Solana price prediction: $74.77 resistance in focus as SOL rises 4.9%

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Solana jumps 4.9% to $71.77 today

Highlights

Solana’s weekly tokenized stock trading surged to $2.5 billion, significantly boosting on-chain activity and platform revenues.
Institutional and payment provider adoption—including Morgan Stanley, MoneyGram, and Western Union—are fueling stronger demand and positive sentiment for SOL.
SOL/USD shows near-term bullish momentum with an expected range of $69.32 to $74.77, but overbought signals and mixed oscillators suggest short-term consolidation or caution is warranted.

Tokenized stock surge and institutional filings boost solana demand

A notable surge in tokenized stock trading volumes on the Solana network, reaching $2.5 billion in weekly activity according to CoinDesk, is accelerating demand for Solana’s on-chain services as more users engage with tokenized equities and related financial instruments. The robust expansion in real-world asset tokenization, confirmed by Tronweekly with total value rising beyond $2.8 billion and daily tokenized equity trading topping $553 million, further amplifies network activity and platform revenues. Additional traction comes from major payment providers MoneyGram and Western Union expanding Solana’s role in cross-border settlements, while institutional attention grows as Morgan Stanley filed an amended S-1/A for a proposed spot Solana trust, per Bitcoinist. Together, these developments explain elevated usage, stronger demand for SOL, and positive sentiment underpinning the current upward move in the market.

Strong bullish signals emerge amid mixed momentum and support divergence

On the technical front, SOL/USD trades above the MA-20 at $71.35 and MA-50 at $69.22 on the hourly chart, but remains well below the long-term MA-200 at $95.85. Immediate support is marked by the Ichimoku Kijun level at $69.92. Momentum indicators are mixed: the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) both signal strong bullish momentum, while the Relative Strength Index (RSI) at 61.43 and Commodity Channel Index (CCI) both point to continued buying. However, Stochastic RSI indicates a short-term sell, and Bull/Bear Power (BBP) flags an overbought condition, suggesting caution. The Awesome Oscillator is neutral, highlighting that not all signals confirm the prevailing uptrend. Some divergence among oscillators points to a potentially choppy near-term setup.

Consolidation expected as breakout risk drives near-term outlook

In the short term, SOL/USD is expected to consolidate within a band from $69.32 to $74.77 as a typical volatility range. The base case anticipates sideway action in this zone, with a 71% probability of an upward breakout targeting levels above $74.77, while the chances for a reversal below $69.32 are estimated at 29%. A decisive move outside this band will likely dictate the next directional momentum.

Viktoras Karapetjanc, expert at Traders Union, sees powerful fundamental tailwinds for Solana as real-world asset tokenization and cross-border payment integrations drive demand. He believes institutional interest, supported by the Morgan Stanley trust filing and rising network activity, is shaping market sentiment toward further upside. Technical indicators show momentum remains positive above key moving averages, though near-term signals are mixed. He notes that consolidation above the $69.32 support increases the odds of a bullish breakout. "With institutional flows and payment adoption gaining traction, I expect Solana to remain a leader in the next phase of digital asset growth."

Earlier, analysts noted that while Solana benefited from growing institutional access and ecosystem upgrades, it continued to face medium- and long-term selling pressure and a cautious outlook. The recent surge in tokenized asset volumes and increased adoption in cross-border payments now add further momentum to Solana's narrative, making the next decisive breakout beyond the current $69.32–$74.77 range a critical signal for traders monitoring the asset's trend direction.

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.