Solana price prediction: Watching $68.58 resistance as SOL posts 2.75% rise

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Solana jumps 2.75% on new futures

Highlights

Kalshi's launch of Solana perpetual futures grants US institutions regulated derivatives access, broadening institutional participation in SOL markets.
World Series of Poker's Solana-based, zero-fee crypto buy-ins mark increased mainstream and real-world payment adoption for the token.
SOL/USD trades with short-term bullish momentum and mixed technical signals, expected to range between $62.72 and $68.58 over 2–3 days, with a 67% probability of further upside.

Institutional platforms and event tie-ups fuel Solana demand

The launch of Solana perpetual futures on the CFTC-regulated Kalshi platform, announced by Parameter, increases regulated derivatives access for SOL and opens additional trading venues to US institutions. This expansion of institutional avenues for Solana could amplify on-chain liquidity and foster growth in trading volumes, serving as a direct catalyst for recent demand. Secondary support arises from the World Series of Poker's partnership with Solana, as confirmed by SCCG Management, which integrates zero-fee crypto buy-ins for tournament participants and demonstrates further adoption in mainstream event payments. These developments strengthen the real-world utility and institutional footprint of Solana.

Mixed momentum as SOL navigates support and resistance zones

Technically, SOL is trading above its MA-20 and MA-50 levels on the hourly chart, while the MA-200 sits higher at $100.78 and acts as longer-term resistance. Immediate support is found at the Ichimoku Kijun level at $66.10, with short-term volatility remaining moderate. On the momentum side, both ADX and MACD signal sustained buyer interest, while RSI and BBP highlight ongoing intraday buying strength. However, with Stoch RSI in oversold territory and CCI neutral, some rebound potential is present, though overall signals are mixed.

Sideways bias with breakout risks as volatility defines range

Looking ahead to the next 2 to 3 trading days, the projected price range for SOL is $62.72 to $68.58, reflecting its recent volatility band. The probability of further upside stands at 67%, while a reversal lower is less likely at 33%. The main scenario favors sideways movement within this corridor, with a decisive breakout above resistance near $68.58 leading to a bullish extension, and a failure of support at $66.10 potentially triggering a short-term retracement.

Anton Kharitonov, expert at Traders Union, sees recent Solana news as providing clear institutional tailwinds, but remains defensive given mixed technical signals. He believes that the launch of regulated Kalshi futures and the WSOP partnership add credibility and utility, but that the upside scenario requires confirmation above key resistance. Until price decisively breaks the $68.58 level, he stays cautious. "Base case remains rangebound, and I avoid bullish positions unless $68.58 is reclaimed with strong momentum."

Earlier, analysts noted that while Solana showed signs of short-term strength, its outlook remained uncertain amid regulatory scrutiny and mixed technical momentum. The latest developments—rising institutional access and real-world adoption—lend stronger support to a bullish bias, making a breakout above $68.58 an important signal for the next directional move.

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.