Solana price prediction: Can $67.02 support hold as SOL slides?

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Solana drops 1.45% today to $69.95

Highlights

Toss Bank’s integration of Solana-based stablecoins aims to drive cross-border payments for its 15 million users, expanding Solana’s payment utility.
Institutional adoption increased as MoneyGram became a Solana validator and Baillie Gifford launched the first UK-regulated tokenized bond fund on Solana and Ethereum.
Solana faces short-term consolidation with a $67.02–$71.53 trading range and bearish momentum outweighing technical overbought signals.

Institutional expansion accelerates as selling pressure dominates price action

South Korea’s Toss Bank announced a partnership to utilize Solana-based stablecoins for cross-border transfers across its 15 million user network, potentially increasing on-chain transactional demand and expanding the blockchain’s use case in international payments, according to Cryptoslate. MoneyGram was reported by Coinmarketcap to have joined the Solana blockchain as a validator, providing institutional transaction processing and staking activity. Additionally, Baillie Gifford launched BAGEY, the first UK-regulated tokenized bond fund delivered natively on Solana and Ethereum, with BNY supplying custody and wallet support, while Allfunds Blockchain broadened its institutional fund distribution via Solana’s public infrastructure. These corporate actions may enhance Solana’s institutional reach and application, though price action has remained under broader selling pressure.

Intraday buyer momentum diverges from technical overbought signals

SOL/USD is trading above the MA-20 at $69.32 yet remains under the MA-50, which stands at $71.26 on the hourly chart, and decisively below the long-term MA-200 at $96.8. Resistance is most immediate at the Ichimoku Kijun level of $70.1, while support is marked at $67.02. MACD signals a strong sell and ADX highlights ongoing seller pressure; the RSI reads neutral at 51.37. Oscillators such as Stoch RSI, CCI, and BBP each indicate overbought conditions, and BBP especially points to intraday buyer dominance. The Awesome Oscillator remains neutral and does not confirm the prevailing momentum. A notable divergence is seen between intraday strength and overstretched oscillators.

Downside risk elevated as range-bound consolidation prevails

In the short term, Solana is expected to consolidate within a typical volatility band between $67.02 and $71.53 over the next 2–3 trading days. Downward movement holds a higher probability at 62%, with upward moves estimated at 38%. Sustained gains would require a clear break above the immediate resistance at $70.1, while a loss of support at $67.02 could accelerate declines.

Viktoras Karapetjanc, analyst at Traders Union, sees mounting evidence of institutional adoption for Solana, with direct partnerships and regulated offerings building network credibility. He believes broadening use cases, especially in payments and fund tokenization, are strong fundamental drivers despite short-term price weakness. Karapetjanc notes that technical momentum remains capped, but major corporate moves may support future inflows. "If market sentiment stabilizes, the groundwork laid by these institutional integrations could drive the next upside in SOL," the expert concludes.

Earlier, analysts noted that Solana faced ongoing regulatory headwinds and technical uncertainty, which had limited institutional participation and suppressed bullish sentiment. The latest wave of major corporate integrations adds institutional relevance but has yet to shift price dynamics, making a decisive move above $70.1 or below $67.02 the key trigger for Solana’s next directional trend.

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.