Solana price prediction: Can $71.54 resistance cap SOL's uptrend?

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Solana rises 2.52% today to $68.45

Highlights

Solana secures institutional support via a partnership with Kazakhstan's Alatau City to boost blockchain startups and digital infrastructure in Central Asia.
Tokenized real-world assets on Solana surge, led by SpaceX shares reaching $37.8 million in daily trading and major capital inflows from Ethena and Securitize.
SOL/USD is expected to consolidate within a $66.83–$71.54 range, with near-term momentum favoring upside amid mixed longer-term technical signals.

Institutional expansion accelerates as partnerships and capital inflows fuel Solana

The Solana Foundation has signed a memorandum of understanding with Kazakhstan's Alatau City to drive the development of blockchain startups and digital infrastructure in Central Asia, marking a significant step in institutional recognition and adoption of the Solana network. Simultaneously, Solana has seen a surge in tokenized real-world asset activity, highlighted by the debut of tokenized SpaceX shares (SPCX) achieving a notable $37.8 million in 24-hour trading volume. The expansion of the ecosystem is further demonstrated by the launch of Exodus Markets, strategic partnerships with Securitize and BNY, and substantial capital inflows such as Ethena’s $250 million allocation to the Securitize AAA CLO fund—each contributing to broader institutional access, higher network usage, and growing liquidity.

Mixed technical signals as short-term strength faces longer-term resistance

On the technical front, SOL is trading above the MA-20 and MA-50 on the hourly chart while remaining well below the MA-200 on the daily timeframe. The Ichimoku Kijun at $68.09 serves as immediate support. Momentum indicators offer a complex picture: MACD signals strong buy conditions, ADX confirms a buy, while RSI at 52.5 supports a mild buy bias. However, Stoch RSI indicates oversold conditions and CCI is neutral, with the Awesome Oscillator also reflecting a neutral stance. Bull/Bear Power (BBP) suggests moderate buyer dominance intraday, but there is clear divergence among oscillators.

Price consolidation expected as volatility and breakout risk persist

Looking ahead to the next 2–3 trading days, the expected short-term range for SOL is $66.83–$71.54, reflecting moderate typical volatility. The probability of an upward move is estimated at 65%, with a less likely downside scenario at 35%. The baseline scenario is for price consolidation within this range; a break above $71.54 could accelerate gains, while a fall below $66.83 would likely bring deeper support levels into play.

Viktoras Karapetjanc, expert at Traders Union, believes that Solana's recent agreement with Alatau City and strong institutional inflows demonstrate clear momentum and growing credibility for the network. He sees rising tokenized asset activity and deepening partnerships as key drivers for further adoption. Short-term consolidation is likely, but the technical and sentiment backdrop remains firm. "With institutional capital moving in and new partnerships forming, I expect Solana to maintain positive momentum above the $68.00 level in the coming days."

Previously it was reported that expanding institutional infrastructure and real-world asset offerings were expected to support renewed upside momentum for Solana. The latest developments in Central Asian partnerships and surging tokenized asset volumes further enhance this constructive outlook, with traders advised to monitor the $71.54 level as a potential trigger for accelerated gains.

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.