Solana price prediction: Will $89.91 resistance cap SOL upside?

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Solana up 0.90% as ETF inflows surge

Highlights

Spot Solana ETF assets in the US exceeded $1 billion on May 18, 2026, reflecting strong institutional inflows and rising market access.
Goldman Sachs fully liquidated $108 million of Solana ETF holdings in Q1, even as on-chain activity and USDe adoption surged.
SOL trades below key moving averages with sellers dominating, and is expected to range between $83.75 and $87.10 over the next five days.

Institutional rotation shapes capital flows amid network resilience

The total assets under management for spot Solana ETFs in the United States surpassed $1 billion on May 18, 2026, reflecting robust institutional capital inflows which broaden market access and liquidity for the asset. This structural demand occurs alongside recently reported liquidations from Goldman Sachs, which fully exited its Solana ETF holdings in the first quarter by shedding approximately $108 million, as publicly confirmed through its SEC Form 13F dated May 15. Despite this rotation from a major financial institution, Solana has led the crypto ecosystem in on-chain activity, user participation, and also saw more than $560 million of USDe stablecoin deployed on its blockchain within five days, marking resilient network usage. These events illustrate evolving institutional positioning and strong underlying blockchain utility.

Mixed momentum as oversold signals meet narrow range

SOL is trading below the SMA-20 ($88.45), SMA-50 ($85.92), and SMA-200 ($109.81) levels, with the Ichimoku Kijun (D1) at $89.91 serving as immediate overhead resistance. Momentum indicators send mixed signals: the D1 MACD is in strong buy territory, while the ADX at 12.25 indicates a weak trend. Oscillators including RSI (43.78), CCI (–61.48), and Stoch RSI (1.72) all reflect oversold conditions, and BBP (–3.10) confirms intraday seller dominance. The session's price action remains within a moderately narrow $84.55–$85.83 range following a small opening gap, suggesting indecision and sideways consolidation.

Low upside odds as consolidation holds under resistance

Over the next five trading days, price action is expected to remain within the typical volatility band of $83.75 to $87.10, reflecting current sideways consolidation. The probability of further upside is low (less than 20%), given persistent weekly Sell signals from key trend and momentum indicators. A sustained break above immediate resistance at $89.91 would be required for a bullish scenario, potentially enabling further gains. Conversely, a breach of support at $83.75 would likely trigger additional selling, given the prevailing medium- and long-term downside pressure.

Viktoras Karapetjanc, expert at Traders Union, believes strong institutional demand supports Solana’s fundamental value, even as major players like Goldman Sachs rotate out. He sees robust on-chain activity and stablecoin inflows as evidence of deepening adoption and healthy network utility. Near-term technicals suggest sideways action while market structure consolidates. The analyst remains constructively optimistic on the macro setup. "Institutional flows and active usage are laying solid groundwork for Solana’s long-term growth, and I remain positive on its outlook above key supports."

Earlier, analysts noted that Solana continued to grapple with regulatory headwinds and subdued momentum, which limited its upside potential. With the emergence of sizable institutional ETF inflows and resilient on-chain activity, traders should watch for a decisive move above $89.91, as a break of this resistance could mark a turning point in Solana's broader trajectory.

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.