Solana failed to stay above $67 and corrected some gains. SOL price is moving lower and might aim for another increase if it stays above $63.00. SOL price started a downside correction below $66 against the US Dollar. The price is now trading below $65 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $66 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $63 zone. Solana Price Dips Again Solana price failed to stay above $67 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $66 and $65 to enter a short-term bearish zone. There was a move below the 50% Fib retracement level of the upward wave from the $60.12 swing low to the $67.90 high. There was a break below a bullish trend line with support at $66 on the hourly chart of the SOL/USD pair. The price even tested the $63.20 support. Solana is now trading below $65 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $65 level. The next major resistance is near the $66 level. The main resistance could be $67.20. A successful close above the $67.20 resistance zone could set the pace for another steady increase. The next key resistance is $68. Any more gains might send the price toward the $70 level. Downside Break In SOL? If SOL fails to rise above the $66 resistance, it could start another decline. Initial support on the downside is near the $63.10 zone and the 61.8% Fib retracement level of the upward wave from the $60.12 swing low to the $67.90 high. The first major support is near the $62.20 level. A break below the $62.20 level might send the price toward the $60 support zone. If there is a close below the $60 support, the price could decline toward the $55 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $63.10 and $62.50. Major Resistance Levels – $65.00 and $67.20.
After a steep selloff that reinforced bearish momentum, Solana appears to be entering a period of consolidation as Wave 4 unfolds. Such corrective phases often offer short-term relief and can also serve as a launching pad for the next leg of a downtrend. As the market searches for direction, the key question remains whether buyers can build a meaningful recovery or if another decline is waiting around the corner. Wave 4 Correction Takes Shape Amid Cooling Selling Pressure Analyzing Solana’s wave outlook on the 30-minute time frame, Elliott Waves Academy noted that the pair may be gearing up for another significant downside move following a decisive breakdown from its price channel. The recent decline has reinforced bearish sentiment, with price action signaling that sellers remain firmly in control of the broader trend. Related Reading: Why It’s Time To Start Paying Attention To Solana Before It Stages A Repeat Of 2024 According to the analysis, Solana has already reached the 261.80% Fibonacci extension level, suggesting that wave 3 has completed. As the strongest and most impulsive phase of the trend, wave 3 has played a key role in driving the current bearish structure lower. With wave 3 finished, the market appears to have entered wave 4, a corrective phase that typically follows an extended decline. Given the aggressive nature of wave 2 earlier in the sequence, wave four is expected to be more subdued, likely developing through sideways consolidation or a corrective triangle formation as the market temporarily stabilizes. Once the corrective structure is complete, attention will shift to the next bearish leg. A breakdown below the key support level of the correction could trigger wave five, opening the door for a decline toward the $81.33–$78.69 zone, representing the next downside targets for bearish traders. Three Months Of Consolidation Unleash A Powerful Breakout For Solana Crypto analyst Daan Crypto Trades pointed out that Solana delivered the expected 20–30% move after finally breaking out of its multi-month trading range. Such explosive price action is often seen after extended periods of consolidation, where volatility remains compressed before a decisive breakout triggers a strong directional move. Related Reading: Solana Just Made History, Could A Massive Recovery Be Next? The analyst emphasized the importance of waiting for confirmation. Once price escapes a range that has held for more than three months, momentum tends to accelerate rapidly, creating sizable opportunities for traders who react to the confirmed move rather than trying to predict it. Solana is now retesting a crucial weekly support level. According to Daan, this area represents one of the last major support zones on the chart, making it a critical battleground for bulls. Holding this level and reclaiming key horizontal resistance levels above could help restore bullish momentum and strengthen the case for another upward leg. Featured image from iStock, chart from Tradingview.com
Crypto analyst Crypto Patel has made a bullish case for Solana, explaining why it is time to start paying attention to the crypto asset. This came as he noted that SOL has printed 8 consecutive red monthly candles for the first time in its history. Why It Is Time To Start Paying Attention To Solana In an X post, Crypto Patel stated that Solana had just printed 8 consecutive red monthly candles in its existence and that this is worth paying attention to. He reiterated that this has never happened and then cited the 2021 bear cycle to explain why this could be significant for SOL. The analyst noted that back then, SOL crashed to around $8 after it topped at its all-time high (ATH) of $260 in November 2021. Related Reading: Solana Price Struggles Below $100, But This Level Changes Everything Crypto Patel mentioned that the 2021 bear phase also produced 9 red monthly candles, but that they were not consecutive. The 9th red candle is said to have marked the exact bottom at $8. Following the bear market bottom, SOL then went on to record a brand new ATH near $295 over the following years. The analyst noted that the current setup appears different and arguably stronger, with SOL forming 8 consecutive red candles, from a high of $253 down to a low of $67, and now the 9th monthly red candle is forming. He said that market participants have to wait for this month’s close before confirming anything, but that history has provided a familiar map. Crypto Patel further explained that if the 9th candle plays out as in the last bear cycle, it would signal a potential macro accumulation zone. He highlighted the $80 to $50 zone as the accumulation range to watch if the price extends lower. Meanwhile, if the fractal repeats itself, the analyst predicts that SOL could rally to a new ATH between $500 and $1,000. SOL Likely Heading Back To $67 In an X post, crypto analyst Jack Adams stated that he is almost certain that Solana is heading back to retest between $67 and $58 once more before it reverses to between $120 and $175 this year. He also mentioned that, based on the SOL/BTC and ETH charts, the crash should happen quickly rather than a slow bleed with regard to the buy zone. Related Reading: If The Bitcoin Price Crosses $400,000, Will The Solana Price Reach $1,500? Meanwhile, the analyst declared that the key monthly zone is within reach before the next bull cycle happens. He made this statement based on the previous monthly wicks and the area where it got heavily rejected earlier this year. SOL has notably suffered one of the largest crashes as the Bitcoin price extends its decline. At the time of writing, the Solana price is trading at around $70, down over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Solana has made history by posting an unprecedented streak of monthly losses, placing the cryptocurrency at a critical crossroads. While the trend remains bearish, similar conditions in previous cycles have preceded major recoveries. Solana Records An Unprecedented Eight Consecutive Red Months In a recent market analysis, Crypto Patel highlighted a remarkable development in Solana’s price history. SOL has now posted eight consecutive red monthly candles, marking the first time such a streak has occurred since the cryptocurrency was launched. This rare event could provide valuable clues about where the market stands within its broader cycle. Related Reading: Solana Clings To Critical Multi-Year Support As Breakout Pressure Builds Drawing comparisons to the previous bear market, the analyst recalled Solana’s dramatic decline from its 2021 all-time high near $260 to a low of approximately $8. During the downturn, SOL produced 9 monthly red candles in total, but they were not consecutive. Notably, the 9th red candle marked the cycle bottom, after which SOL embarked on a powerful recovery that ultimately pushed the asset to a new all-time high around $295. Patel pointed out that the current setup shares some similarities with that of the earlier period, but with notable differences. Solana has already fallen from roughly $253 to $67 while recording 8 straight months of losses, with the 9th monthly candle currently taking shape. While cautioning that it is still too early to draw firm conclusions, the analyst suggested that a repeat of the previous cycle’s behavior could signal the emergence of a macro accumulation zone at the $50–$80 range. A repetition of this pattern raises the possibility of SOL surging to higher levels between $500 and $1,000 during the next major market expansion. Ending Diagonal Pattern Hints At A Potential Trend Reversal On the 4-hour timeframe, Elliott Waves Academy has identified that Solana is currently forming an ending diagonal pattern. This structure represents the wave 5 of a bearish impulse, which is nested within a larger-degree impulse sequence, suggesting the asset is nearing the conclusion of its immediate downward trajectory. Related Reading: Solana Price Structure Suggests Temporary Recovery Before Next Major Decision The recovery outlook will be confirmed once this pattern is finalized, specifically through a clean breakout of a key level and the upper boundary of the pattern. Once established, this confirms the beginning of an upward corrective wave. Based on the length of the preceding wave, the price is ideally projected to target the ratios outlined on the chart as it attempts to stabilize. While the initial targets are clear, the upward movement is likely to extend further depending on evolving market developments. If the price breaks decisively above the wave peak, it would significantly strengthen the bullish scenario, paving the way for a more substantial recovery. Other technical factors bolstering this bullish outlook are a clear five-wave impulse structure representing wave (1)/(A), alongside a strong reversal pattern forming near the diagonal’s lower boundary. Furthermore, the internal corrective movements observed are consistent with the formation of the expected diagonal. Featured image from Pixel Plex, chart from Tradingview.com
