weakness. RSI sits at 44.54, with Stoch RSI in oversold territory, and the CCI reading is neutral. The Bull/Bear Power (BBP) is deeply negative at –2.32, revealing persistent seller dominance. The session opened with a small gap down, and the current price hovers near the intraday low within a compressed range, reflecting ongoing pressure and low volatility.

Downside risks elevated as upside breakout probability shrinks

Looking ahead over the next five sessions, the expected price range for SOL is $83.80 to $87.20, aligned with recent typical volatility. The probability of an upward breakout is very low, estimated at below 20%, indicating a higher risk of additional declines if support at $83.80 fails. The baseline scenario is for SOL to oscillate sideways below resistance, while a more optimistic outcome would require a firm break above the $89.91 Kijun to shift sentiment.

Anton Kharitonov, analyst at Traders Union, sees Solana’s structural improvements as positive for long-term network integrity but notes little direct impact on near-term price action. Technical signals remain mixed, with persistent seller dominance and key resistance unbroken. He believes risk remains to the downside while SOL trades below critical moving averages and the $89.91 barrier. "Base case is sideways to lower as long as SOL stays capped below resistance — buyers remain on the sidelines for now."

Earlier, analysts noted that Solana was facing limited momentum and persistent selling pressure, reflecting a cautious short-term outlook despite signs of increasing institutional activity. With the Firedancer client upgrade now live and fresh user growth data emerging even as downward pressure persists, attention should turn to the $83.80 support level as a potential inflection point for near-term price 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.