Solana price prediction: Sideways action ahead? SOL holds steady above key supports

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Solana rises 0.46% today to $194

Highlights

Solana (SOL) trades at $194.18, below its MA-20 ($197.32) and MA-50 ($213.28) yet strongly above the MA-200 ($176.87), reflecting medium-term seller pressure but maintaining long-term bullish structure.
Solana’s DeFi total value locked surpasses $11 billion for the first time since early 2022, driven by institutional adoption, network growth, and migration from Ethereum due to high gas fees.
Despite mixed daily momentum signals and low conviction, Solana is expected to trade between $154.83 and $177.64 over the next five days, with an over 80% probability of price increase.

Network growth accelerates as DeFi activity and Ethereum migration drive demand

Solana’s DeFi ecosystem continues to expand, with the total value locked recently climbing above $11 billion, the highest since early 2022, highlighting robust network fundamentals. Improved trading activity, increased daily wallet numbers, and expanding network uptime have also driven renewed interest, with some migration from Ethereum due to high gas fees. Institutional adoption and new decentralized application partnerships further contribute to Solana’s network growth.

Momentum signals diverge as bullish buyers meet weak trend strength

Momentum signals on the daily timeframe are mixed, with MACD showing a strong sell while ADX is neutral, indicating weak trending strength. RSI sits in neutral-to-bullish territory and Stoch RSI is in the buy zone without clear overbought extremes, while CCI is neutral and BBP points to balanced intraday forces. The Awesome Oscillator does not currently support the daily upward move. The price is up $0.89 or 0.46% for the day, with a narrow gap at the open and price near today's highs ($194.75) in a moderate volatility session. There is some divergence between momentum and oscillators, suggesting that buyers are attempting to push higher, but conviction remains low and signals are contradictory. The tone intraday is tilted mildly bullish amid moderate volatility, as price holds close to session highs.

Sideways action likely as upward momentum faces resistance breakout risk

For the next five trading days, the expected price range is $154.83 to $177.64. The probability of a price increase is very high (more than 80%), while a decline is much less likely under current conditions. The baseline scenario expects Solana to trade sideways, supported by strong weekly moving averages and moderate upward momentum. A bullish scenario would see the price break above $197.32 and approach $203.29, targeting the upper part of the recent range. The bearish risks involve a drop below $176.87, exposing it to further weakness toward the weekly forecast low.

Viktoras Karapetjanc, expert at Traders Union, sees Solana’s current technical setup as moderately constructive, with clear near-term resistance but a strong long-term bullish structure sustained by robust network fundamentals and expanding DeFi ecosystem metrics. He believes that institutional adoption and user migration are fostering a supportive macro environment for price appreciation despite mixed short-term momentum and some intraday hesitation. With high probability assigned to further upside and healthy network participation, the analyst remains tactically positive for the coming week. "As long as Solana remains above the $176.87 level and continues to attract users and institutional partners, I expect further strength, potentially targeting resistance near $203.29 this week."

Previously it was noted that institutional engagement with Solana reached new highs, supported by a record number of ETF applications. In addition, exchange data showed improving flows as traders responded to improving on-chain flows and growing demand for diversified crypto exposure.

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.