Solana failed to settle above $84 and trimmed most gains. SOL price is now consolidating losses above $78 and might continue to move down. SOL price started a fresh decline below $82 and $81.20 against the US Dollar. The price is now trading below $81.20 and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $82.00 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $78.80 or $78.00. Solana Price Dips From $84 Solana price failed to remain stable above $83.20 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $82 and $81.50 levels. The bears even pushed the price toward $80. A low was formed at $79.01, and the price is now consolidating losses. There was a break above the 38.2% Fib retracement level of the downward move from the $83.26 swing high to the $79.01 low. Solana is now trading below $81.20 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $81.10 level or the 50% Fib retracement level of the downward move from the $83.26 swing high to the $79.01 low. The next major resistance is near the $82.00 level. The main resistance could be $82.80. A successful close above the $82.80 resistance zone could set the pace for another steady increase. The next key resistance is $84.50. Any more gains might send the price toward the $85 level. More Losses In SOL? If SOL fails to rise above the $82.00 resistance, it could continue to move down. Initial support on the downside is near the $79 zone. The first major support is near the $78.00 level. A break below the $78.00 level might send the price toward the $75 support zone. If there is a close below the $75 support, the price could decline toward the $70 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $79.00 and $78.00. Major Resistance Levels – $81.20 and $82.00.
Data from CoinMarketCap shows that Solana (SOL) has registered no significant net price change in the last month. However, daily price analysis shows that the prominent altcoin reached a local peak near $97 in early May before entering its current downtrend. Presently, the Solana market is dominated by bearish sentiment, alongside the broader market, as indicated by its weekly price loss of 4.09%. In an X post on May 30, renowned market analyst Ali Martinez shares a key insight on the Solana market, highlighting a horizontal channel formation on the daily chart. For context, the horizontal channel is formed by two flat, parallel lines that act as support and resistance, within which the price moves sideways. It is usually indicative of a market in consolidation, where a breakout above resistance (the upper boundary) is a bullish signal, and a breakdown below support (the lower boundary) is a bearish signal. Related Reading: Solana Clings To Critical Multi-Year Support As Breakout Pressure Builds Solana Near Pivotal Price Point: Will Market Climb To $87 Or Retract To $58? According to Martinez’s analysis, Solana has remained within its current horizontal channel since early February. During this time, the altcoin has consistently established its resistance around $97.79, following two retests in March and April. Meanwhile, the channel’s support lies around a critical $78.17 level, driven by price visits in February and April. Following the recent price rejection at the upper boundary in May, Solana is headed for its usual support at $78.17, with present prices hovering around $83. Martinez explains that market bulls must ensure the common support line holds to preserve the range-bound structure. In this case, a bullish scenario would be a successful retest of $78.17, with price then returning to the mid-range of the horizontal channel at $87. On the other hand, a negative case would be a breakdown below the highlighted support level. Martinez explains that such a development would expose Solana to further downside, with an immediate target of $58, representing a potential 30% loss at current market prices. Related Reading: Bitcoin Recovery Rally Or Bull Trap? These Key Levels Hold The Answer Solana Market Overview At press time, SOL trades at $82.91, following a minor 0.22% gain in the last day. Meanwhile, the daily trading volume is down 33% to $2.22 billion. These metrics suggest that a non-eventful market, driven by a decline in participation and transaction count. Notably, data from SoSoValue show that US SOL Spot ETFs have maintained a net weekly positive performance for the fourth consecutive week. However, net inflows have trended downward since peaking at $58.12 million in the second week of May. These figures reached $2.36 million in the fourth week of May, representing a 84% decline from the $15.63 million recorded in the third week. Featured image from iStock, chart from Tradingview
Solana is approaching a pivotal moment as price continues to defend a key multi-year support zone near the $79 level. After months of consolidation and repeated failed breakouts, growing signs of accumulation are now fueling speculation that SOL could be preparing for its next major upside attempt. SOL’s $79 Support Emerges As The Most Critical Level On The Weekly Chart Strategist Scient identifies two critical price levels that define Solana’s macro landscape: the 2024 low at $79 and the impulsive high at $210. This $210 level is particularly significant, as it marks the peak of the 2021 altseason. Since that time, the market has attempted to reclaim this threshold on three separate occasions, only to be met with rejection each time. Related Reading: Solana Price Structure Suggests Temporary Recovery Before Next Major Decision The narrative of these failed breakouts reveals a challenging multi-year structure, with the second rejection, originating from the 2024 lows, igniting a year-long consolidation phase that culminated in a third failed attempt in September 2025. Following that final setback, selling pressure intensified, leading to a swift retracement to the 2024 low, where accumulation has been ongoing. SOL’s price action is exhibiting clear signs of accumulation while hovering near these historical lows, which sets the stage for a potential breakout attempt. Interestingly, Scient notes a poetic irony in the current setup: if SOL successfully establishes a bottom at the $80 level, it would mirror the historical support Ethereum found during its previous bear market cycle. The $79–$80 zone serves as the line in the sand for Solana’s structural integrity. As long as the price maintains this support, the bullish setup remains intact. However, a breach below this level could trigger a significant drawdown toward the mid-$20s. With the price currently trading above this vital support, the setup allows investors to position their bets cautiously within this critical consolidation range. Solana Breaks Out Of Macro Downtrend On The Daily Chart Complementing the weekly outlook, Scient’s secondary analysis of the daily chart highlights a pivotal shift in Solana’s macro structure. The asset has decisively broken out of its long-standing macro downtrend, effectively flipping the trend to the upside. This marks a second bullish retest of this broken trendline, yielding a clean bounce that serves as textbook confirmation for technical traders. Related Reading: Solana To $500? Why Bulls Think AI Could Change The SOL Story This bullish momentum is further validated by the volume profile, of which a significant portion of it from the previous highs has been absorbed, with current market activity showing a concentration at these levels. From current levels, there is little resistance leading up to the $120 mark, creating a clean runway for the price. This lack of overhead supply suggests the market is positioned to move swiftly through this vacuum with minimal selling pressure. When these daily developments are synthesized with the broader weekly context, the resulting setup becomes increasingly compelling. Featured image from Adobe Stock, chart from Tradingview.com
Solana failed to settle above $85 and trimmed most gains. SOL price is now consolidating losses above $80 and might continue to move down. SOL price started a fresh decline below $84 and $82 against the US Dollar. The price is now trading below $82 and the 100-hourly simple moving average. There was a break below a declining channel with support at $82 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $80 or $78.50. Solana Price Dips From $85 Solana price failed to remain stable above $84 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $82 and $81.50 levels. Besides, there was a break below a declining channel with support at $82 on the hourly chart of the SOL/USD pair. The bears even pushed the price toward $80. A low was formed at $79.92, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $84.65 swing high to the $79.92 low. Solana is now trading below $82 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $81.10 level. The next major resistance is near the $82.20 level or the 50% Fib retracement level of the downward move from the $84.65 swing high to the $79.92 low. The main resistance could be $82.80. A successful close above the $82.80 resistance zone could set the pace for another steady increase. The next key resistance is $84.50. Any more gains might send the price toward the $85 level. More Losses In SOL? If SOL fails to rise above the $82.80 resistance, it could continue to move down. Initial support on the downside is near the $80 zone. The first major support is near the $78.50 level. A break below the $78.50 level might send the price toward the $72 support zone. If there is a close below the $72 support, the price could decline toward the $70 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $79.92 and $78.50. Major Resistance Levels – $82.20 and $82.80.
