Solana price prediction: Will $89.91 resistance hold as SOL advances 2%?

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Solana rises 2.00% to $86.12 today

Highlights

Solana ETFs attracted $1.1 billion in net inflows over 11 days, signaling strong institutional demand and liquidity rotation.
Morgan Stanley increased Solana ETF holdings as Goldman Sachs exited positions, reflecting active rebalancing and diverse institutional strategies.
Solana trades below key technical levels with weak momentum and oversold signals, projecting a likely range-bound move between $84.50 and $87.80.

Institutional inflows rise as major funds rotate positions

A surge of $1.1 billion in net inflows to Solana ETFs over the past 11 days is directing significant institutional capital toward the asset, channeling new liquidity and fueling buying interest across regulated markets. This trend is further highlighted by major players such as Morgan Stanley building up Solana ETF positions during the same period, while others like Goldman Sachs have executed large-scale exits, pointing to a dynamic rotation among institutional holders. The May 15 redemption of $737,016 (3.64% of assets) from the ProShares Ultra Solana ETF marks selective rebalancing but does not offset the broader momentum of new inflows and shifting allocations.

Oversold signals clash with neutral momentum below key resistance

On the technical front, SOL is trading beneath its MA-20 at $88.95, MA-50 at $86.35, and MA-200 at $107.54. The Ichimoku Kijun level stands at $89.91, serving as immediate resistance. Momentum indicators, including MACD and ADX on the daily chart, remain in neutral zones, while oscillators such as Stoch RSI and BBP are oversold and CCI sits well in negative territory, complemented by an RSI at 46.29. Intraday action remains confined within a narrow $85.63–$86.22 range, and there is clear divergence between oversold oscillator signals and muted trend confirmation from the Awesome Oscillator.

Low breakout odds as downside risk builds within tight range

Over the next five days, SOL is expected to trade within a volatility band of $84.50 to $87.80 based on recent price behavior. The probability of a sustained upward breakout beyond $89.91 is assessed to be very low, making a further decline or continued sideways action more likely. A bullish scenario would depend on a decisive move above $89.91, while downside risk accelerates if the price were to break below $84.50.

Anton Kharitonov, expert at Traders Union, sees institutional demand as a clear short-term positive for Solana, given the notable $1.1 billion net inflow into ETFs. However, he highlights that technical conditions remain unconvincing due to oversold oscillators and the failure to reclaim key moving averages. Momentum is muted, and the price still faces strong resistance at $89.91. "I remain cautious — unless SOL can decisively break above $89.91, the path of least resistance is sideways or lower."

Earlier, analysts noted that Solana was experiencing persistent bearish momentum with sideways trading amid ongoing market uncertainty. The current influx of institutional ETF inflows adds a new dimension to Solana’s outlook, with traders advised to monitor $84.50 as the critical downside risk level in light of heightened volatility and shifting market participation.

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.