Solana price prediction: Will $67.57 support hold? SOL trades down

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Solana slides 1.19% today to $69.12

Highlights

Goldman Sachs fully exited its $108 million positions in spot Solana ETF and trusts, intensifying institutional capital outflows from Solana.
Despite capital flight, Solana network adoption continues as MoneyGram launches a validator and Toss Bank partners for South Korean stablecoin payments.
Technical outlook is bearish with momentum signaling further downside; SOL/USD expected to trade between $66.13 and $71.42 over the next 2-3 days.

Institutional outflows and new validators reshape support dynamics

Goldman Sachs fully liquidated its $108 million holdings in spot Solana ETF and trust products, signaling a significant withdrawal of institutional capital and reducing a key source of support, according to Tradingkey. This move coincided with ongoing net capital outflows from US-listed spot Solana exchange-traded funds, further removing financial inflows and contributing to a more supply-driven environment. Meanwhile, MoneyGram launched a validator node on the Solana network and joined its institutional developer platform, as reported by Forklog, while Toss Bank and the Solana Foundation partnered to test blockchain-based global stablecoin payments aimed at 15 million customers in South Korea, as noted by Criptolog.

Intraday volatility rises as technicals signal prevailing downside

On the hourly chart, SOL/USD remains above the MA-20 at $67.84 and MA-50 at $68.88, providing near-term support, but sits well below the long-term MA-200 at $96.48. The Ichimoku Kijun is positioned at $67.57, acting as immediate support. Momentum readings are largely negative: the Moving Average Convergence Divergence (MACD) shows a Strong Sell, the Average Directional Index (ADX) confirms prevailing selling strength, and the Relative Strength Index (RSI) stands at 45.12, suggesting a Sell bias. However, the Stochastic RSI is Overbought, the Commodity Channel Index (CCI) is Neutral, and Bull/Bear Power indicates sellers retain dominance, all while the Awesome Oscillator supports a prevailing downward momentum. This mix reveals intraday volatility and some short-term indicator divergence.

Bearish breakout risk elevated within narrow trading corridor

For the next 2-3 trading days, SOL is expected to remain within the volatility band of $66.13 to $71.42. The probability of a downward move is higher at 74%, while an upward move carries a 26% chance. Primary expectations are for the price to remain constrained within this corridor. A breakout above $71.42 would open a bullish scenario, while a decline below $67.57 signals renewed bearish momentum.

Viktoras Karapetjanc, Senior Analyst at Traders Union, highlights that Solana is navigating a period of institutional withdrawal, with the Goldman Sachs liquidation marking a clear reduction of market support. He observes, however, that the network continues to attract real-world adoption through MoneyGram and Toss Bank partnerships. Karapetjanc believes this fundamental strength helps to offset much of the current negative sentiment in the market. In his view, development on Solana is resilient despite substantial outflows. "While short-term pressure remains, I see the continued institutional engagement and payment use cases as reasons to stay strategically optimistic on Solana’s long-term outlook."

Earlier, analysts noted that Solana faced persistent bearish momentum amid regulatory uncertainty and institutional outflows, highlighting downside risks. Fresh evidence of major institutional withdrawals and continued net outflows reinforces this negative outlook, making the price’s hold above $67.57 a pivotal level for traders to monitor in the days ahead.

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.