Solana failed to stay above $86 and corrected some gains. SOL price is now consolidating and might aim for another increase if it stays above $82.50. SOL price started a downside correction below $85 against the US Dollar. The price is now trading below $85 and the 100-hourly simple moving average. There is a declining channel forming with support at $82.50 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $82.50 zone. Solana Price Dips Again Solana price failed to stay above $86 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $85 and $84 to enter a short-term bearish zone. There was a move below the 50% Fib retracement level of the upward wave from the $81.37 swing low to the $87.39 high. The price even tested the $83.65 support. Besides, there is a declining channel forming with support at $82.50 on the hourly chart of the SOL/USD pair. Solana is now trading below $85 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $85.50 level. The next major resistance is near the $86 level. The main resistance could be $87.40. A successful close above the $87.40 resistance zone could set the pace for another steady increase. The next key resistance is $92. Any more gains might send the price toward the $95 level. Downside Break In SOL? If SOL fails to rise above the $86 resistance, it could start another decline. Initial support on the downside is near the $83.50 zone and the 61.8% Fib retracement level of the upward wave from the $81.37 swing low to the $87.39 high. The first major support is near the $82.50 level. A break below the $82.50 level might send the price toward the $80 support zone. If there is a close below the $80 support, the price could decline toward the $75 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $83.50 and $82.50. Major Resistance Levels – $85.50 and $87.40.
Solana continues to trade within a cautious consolidation phase, with price action suggesting that a temporary recovery may develop before the market makes its next major directional move. While short-term momentum has started to stabilize, SOL still faces key resistance barriers that could determine whether the current bounce evolves into a stronger breakout or fades into another corrective wave. Solana Corrective Recovery Scenario Begins To Take Shape Focusing on the 1-hour timeframe, Elliott Waves Academy identifies a potential short-term recovery for Solana. This corrective move is modeled as wave (2)/(B), likely taking the shape of a complex double zigzag structure as the market attempts to stabilize after recent downward momentum. Related Reading: Solana Fails Channel Breakout—$78 Support The Next Destination? To confirm this recovery path, a decisive breakout above the upper boundary of the current diagonal pattern is key. Additionally, clearing the key resistance level tied to the previous bearish wave would significantly bolster the case for this upward correction, which is expected to evolve within the defined price channel shown on the chart. The primary target for this relief rally resides within the 50% to 61.8% retracement zone of the preceding decline, with potential for an extension up to the 78.6% level. Ultimately, the structural outlook depends on how the price interacts with this resistance zone. If the recovery gives way to renewed selling, the area will likely act as a focal point for seller concentration. However, should the market establish higher lows and follow up with a series of impulsive waves, the trend would shift toward sustained upside potential. Solana Remains Stuck Inside Broad Range Structure MCO Global DE noted that Solana continues to trade sideways within the same broad range structure that has controlled price action for several months. According to the analysts, the market still lacks a convincing breakout signal, while recent movement on the lower timeframes is dominated by short-term noise. Related Reading: Solana (SOL) Rebound Faces Major Test Near Key Resistance Zone The expert explained that the leading scenario remains largely unchanged, with several important support zones continuing to hold. Immediate support is seen around $81.28, while significant support regions remain between $71.92 and $77.96. MCO Global DE added that another short-term dip cannot be ruled out before Solana attempts a renewed recovery within the larger B-wave structure. At the same time, the analysts warned that the market remains vulnerable to deeper corrective movement as long as the key resistance around the $96 level remains intact. Overall, MCO Global DE believes Solana is still trapped inside a large range-bound structure, with no clear confirmation of a larger bullish breakout at this stage. Until buyers successfully overcome the major resistance levels, particularly near $96 and eventually $110, the broader market outlook is expected to remain cautious and neutral. Featured image from Pxfuel, chart from Tradingview.com
Solana found support at $83.50 and corrected some losses. SOL price is now consolidating below $88.50 and might struggle to continue higher. SOL price started a decent recovery wave above $85 and $86 against the US Dollar. The price is now trading above $86 and the 100-hourly simple moving average. There is a rising channel forming with resistance at $88.50 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $88.50 and $90.00. Solana Price Starts Recovery Solana price remained stable and started a decent recovery wave from $83.50, like Bitcoin and Ethereum. SOL was able to climb above the $85 level. There was a move above the 38.2% Fib retracement level of the downward move from the $93.63 swing high to the $83.35 low. However, the bears remained active below $88. There is also a rising channel forming with resistance at $88.50 on the hourly chart of the SOL/USD pair. Solana is now trading above $86 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $88.00 level. The next major resistance is near the $88.50 level or the 50% Fib retracement level of the downward move from the $93.63 swing high to the $83.35 low. The main resistance could be $90. A successful close above the $90 resistance zone could set the pace for another steady increase. The next key resistance is $92. Any more gains might send the price toward the $94 level. Another Decline In SOL? If SOL fails to rise above the $88.50 resistance, it could continue to move down. Initial support on the downside is near the $86.20 zone. The first major support is near the $85.00 level. A break below the $85.00 level might send the price toward the $83.50 support zone. If there is a close below the $83.50 support, the price could decline toward the $80 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $86.200 and $85.00. Major Resistance Levels – $88.50 and $90.00.
Solana failed to settle above $92 and corrected most gains. SOL price is now consolidating losses above $84 and might attempt another increase. SOL price started a fresh decline below $90 and $88 against the US Dollar. The price is now trading below $87 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $85 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $84.00 or $82.50. Solana Price Dips From $94 Solana price failed to remain stable above $92 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $90 and $88 levels. The bears even pushed the price toward $83. A low was formed at $83.35, and the price is now consolidating losses. The price is still showing bearish signs below the 23.6% Fib retracement level of the downward move from the $93.63 swing high to the $83.35 low. Solana is now trading near $85 and the 100-hourly simple moving average. Besides, there is a connecting bearish trend line forming with resistance at $85 on the hourly chart of the SOL/USD pair. On the upside, immediate resistance is near the $85 level. The next major resistance is near the $85.80 level. The main resistance could be $88.50 or the 50% Fib retracement level of the downward move from the $93.63 swing high to the $83.35 low. A successful close above the $88.50 resistance zone could set the pace for another steady increase. The next key resistance is $90. Any more gains might send the price toward the $92 level. More Losses In SOL? If SOL fails to rise above the $88.80 resistance, it could continue to move down. Initial support on the downside is near the $83.50 zone. The first major support is near the $82 level. A break below the $82 level might send the price toward the $80 support zone. If there is a close below the $80 support, the price could decline toward the $75 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $83.50 and $82.00. Major Resistance Levels – $85.80 and $88.50.
