Solana ETFs Surpass $1 Billion in AUM Amid Price Decline
- AUM Growth: As of mid-May 2026, total assets under management for Solana ETFs have surpassed $1 billion, with Bitwise's ETF leading at approximately 81% market share, indicating sustained institutional interest in Solana despite ongoing price declines.
- Deepening Institutional Involvement: Goldman Sachs has confirmed its holdings in Solana ETFs, while Fidelity not only participates in the ETF space but also actively operates a Solana validator node, signaling a long-term commitment that could bolster market confidence and attract more investors.
- Network Performance Enhancements: The Firedancer validator has achieved over 1 million transactions per second in load tests, and the upcoming Alpenglow upgrade is expected to significantly reduce block confirmation times in Q2 2026, which may attract more institutional clients seeking reliable infrastructure.
- Complex Market Dynamics: Despite ongoing institutional inflows, Solana's price remains down 77% from its January 2025 peak, with daily active users dropping from 6.4 million to 2.8 million, highlighting a paradox between demand and supply that leaves future price movements uncertain.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 37.737 | 48.934 | 61.027 | 72.224 | 84.317 | 95.514 | 107.607 |
| Fibonacci | 48.934 | 57.83 | 63.327 | 72.224 | 81.12 | 86.617 | 95.514 |
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