Solana price prediction: Can $65.39 support hold as SOL extends losing streak?

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Solana slides 6.07% to $70.23 today

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Jose Antonio Gastelum

15 hours ago

Solana price prediction: Can $65.39 support hold as SOL extends losing streak? — Solana slides 6.07% to $70.23 today

Solana (SOL) is trading at $70.23 after a sharp daily decline of 6.07%. The asset sits below its key moving averages, reflecting heightened selling pressure on both intraday and longer-term charts.

SOL price prediction

24H 1.87%

$69.15

48H 2.93%

$69.87

7D -15.85%

$57.12

1M -0.74%

$67.38

3M 19.21%

$80.92

6M 58.78%

$107.78

12M -0.52%

$67.53

Detailed

Current price: $ 67.88 -4.4 6.09%

Real-time Data 22:16

Daily range 67.44

72.09

Weekly range 70.93

83.42

Highlights

Solana posted its eighth straight monthly decline in May, reflecting persistent selling despite major institutional adoption on its blockchain.
Large players such as Mastercard, Western Union, and SoFi increased Solana’s network utility with stablecoin and tokenized asset launches, though these gains have not yet reversed the bearish price trend.
SOL/USD remains under strong selling pressure, trading below key moving averages, with technical signals firmly bearish and a projected near-term range of $65.39 to $75.07.

Price weakness persists as institutional adoption fails to offset declines

Solana recorded its eighth consecutive monthly decline in May, indicating sustained selling pressure as noted by newsbtc.com. While major institutions such as Mastercard, Western Union, State Street, and SoFi executed stablecoin and tokenized asset launches on the Solana blockchain in the same period, expanding the network's institutional application footprint as reported by genfinity.io, these developments have yet to offset the prevailing trend. The selection of Solana by Mastercard for regulated stablecoin settlement and the processing of over $832 billion in stablecoin transfer volume in the first quarter of 2026, according to thestreet.com, highlight the blockchain's growth in usage though price action has remained under broader selling pressure.

Persistent resistance and bearish momentum with intraday volatility elevated

SOL/USD faces persistent resistance on multiple timeframes, with the price currently below the MA-20 ($72.49) and MA-50 ($74.96) on the hourly chart and well under the MA-200 ($103.50) on the daily timeframe. The Ichimoku Kijun at $71.74 acts as an immediate resistance level. Among momentum indicators, RSI stands at 38.68, while MACD, ADX, and CCI all generate sell signals. Stoch RSI is reading overbought—an outlier compared to generally bearish setups—while Bull/Bear Power (BBP) signals oversold conditions. The Awesome Oscillator remains neutral, not confirming the broad trend, while intraday volatility stays high and price action is mid-range for the session.

Sideways movement likely as downside risk outweighs rebound potential

In the short term, price action for SOL/USD is expected to remain within a volatility band of $65.39 to $75.07 over the next two to three trading days. The probability of an upward move is very low, with downside risk dominating unless a sustained breakout above resistance occurs. The most likely scenario is sideways movement within this range; further decline may develop if support at $65.39 fails, while a reversal would require a significant shift in both technical and momentum indicators.

Viktoras Karapetjanc, Analyst at Traders Union, sees institutional adoption of Solana accelerating, even as the asset remains trapped in a multi-month downtrend. He believes large-scale efforts by Mastercard and other major players are building a strong foundation for long-term network value. Macro and sentiment signals remain pressured, with short-term technicals still pointing lower. "Once markets absorb the current wave of selling, I expect these real-world partnerships will help drive a turn in sentiment and medium-term price stabilization for SOL."

Earlier, analysts noted that Solana faced persistent downside momentum, driven by sustained technical weakness and accelerated institutional outflows. The continued dominance of selling pressure despite increased institutional adoption on Solana’s network now reinforces the bearish outlook, with traders advised to closely monitor price action near the $65.39 support for signs of renewed downward momentum or potential stabilization.

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.