The XRP Ledger has recorded a 120.97% surge in distributed real-world asset value over the past 30 days, with total represented RWA value on the network climbing to $2.43 billion — a 71.24% increase in the same period — according to live data from RWA.xyz, the industry’s primary tracker for tokenized asset activity across public blockchains. Related Reading: Bitcoin Faces Major Test As 37% Recovery Collides With Bear Resistance The figures place XRPL among the fastest-growing networks in the global RWA sector. XRP community educator and market commentator @Xfinancebull flagged the momentum in a post on X, noting that in just five months the XRP Ledger absorbed over $3.5 billion in RWA value — a pace of accumulation he described as evidence that institutional players are making calculated moves toward functional infrastructure rather than speculative positioning. “Why are people still hating on Ripple when XRPL is up 63% in the last 30 days on the RWA League Table?” he wrote. Who Is Driving The Numbers The RWA.xyz league table breakdown reveals the institutional composition behind the headline growth. CRX Digital Assets leads the platform rankings with 17 RWA products representing $590.5 million in value — up 457.7% over 30 days and accounting for 39.29% of total XRPL distributed RWA value, per RWA.xyz data. Ripple’s RLUSD stablecoin sits second at $371.3 million, up 9.13%. Ondo Finance — the institutional tokenized Treasury platform that has become one of the most active real-world asset issuers across multiple blockchains — holds third position at $323.3 million, up 45.95%. Braza Bank, the Brazilian financial institution settling cross-border payments on the ledger, contributes $91.6 million. Société Générale’s tokenization arm, FORGE, rounds out the top eight at $11.7 million. The asset class composition tells the same story. Tokenized US Treasuries on XRPL have grown from approximately $50 million in 2025 to $418 million in 2026 — an eightfold increase in under a year — driven primarily by Ondo Finance, OpenEden, and Zeconomy, per Evernorth’s research published earlier this month. Stablecoin's value displays significant growth on the XRP Ledger since January 2026. Source: rwa.xyz The 30-Day Transfer Volume Signal Beyond asset value, the transfer activity data confirms the ledger is being used rather than merely populated. RWA 30-day transfer volume on XRPL reached $145.10 million — up 50.40% over the prior 30-day period, per RWA.xyz. Stablecoin 30-day transfer volume on the ledger stood at $1.93 billion, up 9.92%. Active RWA holders numbered 48, up 26.32%. The network currently hosts 301 distinct RWA products. Related Reading: Ethereum Price Tumbles Hard, Bears Tighten Grip On Market Momentum Ripple executive Luke Judges has suggested that the genuine tokenized RWA figure on XRPL — accounting for assets tracked across additional data sources — may be closer to $3.75 billion, per commentary cited by @Xfinancebull. XRPL currently ranks fifth globally in total tokenized asset value, trailing Ethereum, which hosts over 50% of all tokenized assets worldwide, but it ranks second in 30-day RWA growth, per RWA.xyz’s network comparison data. XRP's price trends sideways as seen on the daily chart. Source: XRPUSD on Tradingview This development marks a pivotal moment for the nascent sector’s institutional adoption narrative on the XRP Ledger. A network that began 2025 with approximately $24 million in tokenized RWA value and now hosts over $2 billion — with a 121% monthly growth rate confirmed by live on-chain data — is no longer a future consideration for institutional asset managers. The infrastructure is operating, the capital is moving, and the names committing to it are ones that require regulatory certainty before deploying real money. Cover image from Grok, XRPUSD chart from Tradingview
The latest shareholder letter from DeFi Development Corp., a Nasdaq-listed Solana treasury company, shows that its fully converted SOL per share has grown 108% over the past year, rising from 0.0322 on May 13, 2025, to 0.0670 on May 13, 2026. The growth is notable because it came during a difficult period for Solana’s price action, particularly in the first quarter of 2026, where the SOL price has been struggling with bearish momentum. Related Reading: XRP Records Biggest Spike In Network Usage In 2 Months Solana Treasury Growth Shows A New Source Of Demand According to a May shareholder letter from DeFi Development Corp., a Solana treasury company, the company has more than doubled its fully converted SOL per share into 108%. The 108% growth highlighted by DeFi Development Corp. is based on SOL per share, a metric the company uses to measure how much Solana backs each fully converted share. The company reported 2,294,576 SOL and SOL equivalents as of May 13, 2026, with approximately 34.2 million fully converted shares outstanding. Interestingly, its fully converted SPS rose 1% from March 30 to May 13 and 108% from the same date last year to 0.0670 as of May 13, 2026. DeFi Development Corp. is not simply buying SOL and waiting for price appreciation. The company said more than 25% of its treasury is deployed onchain, while its validator operations generate about 7.5% yield compared to roughly 3.9% from staking SOL through Coinbase. The shareholder letter also estimated that this spread represents about $7.6 million in annualized incremental yield on its current treasury. What This 108% Growth Means For Solana Price This 108% growth in DeFi Development Corp.’s fully converted SOL per share shows that Solana is beginning to attract the same kind of corporate treasury conviction similar to Bitcoin and Ethereum. Bitcoin has had companies such as Strategy, Metaplanet, and MARA Holdings building balance sheet strategies around BTC. Ethereum has also developed its own treasury category, with companies like BitMine Immersion Technologies. DeFi Development Corp.’s strategy is built around accumulating SOL, staking it, deploying part of it across Solana DeFi, and using capital markets only when it can increase SOL exposure per share. This means SOL is attracting a category of demand that is more structured than normal spot-market buying. Interestingly, DeFi Development Corp. is one of a few other companies that hold SOL as their primary corporate reserve asset. Other companies like Forward Industries, Inc. and Upexi Inc. also have millions of SOL tokens on their balance sheets. Related Reading: Is Zcash The Next Bitcoin? Investors Rush Into The Privacy Coin Narrative This has real price implications for Solana, as this creates a different kind of demand base. Treasury companies like those mentioned above are long-term holders. Retail demand can disappear quickly, but corporate treasury demand is more structured and usually tied to long-term conviction. Featured image from Bunq, chart from TradingView
Solana found support at $90 and corrected some losses. SOL price is now consolidating below $94 and might struggle to continue higher. SOL price started a decent recovery wave above $91 and $92 against the US Dollar. The price is now trading below $94 and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $92.90 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $92.90 and $94.00. Solana Price Starts Recovery Solana price remained stable and started a decent recovery wave from $90, like Bitcoin and Ethereum. SOL was able to climb above the $91.50 level. There was a move above the 50% Fib retracement level of the downward move from the $95.92 swing high to the $89.89 low. However, the bears remained active below $94. There is also a bearish trend line forming with resistance at $92.90 on the hourly chart of the SOL/USD pair. Solana is now trading below $92 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $92.90 level. The next major resistance is near the $93.60 level or the 61.8% Fib retracement level of the downward move from the $95.92 swing high to the $89.89 low. The main resistance could be $94. A successful close above the $94 resistance zone could set the pace for another steady increase. The next key resistance is $96. Any more gains might send the price toward the $98 level. Another Decline In SOL? If SOL fails to rise above the $92.90 resistance, it could continue to move down. Initial support on the downside is near the $91.30 zone. The first major support is near the $90 level. A break below the $90 level might send the price toward the $88 support zone. If there is a close below the $88 support, the price could decline toward the $84 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $91.30 and $90.00. Major Resistance Levels – $92.90 and $94.00.
