-1.72% for Solana — sellers keep control as weekly indicators turn negative

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Solana slips 1.72% today to $156.82

Highlights

Solana (SOL) trades at $156.82, below its MA-20, MA-50, and MA-200, signaling continued bearish pressure and resistance at $178.55.
Forward Industries announced a $1 billion Solana buyback, while US-listed Solana ETFs like Bitwise's BSOL attracted over $531 million in first-week inflows.
Bearish momentum persists as daily MACD, RSI (31.89), and CCI (–189.58) are deeply negative, with weekly price risk concentrated between $122.33 and $158.49.

Buyback plans and ETF launches drive institutional flows despite market headwinds

Forward Industries, the largest Solana treasury holder, announced a $1 billion buyback, increasing the value of shares tied to its Solana holdings. Recent institutional adoption was highlighted by the launch of multiple US-listed Solana ETFs, such as Bitwise's BSOL, which integrated staking rewards and generated inflows over $531 million in its first week. The network also saw significant infrastructure upgrades, including Solmate Infrastructure's deployment of the UAE's first bare-metal validator at 0% commission, Alchemy's scale expansion, Sonami's Layer 2 announcement, and new income ETF launches amid growing Asian demand and a declining stablecoin market cap.

Deep oversold signals and weak trend as bearish momentum persists

Momentum indicators show bearish signals, with the daily MACD remaining in a sell mode and the ADX at a low 19.78, pointing to a weak trend. Oversold readings on the daily RSI (31.89), Stoch RSI (12.83), CCI (–189.58), and BBP (–13.26) highlight strong seller dominance and deep oversold conditions. Awesome Oscillator also aligns with the bearish momentum. The price slipped 1.72% today, with no significant gap between the previous close ($159.56) and today’s open ($155.27). SOL currently sits mid-range for the day ($154.22–$158.62), reflecting moderate volatility and persistent pressure after the open. While oversold signals hint at a possible short-term bounce, the overall intraday tone remains under bearish control.

Further downside likely as weekly indicators favor consolidation and decline

For the week ahead, the expected price range is $122.33 to $158.49. Based on sentiment across weekly indicators (RSI, ADX, MACD, MA-50), there is a very low probability (less than 20%) of a meaningful price increase. A further decline is much more likely. In the baseline scenario, SOL fluctuates between $122.33 and $158.49, consolidating after recent declines. The bullish scenario would require a decisive break above $158.49 and then $178.55. In the bearish case, breaching support at $154.22 could open the way toward the $122 level.

Anton Kharitonov, expert at Traders Union, notes that Solana remains under heavy technical pressure, with all major moving averages and momentum indicators signaling persistent bearish dominance. Despite positive fundamental developments such as institutional ETF inflows and notable infrastructure upgrades, current sentiment and price action suggest no imminent recovery. He maintains a cautious tactical view, highlighting that the base case is further consolidation or decline unless $158.49 and $178.55 are decisively reclaimed. "Until SOL breaks above $158.49, I see little reason to trust any short-term bounce — caution remains warranted."

Previously it was noted that Solana broke below a key support range, with technical analysis confirming a shift to a bearish continuation. The article highlighted that persistent distribution and negative netflows signaled ongoing selling pressure in the market.

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.