Solana price prediction: $78.29 resistance in focus as SOL gains 1.80%

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Solana rises 1.8% to $73.09 today

Highlights

Solana's daily transactions have more than doubled in 2026, fueled by a surge in stablecoin transfers and DeFi usage.
Institutional adoption accelerates, with BlackRock's BUIDL fund reaching $525.4 million on Solana and record spot trading volumes reported on decentralized exchanges.
SOL/USD shows strong short-term bullish momentum with overbought technicals, projected to trade between $71.26 and $78.29 over the next few days.

Core network activity jump as institutional and DeFi adoption accelerate

Solana's daily transactions have more than doubled since January 2026, driven by a sharp increase in stablecoin transfers and DeFi activity, according to Cryptobriefing. This surge in core network usage enhances utility for the SOL token and underpins heightened buy-side interest. Institutional adoption is further exemplified by BlackRock’s BUIDL fund reaching $525.4 million in assets on the network in the first quarter, as reported by Cryptonews, while Solana’s decentralized exchanges processed record spot trading volumes that rivaled traditional markets on Thursday. Additional confidence stems from over 24 months without a major outage, and the newly announced Dozn partnership with the Solana Foundation suggests future growth in Web3 financial infrastructure.

Sustained bullish signals as overbought momentum meets volatility boundaries

On the H1 chart, SOL/USD trades above the MA-20 at $72.35 and the MA-50 at $70.61, while remaining below the MA-200 at $97.81 on the daily timeframe. The Ichimoku Kijun line, positioned at $71.96, acts as immediate support. Momentum indicators signal robust buying: both MACD and ADX show Buy readings, while RSI at 72.89, Stoch RSI, CCI, and BBP are all in overbought territory. The Awesome Oscillator is neutral, signaling mixed short-term momentum among oscillators. Immediate support rests at $71.96, with resistance projected near the upper bounds of the current volatility range.

Range-bound movement expected as buyers defend consolidation zone

Over the next two to three trading days, SOL/USD is likely to trade within a volatility band between $71.26 and $78.29. The baseline scenario is for price consolidation between these support and resistance levels, reflecting strong underlying buying interest. A decisive break above $78.29 would indicate renewed upward momentum, while a breach below $71.26 could trigger a bearish scenario with increased downside risk.

Viktoras Karapetjanc, analyst at Traders Union, sees Solana's doubling in daily transactions and ongoing institutional adoption as clear signs of strengthening fundamentals. He notes robust on-chain activity and stability, further supported by technical momentum and continued interest from major players. The expert expects price to consolidate with a positive tilt as long as support at $71.26 remains intact. 'Current growth in network activity and institutional flows make a decisive breakout above $78.29 increasingly likely in the coming days,' Karapetjanc says.

Earlier, analysts noted that Solana’s outlook was improving due to growing institutional interest and increasing blockchain activity, though regulatory uncertainty posed limitations. The latest surge in on-chain transactions and major fund deployments now further bolsters Solana’s momentum, making a breakout above $78.29 the key level to signal sustained bullish continuation in the near term.

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.