Solana has entered a temporary correction phase following its strong breakout move, with profit-taking slowing momentum near key resistance levels. Even so, the overall market structure remains constructive, as the asset continues to hold above important support zones. If bulls regain strength and reclaim nearby resistance, SOL could be preparing for another leg higher within its broader bullish trend. First Target Zone Cleared Following 10% Breakout Rally The current market structure for Solana continues to lean bullish following its recent breakout above a key trendline resistance. According to analyst Bitcoin Meraklısı, the asset managed to hit its first upside target zone after an impressive rally of nearly 10%. However, once the price reached that area, sellers began stepping in, leading to profit-taking activity. Related Reading: Solana (SOL) Dips Modestly, But Traders Still Expect Bigger Move The recent decline is currently being interpreted as part of a short-term correction rather than the beginning of a broader bearish reversal. After such a strong move higher, temporary pullbacks are considered natural, with the analyst noting that dips toward the $92 level would still fit within a technically healthy structure. For SOL to resume its bullish continuation, the price must break back above the key $98 resistance zone and hold above it successfully. A decisive move beyond this level would signal renewed strength from the bulls and could pave the way for another push toward the higher targets highlighted on the chart. Momentum may have cooled in the short term, but there are still no major signs of breakdown or trend deterioration at this stage. Solana Breaks Out Of Long-Term Descending Channel According to an analysis by CryptoXLARG, SOL has successfully broken out of a long-term descending channel, marking a significant structural shift. The asset is currently in a phase of consolidation within the $92 and $95 range, serving as the necessary foundation for a trend reversal after months of downward pressure. Related Reading: Solana Finds Strong Support At $84, But Its Network’s User Activity Is Fading The primary hurdle for bulls is securing a sustained move above the $95 mark. Once this level is confirmed as new support, the technical path opens toward $102.70 and, extending to $106.50 and $118.26. In a high-momentum market environment, CryptoXLARG indicates that macro targets as high as $143 and $163 could eventually come into play. On the defensive side, the $92 level acts as the immediate support floor to maintain short-term optimism. Should volatility increase, deeper support levels are situated at $89 and $78. A failure to hold $78 would effectively invalidate the current bullish structure and likely trigger a deeper correction back toward $70. Ultimately, the validity of this breakout hinges on SOL’s ability to hold its ground above the $95 pivot. While losing the $92 support would significantly weaken the structure. Featured image from Pixel Plex, chart from Tradingview.com
Solana failed to stay above $96 and corrected some gains. SOL price is now consolidating and might aim for another increase above $98. SOL price started a downside correction below $96 against the US Dollar. The price is now trading above $94 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $93.00 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $92 zone. Solana Price Remains Supported Solana price failed to stay above $98 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $86 and $85 to enter a short-term bearish zone. There was a move below the 23.6% Fib retracement level of the upward wave from the $87.61 swing low to the $98.47 high. The price even tested the $93.65 support. Besides, there is a bullish trend line forming with support at $93.00 on the hourly chart of the SOL/USD pair. Solana is now trading above $94 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $96 level. The next major resistance is near the $98 level. The main resistance could be $102. A successful close above the $102 resistance zone could set the pace for another steady increase. The next key resistance is $105. Any more gains might send the price toward the $112 level. Downside Break In SOL? If SOL fails to rise above the $96 resistance, it could start another decline. Initial support on the downside is near the $94 zone, the trend line, and the 50% Fib retracement level of the upward wave from the $87.61 swing low to the $98.47 high. The first major support is near the $90 level. A break below the $90 level might send the price toward the $88 support zone. If there is a close below the $88 support, the price could decline toward the $84 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $94.00 and $90.00. Major Resistance Levels – $96.00 and $98.00.
Solana started a fresh increase above the $90 zone. SOL price is now consolidating and might aim for more gains above the $96 zone. SOL price started a fresh upward move above the $90 and $92 levels against the US Dollar. The price is now trading above $92 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $92.20 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $96.50 resistance zone. Solana Price Starts Fresh Surge Solana price started a decent increase after it settled above the $88 zone, outperforming Bitcoin and Ethereum. SOL climbed above the $92 level to enter a short-term positive zone. The price even smashed the $95 resistance. A high was formed at $96.85, and the price is now consolidating gains. There was a minor decline toward the 23.6% Fib retracement level of the recent upward move from the $87.61 swing low to the $96.85 high. Solana is now trading above $92 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $92.20 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near $96.20. The next major resistance is near the $96.50 level. The main resistance could be $98. A successful close above the $98 resistance zone could set the pace for another steady increase. The next key resistance is $102. Any more gains might send the price toward the $105 level. Downside Correction In SOL? If SOL fails to rise above the $96.50 resistance, it could start another decline. Initial support on the downside is near the $94.00 zone. The first major support is near the $92.20 level, the trend line, and the 50% Fib retracement level of the recent upward move from the $87.61 swing low to the $96.85 high. A break below the $92.20 level might send the price toward the $90 support zone. If there is a close below the $90 support, the price could decline toward the $88 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $94.00 and $92.20 Major Resistance Levels – $96.50 and $98.00.
