Solana price prediction: $83.00–$87.00 range? SOL trades flat

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Solana drops 0.40% today to $84.87

Highlights

Goldman Sachs' complete withdrawal from Solana ETFs in Q1 2026 triggered significant institutional outflows and heightened selling pressure on SOL.
A major long-term holder sold over $137 million in Solana since 2025, amplifying secondary market supply despite robust Q1 network activity and asset tokenization growth.
SOL trades under key moving averages with weak, oversold technicals, and is likely to continue ranging between $83.00 and $87.00 in the near term.

Liquidity reduction as Goldman exit and holder sales pressure Solana

Goldman Sachs' full exit from all Solana ETF positions in the first quarter of 2026 removed a major source of institutional capital, reducing market liquidity and contributing to selling pressure on SOL. Alongside this, substantial secondary sales emerged as a long-term holder sold over $137 million in Solana since 2025, increasing circulating supply and further weighing on market dynamics. Meanwhile, Solana's network recorded $342.2 million in Chain GDP for Q1 2026 and completed a 43% increase in real-world asset tokenization to $2.01 billion, while the Alpenglow upgrade progressed to live validator testing to improve transaction speeds — though price action has remained under broader selling pressure.

Bearish momentum persists as Solana tests key technical boundaries

On the technical front, SOL currently trades below the SMA-20 at $88.52, the SMA-50 at $85.95, and well under the SMA-200 at $109.29. The Ichimoku Kijun provides immediate resistance at $89.91. Momentum signals are weak, with both MACD and ADX neutral, while the RSI at 41.76 and CCI at -67.59 flag ongoing bearish momentum but not oversold territory. The Stoch RSI and Bull/Bear Power (BBP) are in oversold zones, suggesting dominant seller activity on intraday timeframes, with the Awesome Oscillator confirming the persistent downtrend.

Rangebound trading expected as bulls face persistent downside risk

For the next five trading days, the anticipated volatility band lies between $83.00 and $87.00. The probability of a price increase remains below 20%, favoring a continuation of the current downtrend. Baseline expectations are for SOL to consolidate within this range, with a bullish reversal scenario requiring a breakout above the $89.91 resistance, while a drop below $83.00 would likely open further downside risk.

Viktoras Karapetjanc, expert at Traders Union, sees recent institutional outflows and large-scale sell-offs shaping the current weakness in SOL. He notes Solana’s network fundamentals remain strong, highlighted by growing tokenization and ongoing technical upgrades. However, macro sentiment has turned defensive due to capital reallocation by key players and increased secondary supply. Analyst believes that any sustained upside still depends on improved risk appetite and a break above $89.91. "The foundation is there, but without renewed institutional support, I expect further range trading and see upside as limited until the sentiment shifts or capital flows return."

Previously it was reported that major financial institutions such as Bank of America maintained a cautious but ongoing presence in Solana-linked ETFs alongside their broader crypto holdings. With Goldman Sachs' complete exit amplifying recent selling pressure, traders should closely monitor the $83.00 support level, as a sustained break below this threshold could accelerate downside momentum.

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.