Solana (SOL) is testing support near the mid-$80s after a sharp weekly pullback, with traders watching whether a reclaim of the $92.96 level can unlock a more durable rebound. The setup is complicated by mixed institutional signals: a reported exit from a Goldman Sachs-linked ETF position contrasts with fresh net inflows across Solana spot ETFs.
The Solana network is beginning to attract increasing amounts of institutional capital, but new data shows that much of the growth remains concentrated in just a few projects.
Morgan Stanley has resubmitted a spot Solana ETF application that would hold and stake SOL under the ticker MSOL, extending the bank's push deeper into U.S. crypto exchange-traded products.
Solana price tests $81 support as short-term weakness grows and weekly charts show possible downside toward $30.
The cryptocurrency Solana has experienced a significant pullback following its unsuccessful attempt to surpass the $98 price point on May 11. Since that rejection, the asset has declined approximately 15%, settling around the $85 mark.
Solana (SOL) is printing record on-chain derivatives volume—an unmistakable sign of growing activity across its trading stack—but the token is still struggling to hold the mid-$80s as traders run into stubborn technical resistance. As of May 20 at 10:58 p.m.
Solana failed to settle above $92 and corrected most gains. SOL price is now consolidating losses above $84 and might attempt another increase.
Solana's tokenized real-world asset market expanded 43% in the first quarter, even as broader crypto markets weakened. Application revenue remained resilient, while developers pushed ahead with infrastructure upgrades to dramatically improve network speed and scalability.
Despite its consistent downside price action, the Solana network remains unshaken, with activity continuing to grow significantly. One of the areas the SOL network is currently seeing massive growth again is its Real-World Asset (RWA) ecosystem.
Solana price remained under pressure after failing to break above the key $98 resistance zone, with multiple bearish chart patterns and weakening derivatives data raising the risk of a deeper correction below the $80 support level.
Pump.fun generated $124.7 million in revenue during Q1 2026, representing more than a third of the total recorded across the Solana network. The platform's revenue grew 17% quarter-over-quarter, while RWAs on Solana surpassed $2 billion in market capitalization.
Solana price tests $82-$84 support as RSI weakens, while a long-term triangle keeps the $230 target visible.