Solana price prediction as 30 institutions invested $540M  in Solana ETFs

Other notable buyers include Elequin Capital, SIG Holding, Multicoin Capital, Morgan Stanley, and VanEck Associates.

The filings suggest growing institutional conviction in Solana (SOL) despite significant volatility since the ETF products launched. Analysts note that roughly half of ETF holders can already be identified through filings, a relatively high transparency level for such young crypto ETFs.

Institutional inflows have also coincided with renewed network activity and strong trading volumes across the Solana ecosystem.

Solana price analysis

Based on the attached daily chart, SOL is currently trading around $87, showing a modest recovery after weeks of sideways consolidation.

The chart shows that Solana has been in a prolonged downtrend since January, forming a series of lower highs before stabilizing in early February. After falling sharply from above $130 earlier in the year, the asset appears to be building a base between $80 and $90.

This range aligns with broader market observations showing Solana consolidating between roughly $76 and $90 for more than a month, with buyers consistently stepping in near the lower boundary.

Key support levels

• $80 – $82: Immediate support zone where buyers repeatedly defended the price.
• $75 – $76: Secondary support if the current floor breaks.
• $70 region: Major psychological support during broader market corrections.

Key resistance levels

• $90: Strong near-term resistance and the top of the current consolidation range.
• $95 – $100: Next breakout target if momentum strengthens.

The Accumulation/Distribution line on the chart is flattening, suggesting selling pressure has slowed and that investors may be gradually accumulating during the consolidation phase.

Meanwhile, the 50-day moving average sits near $94, acting as dynamic resistance. A decisive break above this level would likely confirm a short-term bullish reversal.

If institutional ETF demand continues to build and SOL breaks above $90–$95, analysts see a potential move toward the $100–$105 region in the near term.

However, failure to hold the $80 support zone could invalidate the recovery attempt and expose Solana to another decline toward the mid-$70 range.