A crypto analyst has projected explosive price targets for both the Bitcoin price and the Solana price. According to the forecast, if Bitcoin surpasses $400,000, Solana could be trading around $1,500 at the same time. The basis of this projection rests on the assumption that altcoins could mirror BTC’s explosive rally to reach their respective all-time high targets. The analyst has also urged investors and traders to buy more Bitcoin before this surge, underscoring his strong belief that the cryptocurrency could soon enter a fresh bull market. Analyst Sees Bitcoin Price At $400,000 And Solana Price At $1,500 The Bitcoin price is currently sitting at above $80,000. However, market analyst Crypto Fergani predicts that the flagship cryptocurrency could eventually reach an ambitious price target of $400,000. Related Reading: Bitcoin Closes 2 Green Monthly Candles: Here’s What Historical Data Says Is Coming Next According to the analyst, Bitcoin reaching such a high level could mean the Solana price may rise to $1,500 around the same period. He also projected that other altcoins such as Ethereum, XRP, Binance Coin, and Dogecoin could experience a similar price explosion alongside Solana. Notably, the analyst has shared a timeline for his bullish outlook. He believes that one year from now, Bitcoin could reach explosive new highs. He backed his bullish projection by sharing a price chart showing past cycles in which Bitcoin traded within a narrow ascending channel that eventually led to price surges of hundreds of percent. The chart showed that in early 2018, Bitcoin rallied to about $19,000 and then crashed to a price bottom the following year. Crypto Fergani marked this low as a key buy zone, noting that BTC’s decline to that level triggered a massive 324.44% rally. In the next cycle, Bitcoin formed another buy zone in 2020 after declining from its 2019 ATH. Once a bottom was reached, the cryptocurrency skyrocketed above $69,000 in 2021, representing a surge of more than 961.57%. The same trend recurred in the 2022 cycle, when Bitcoin crashed and formed a new buy zone. Following this, the price consolidated for a few years before skyrocketing to BTC’s current all-time high above $126,000, set around October 2025. Fast forward to today, Crypto Fergano believes that Bitcoin is mirroring this same pattern. He has marked a buy zone for 2026 around the $70,000 level, suggesting that the flagship cryptocurrency could be preparing for a mega bull rally to about $420,000, representing more than a 691% gain from the buy zone. Analyst Urges Investors To Buy Ahead After sharing his bullish projections, Crypto Fergani now urges traders and investors not to miss the opportunity to buy the dip ahead of the next potential rally. He noted that during the last bull run, several market signals had hinted at an incoming rally, yet many failed to act. Related Reading: Can This Latest Integration Send Solana To $500 And XRP to $10? During that period, US President Donald Trump was openly bullish on crypto, institutional investors and BlackRock were quietly accumulating Bitcoin, and retail remained largely on the sidelines. At the same time, most market participants were calling for a bear market, with fear at its peak. Despite these signals, Crypto Fergani said that many did not buy the dip. He urges investors not to repeat the same mistake, suggesting that they begin buying BTC and other altcoins now, ahead of a potential new bull market. Featured image from Pngtree, chart from Tradingview.com
Solana started a fresh increase above the $86 zone. SOL price is now consolidating near $88 and might aim for more gains above the $90 zone. SOL price started a fresh upward move above the $85 and $86 levels against the US Dollar. The price is now trading above $86 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $87.40 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $90 resistance zone. Solana Price Starts Fresh Increase Solana price started a decent increase after it settled above the $85 zone, like Bitcoin and Ethereum. SOL climbed above the $86 level to enter a short-term positive zone. The price even smashed the $88 resistance. A high was formed at $89.95, and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the recent upward move from the $83.27 swing low to the $89.95 high. Solana is now trading above $87 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $87.40 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near $89. The next major resistance is near the $90 level. The main resistance could be $92. A successful close above the $92 resistance zone could set the pace for another steady increase. The next key resistance is $100. Any more gains might send the price toward the $102 level. Downside Correction In SOL? If SOL fails to rise above the $90 resistance, it could start another decline. Initial support on the downside is near the $87.40 zone. The first major support is near the $85.80 level and the 61.8% Fib retracement level of the recent upward move from the $83.27 swing low to the $89.95 high. A break below the $85.80 level might send the price toward the $83.20 support zone. If there is a close below the $82 support, the price could decline toward the $76.50 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is near the 50 level. Major Support Levels – $87.40 and $85.80 Major Resistance Levels – $89.00 and $90.00.
Solana is showing a mixed outlook as it stabilizes around a key technical level while underlying network activity continues to soften. Price action has found a firm footing near the $84 support zone, helping to preserve the broader bullish structure and limit downside pressure for now. Market Structure Remains Strong Despite Engagement Drop Solana is holding a critical level that could define its next major move. An analyst known as Venture on X highlighted that SOL is currently at the support-resistance (SR) level around $84, and the structure suggests there is little reason for the price to break below it. Once momentum shifts, price could quickly move through nearby value areas, and the structure below has effectively turned into a defensive base. Related Reading: Solana (SOL) Hits Key Support, Will Bulls Hold the Line? Looking at the broader macro, this structure aligns with a major SR level that previously held firm, even as calls for a deeper 70% correction circulated. The current structure on the chart shows that the SOL price will not go lower until it loses its current level, and the money flow data will shift back to negative. In this context, SOL is behaving similarly to other cryptocurrencies that form a positive daily phase, often associated with mid-cycle pivots. With multiple technical factors aligning, the current setup is being viewed as a low-risk, high-reward long opportunity, as long as key levels continue to hold. What This Downtrend Means For Solana’s Market Position Solana is showing a striking divergence between network activity and market sentiment. Santiment Intelligence on X has noted that the SOL weekly active addresses have fallen sharply from around 5.01 million in early February to approximately 2.89 million in the latest data. Fewer wallets are actively transferring SOL, suggesting reduced usage at a time when the asset has largely stagnated in price. Related Reading: Solana Ecosystem Boom: Network Sees Massive Growth In Stablecoin Active Users At the same time, sentiment toward SOL platforms has surged to its highest level since January. Bullish commentary now significantly outweighs bearish views, with roughly 3.2 positive mentions for every negative one across X, Reddit, Telegram, and other platforms. The narrative gaining traction is that SOL may be primed for a breakout, especially after underperforming Bitcoin and other major assets, potentially benefiting from a mean reversion. However, the key question remains whether SOL can validate the bullish outlook, which will likely depend on its network’s ability to reverse the current decline in activity and reestablish meaningful on-chain utility. The founders of morecryptoonlv, known as MCO Global on X, have also pointed out that Solana is attempting to track the upward momentum of Bitcoin, with its broader wave structure still intact. From a technical standpoint, the current setup remains constructive, and the price needs to hold the signal line at $85.50 to maintain bullish momentum. Featured image from Freepik, chart from Tradingview.com
Solana’s price action continues to flash caution signals, even as momentum indicators suggest oversold conditions. The broader market structure remains tilted to the downside, with bearish waves still unfolding and key support levels under pressure. Until a clear shift in structure and a strong bullish impulse emerge, the risk of further downside remains firmly on the table. Bearish Structure Dominates Solana On Lower Timeframe In the current follow-up wave outlook for Solana on the 1-hour timeframe, Elliott Waves Academy highlights that bearish control remains firmly intact. The price has already experienced a strong impulsive decline, marking the first leg of a broader downward trend. This move is likely unfolding as waves 3–5 within wave (1)/(A), suggesting that the market is still in the early stages of a larger bearish cycle. Related Reading: Solana (SOL) Rebound Feels Exhausted—Are Sellers Taking Over Again? At this stage, price is approaching the 100% extension of the prior wave, aligning with a key support level of $78.33. This zone is technically significant and could act as a temporary reaction point where buyers attempt to slow down the decline or trigger a short-term bounce. If the market fails to produce a convincing reversal at this support, the bearish structure is expected to extend further through the sub-waves of wave 5, reinforcing sustained selling pressure in the medium term. From a short-term perspective, a wave 2 corrective rebound may develop before the next leg down. This bounce could take the form of a sharp, channeled recovery, often seen in counter-trend moves. However, any breakdown below key support during or after this correction would confirm that the broader bearish trend remains dominant, making it essential to monitor price action and structure at these levels closely. Weekly RSI Mirrors 2022 Bear Market Conditions According to More Crypto Online, the weekly RSI on Solana’s chart is currently showing similarities to the conditions observed during the 2022 bear market, just before the final bottom. This resemblance has drawn attention, as it may offer clues about the market’s current position within a broader cycle. Related Reading: Solana Breakdown Risk Builds As $94 Supply Zone Crushes Momentum Many market participants have pointed to the oversold RSI reading seen in February as a signal that a recovery could be underway. However, relying solely on RSI without confirmation from price structure can be misleading, especially in extended bearish phases. The current setup closely mirrors early 2022, when the market experienced a prolonged period of sideways movement before eventually forming a final low in both price and RSI. That historical pattern suggests that more consolidation or downside could still occur before a true bottom is established. For now, the comparison remains valid until a clear impulsive move to the upside is confirmed. Furthermore, a strong bullish impulse would significantly improve the overall outlook for Solana. Featured image from Freepik, chart from Tradingview.com
Solana started a fresh increase from the $83.50 zone. SOL price is now consolidating and might aim for more gains above the $85.50 zone. SOL price started a fresh upward move above the $83 and $84 levels against the US Dollar. The price is now trading above $84 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $83.80 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $85.50 resistance zone. Solana Price Eyes Key Upside Break Solana price corrected gains from the $85.50 zone but remained stable above the $83 zone, like Bitcoin and Ethereum. SOL formed a low near $83.20 and started a fresh upward move. The price climbed above the $84 level to enter a short-term positive zone. It surpassed the 50% Fib retracement level of the downward move from the $85.85 swing high to the $83.27 low. Besides, there is a bullish trend line forming with support at $84.00 on the hourly chart of the SOL/USD pair. Solana is now trading above $84 and the 100-hourly simple moving average. On the upside, the price is facing resistance near $85.20 and the 76.4% Fib retracement level of the downward move from the $85.85 swing high to the $83.27 low. The next major resistance is near the $85.50 level. The main resistance could be $88. A successful close above the $88 resistance zone could set the pace for another steady increase. The next key resistance is $90. Any more gains might send the price toward the $95 level. Another Drop In SOL? If SOL fails to rise above the $85.50 resistance, it could start another decline. Initial support on the downside is near the $83.80 zone and the trend line. The first major support is near the $82.50 level. A break below the $82.50 level might send the price toward the $80 support zone. If there is a close below the $78 support, the price could decline toward the $72 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $83.80 and $82.50. Major Resistance Levels – $85.50 and $88.00.
