Solana Price Stabilizes as Morgan Stanley Files ETF Application
- Surge in Market Activity: Solana has experienced a significant increase in market activity, with its price stabilizing after peaking at $98.18 in May, as investors closely monitor the crucial $82–$84 support zone, indicating strong market interest in the asset.
- ETF Application Impact: On May 20, 2026, Morgan Stanley filed an S-1 registration statement for a Solana-focused spot ETF with the SEC, expected to trade on NYSE Arca and hold actual Solana tokens, which could significantly enhance Solana's institutional accessibility.
- Technical Analysis and Support Levels: Analysts note that Solana's price is seeking support in the $82–$84 range, and a breakthrough above the $87–$90 resistance could signal a return of bullish momentum, while failure to do so may lead to persistent selling pressure.
- Liquidity and Market Dynamics: Technical analysts observe that Solana is consolidating near a distinct trendline support on the weekly chart, with a potential long-term target of $1,000 if a breakout occurs, while liquidity clusters around $86–$88 indicate that upcoming price volatility will be influenced by these key levels.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 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 | 75.36 | 78.43 | 81.86 | 84.93 | 88.36 | 91.43 | 94.86 |
| Fibonacci | 78.43 | 80.913 | 82.447 | 84.93 | 87.413 | 88.947 | 91.43 |
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