Solana (SOL) is showing early signs of recovery as price action begins to stabilize within a defined channel following its recent pullback. With selling pressure easing and buyers gradually stepping in, momentum appears to be shifting toward a potential corrective upswing. Corrective Recovery Scenario Takes Shape Presenting a wave outlook for Solana on the 1-hour timeframe, Elliott Waves Academy highlights a potential shift in short-term structure. Momentum appears to be cooling on the downside, opening the door for a corrective phase that could reshape the near-term trend. Related Reading: Solana (SOL) Edges Up, Traders Watch For Sustained Upside Move One of the more probable scenarios suggests a recovery unfolding through a corrective wave, potentially identified as wave (2)/(B). Such a move may develop into a double zigzag structure, a pattern often seen when the market attempts a deeper retracement with buyers gradually stepping back into the market. A decisive breakout above the upper boundary of the current diagonal pattern would provide early confirmation of this recovery setup. Strength would be further reinforced if price manages to clear the key level associated with the previous bearish wave, signaling that selling pressure is weakening. From a Fibonacci perspective, the anticipated recovery zone lies between the 50% and 61.8% retracement levels of the prior downward move. These levels often act as magnets during corrective phases, with the potential for an extended push toward the 78.6% retracement if bullish momentum builds. For a broader bearish wave to occur, this retracement region must act as a strong resistance zone where sellers regain control. A noticeable increase in selling pressure here could trigger the next leg of the decline. However, if Solana begins to form impulsive waves while maintaining a pattern of higher lows, without revisiting the previous bottom, it would increase the likelihood of a more sustained upside move beyond the corrective phase. Solana Taps Reversal Zone, Early Bounce Emerges According to crypto analyst BitGuru, Solana has moved into a key reversal zone, where price is showing early signs of a bounce following its recent decline. The reaction in this area suggests that the market may be attempting to establish a short-term floor, with buyers starting to respond to the discounted price levels. Related Reading: Solana Tightens Range: Breakout Brewing As Correction Nears Completion At the same time, selling pressure appears to be gradually easing, pointing to a slowdown in bearish momentum. As downside strength fades, conditions often become favorable for buyers to step in, particularly in zones historically associated with demand. If Solana can maintain support above this level and continue forming higher lows, the ongoing bounce could develop into a more structured recovery. Such a move may pave the way for a push higher, with price potentially targeting the upper boundary of its recent range if bullish momentum continues to build. Featured image from Pngtree, chart from Tradingview.com
Solana found support at $81.40 and corrected some losses. SOL price is now consolidating above $83.50 and might aim for a steady increase. SOL price started a decent recovery wave above $82 and $83.50 against the US Dollar. The price is now trading near $84 and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $83.45 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $84.50 and $85.00. Solana Price Starts Recovery Solana price remained stable and started a decent recovery wave from $81.40, like Bitcoin and Ethereum. SOL was able to climb above the $82.50 level. There was a move above the 50% Fib retracement level of the downward move from the $85.48 swing high to the $81.40 low. Besides, there was a break above a bearish trend line with resistance at $83.45 on the hourly chart of the SOL/USD pair. However, the bears are active below $85.00 and the 76.4% Fib retracement level of the downward move from the $85.48 swing high to the $81.40 low. Solana is now trading near $84 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $84.50 level. The next major resistance is near the $85.50 level. The main resistance could be $87. A successful close above the $87 resistance zone could set the pace for another steady increase. The next key resistance is $92. Any more gains might send the price toward the $102 level. Another Decline In SOL? If SOL fails to rise above the $85.50 resistance, it could continue to move down. Initial support on the downside is near the $83.45 zone. The first major support is near the $82.50 level. A break below the $82.50 level might send the price toward the $81.40 support zone. If there is a close below the $81.40 support, the price could decline toward the $77 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $82.50 and $81.40. Major Resistance Levels – $84.50 and $85.50.
Western Union’s decision to build on Solana isn’t just another stablecoin integration, but a signal that the foundations of global payments may be starting to shift. For decades, Western Union has been synonymous with cross-border money movement, built on a network of intermediaries, settlement layers, and regional constraints. Behind the surface, this move suggests a potential shift in how global payment infrastructure is being built, upgraded, and ultimately replaced. How Solana Could Fit Into The Future Of Global Money Movement Western Union’s decision to build USDPT on Solana is more than just another stablecoin headline; it’s a signal that the role of stablecoins is moving from crypto narrative to real payment infrastructure. The CEO of MEXC and Honorary Chairman of MVenturesLabs, Vugar Usi, has pointed out on X that for years, stablecoins have mainly been seen as trading tools, and were a way for traders to move capital faster, manage liquidity, and reduce friction in crypto. Related Reading: Solana Prepares For The Quantum Era: Foundation Details Step-By-Step Transition However, when a global remittance giant begins building a dollar-based payment token on SOL, the narrative shifts from trading utility to real-world infrastructure. This is no longer about traders optimizing capital flow, but about real-world settlement, treasury management, and cross-border payments operating on new rails. Furthermore, it’s about replacing slow, fragmented financial rails with infrastructure that operates seamlessly in the background. In Vugar Usi’s view, SOL is validated as a payment rail, and stablecoins as a real financial infrastructure. Thus, exchanges should be ready with liquidity, access, education, and simple user journeys. For platforms like MEXC, this shift carries clear implications, because adoption does not always arrive loudly. Sometimes, it arrives through better rails, faster settlement, and fewer reasons for users to care about the backend. If these rails disappear, that’s when crypto will win. Is Solana Entering The Kind Of Zone Where Reversals Begin? Solana is going through one of those moments that tend to define the market cycle. Crypto analyst Robert revealed that SOL price has taken a severe hit, down 71% from its 2025 all-time high (ATH). At the same time, Solana’s Net Unrealized Profit/Loss (NUPL) is sitting deep at 0.67 in full capitulation territory, a level that typically reflects that holders are sitting on heavy unrealized losses. Related Reading: Solana Foundation President Explains Why SOL Is Built For Unified Liquidity Data from Fidelity Investments suggests that historically, similar conditions have preceded strong rebounds, with a median of over 516% the following year. Meanwhile, they’re quick to emphasize the limitations of a small sample size, weak correction, and that past performance may not repeat itself. On the bright side, network usage is rising, with monthly active addresses up 50%, new addresses growing over 35%, and stablecoin flows are holding steady. However, this shift shows that real utility is building even as the price is down, but on-chain activity tells a more resilient story. Featured image from Freepik, chart from Tradingview.com
Ethereum and Solana are once again under close watch as fresh data reveals how both networks are performing, with recent fee metrics and on-chain activity offering a clearer picture of where momentum currently sits. Ethereum Vs. Solana: Fee Dominance And Growing Activity Recent figures directly address how both networks compare, showing Ethereum building a clear lead in economic activity. Data shared on April 24, 2026, by @ETH_Daily revealed that Ethereum had been generating more total fees than Solana for over a week. In the most recent 24-hour snapshot, Ethereum recorded approximately $2.7 million in fees, while Solana produced about $70,000. This 40 times gap highlights a sustained difference rather than a short-term fluctuation. Related Reading: XRP’s 900% Move To $15: Pundit Flags The Retest That Will Trigger It The fee chart tied to this update provides further clarity. Ethereum’s fee levels, which had been moving within moderate ranges earlier in the period, surged sharply toward nearly $2.75 million. In contrast, Solana’s fees fluctuated within a tighter band before declining significantly, eventually approaching minimal levels. Beyond fees, on-chain data adds another layer to the comparison. On April 27, 2026, @CryptoQuant reported that Ethereum’s active addresses had climbed to record highs even as its price moved lower. The dataset, attributed to CryptoOnchain, shows activity nearing 600,000 addresses while price levels remain below previous peaks near $4,000 and closer to around $2,300. This divergence between rising participation and softer price action suggests that Ethereum’s usage is expanding independently of market valuation. The combination of strong fee generation and increasing address activity points to growing demand, particularly in areas involving higher-value transactions and decentralized finance. The fact that users continue to transact despite higher costs indicates that Ethereum is capturing a larger share of meaningful economic activity. Ethereum Vs. Solana: Usage Patterns And Market Signals Looking at the same period, Solana’s performance reflects a different activity structure. The network’s lower fee output suggests that transaction values are comparatively smaller or that overall high-value usage has declined. This does not diminish its role in the market, but it does highlight a gap when measured by revenue generated from network use. Related Reading: Why The 42% Crash From ATH Is Actually Good For Bitcoin And The Crypto Market The contrast becomes more defined when aligning both fee data and on-chain signals. Ethereum’s sustained lead in fees over more than a week indicates consistent demand for its block space, while Solana’s lower figures point to a network where activity is either less monetized or concentrated in lower-cost transactions. This difference is significant because fees are often viewed as a direct reflection of how much value users are moving across a blockchain. At the same time, the divergence identified by CryptoQuant reinforces Ethereum’s position, with rising active addresses during a period of price weakness signaling sustained engagement. No comparable signal appears for Solana in the same dataset, leaving Ethereum with clearer indicators of growing usage. Overall, the data shows Ethereum with stronger underlying activity and higher economic throughput, while Solana reflects more moderately monetized usage during this period. Featured image from Dune Analytics, chart from TradingView.com
Solana failed to settle above $86 and corrected most gains. SOL price is now consolidating losses above $82 and might attempt another increase. SOL price started a fresh decline below $86 and $85 against the US Dollar. The price is now trading below $85 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $84 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $83.00 or $82.50. Solana Price Dips From $88 Solana price failed to remain stable above $88 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $86 and $85 levels. The bears even pushed the price toward $83. A low was formed at $82.96, and the price is now consolidating losses. There was a minor recovery wave above the 23.6% Fib retracement level of the downward move from the $88.08 swing high to the $82.96 low. Besides, there was a break above a connecting bearish trend line with resistance at $84 on the hourly chart of the SOL/USD pair. Solana is now trading near $85 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $85.50 level or the 50% Fib retracement level of the downward move from the $88.08 swing high to the $82.96 low. The next major resistance is near the $86.80 level. The main resistance could be $88. A successful close above the $88 resistance zone could set the pace for another steady increase. The next key resistance is $90. Any more gains might send the price toward the $92 level. More Losses In SOL? If SOL fails to rise above the $85.50 resistance, it could continue to move down. Initial support on the downside is near the $83.50 zone. The first major support is near the $83 level. A break below the $83 level might send the price toward the $80 support zone. If there is a close below the $80 support, the price could decline toward the $75 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $84.00 and $82.00. Major Resistance Levels – $85.50 and $88.00.
Solana started a fresh increase above the $86 zone. SOL price is now consolidating above $87 and might aim for more gains above the $90 zone. SOL price started a fresh upward move above the $85 and $86 levels against the US Dollar. The price is now trading above $87 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $86.50 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $90 resistance zone. Solana Price Regains Traction Solana price corrected gains from the $90 zone but remained stable above the $85 zone, like Bitcoin and Ethereum. SOL formed a low near $85 and started a fresh upward move. The price climbed above the $85 level to enter a short-term positive zone. It surpassed the 50% Fib retracement level of the downward move from the $89.34 swing high to the $84.55 low. Besides, there is a bullish trend line forming with support at $86.50 on the hourly chart of the SOL/USD pair. Solana is now trading above $87 and the 100-hourly simple moving average. On the upside, the price is facing resistance near $88.20 and the 76.4% Fib retracement level of the downward move from the $89.34 swing high to the $84.55 low. The next major resistance is near the $90 level. The main resistance could be $92. A successful close above the $92 resistance zone could set the pace for another steady increase. The next key resistance is $100. Any more gains might send the price toward the $105 level. Another Decline In SOL? If SOL fails to rise above the $90 resistance, it could start another decline. Initial support on the downside is near the $86.50 zone and the trend line. The first major support is near the $85 level. A break below the $85 level might send the price toward the $80 support zone. If there is a close below the $78 support, the price could decline toward the $72 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $86.50 and $85.00. Major Resistance Levels – $88.20 and $90.00.
Solana failed to settle above $90 and corrected most gains. SOL price is now consolidating losses above $85 and might attempt another increase. SOL price started a fresh decline below $88 and $87 against the US Dollar. The price is now trading near $86 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $85.50 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $85.50 or $85. Solana Price Dips From $90 Solana price failed to remain stable above $90 and started a fresh decline, unlike Bitcoin and Ethereum. SOL declined below the $88 and $87 levels. The bears even pushed the price toward $85. A low was formed at $85.55, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $89.34 swing high to the $85.55 low. Solana is now trading near $86 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $85.50 on the hourly chart of the SOL/USD pair. On the upside, immediate resistance is near the $87 level. The next major resistance is near the $87.80 level or the 61.8% Fib retracement level of the downward move from the $89.34 swing high to the $85.55 low. The main resistance could be $88.80. A successful close above the $88.80 resistance zone could set the pace for another steady increase. The next key resistance is $90. Any more gains might send the price toward the $92 level. More Losses In SOL? If SOL fails to rise above the $87.80 resistance, it could continue to move down. Initial support on the downside is near the $85.50 zone. The first major support is near the $84 level. A break below the $84 level might send the price toward the $82 support zone. If there is a close below the $82 support, the price could decline toward the $80 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $85.50 and $84.00. Major Resistance Levels – $87.80 and $88.80.