SOL's recent performance is driven by both technical breakthroughs and net inflows from ETFs. If SOL can firmly stand above $90 in the short term, it will trigger a short squeeze effect, targeting the $100 mark. In the medium term, institutional buying continues to strengthen, and the trend is sustained by strong capital inflows. However, beware of geopolitical and regulatory uncertainties, as short-term volatility risks are prominent. The strategy recommendation is to follow the breakout lightly above $90, but strictly set stop-loss levels and pay attention to pullback pressure and volatility management.

Daily charts show that since May 3, SOL has continuously recorded higher highs and higher lows, even closing at a stage high of $96.46 yesterday, accompanied by a significant increase in trading volume. Short-term moving averages are bullish, and the price has risen above the 10-day and 20-day EMAs, but has yet to break through the 200-day EMA, indicating the trend is not fully confirmed. There exists substantial potential long position profit-taking demand in the short-covering range between $90 and $100. Once the price holds above $90, a short-term squeeze effect may be triggered, targeting $100.

Solana is trading near $90 with over $50 million in potential short liquidation pressure above this level, indicating a possible short squeeze that could push the price toward $100. The $SOL chart shows key support between $86.73 and $88.60, with resistance around $95 to $96 if the price holds. While bearish traders remain active, a strong move above $90 could trigger forced buying and further upside momentum.

Solana Price Prediction: SOL Eyes $100 as Shorts Build

Solana ($SOL) is experiencing a recovery bounce but faces resistance at $89.37, trading above short-term EMAs yet well below the 200-day EMA, indicating an incomplete trend reversal. Momentum is improving with constructive RSI and MACD readings, but broader crypto sentiment remains cautious, limiting upside. The market is neutral-to-bullish short-term, needing a breakout above resistance to confirm sustained recovery amid active volatility and mixed market conditions.

Solana Faces $89.37 Resistance as Recovery Bounce Stalls

Latest data shows Solana's spot ETF net inflow was nearly 77,000 SOL for a single day, with a seven-day accumulated net inflow exceeding 370,000 SOL, as institutional buying continues to pour in. Non-BTC and non-ETH ETFs also saw steady net inflows in early May, further tightening market circulating supply. Amid rising trading volume, ETF buying provides stable price support, and the medium-term trend is expected to continue as capital inflows persist.

Today, US Bitcoin ETFs experienced a net outflow of 2,022 BTC ($161.53 million) but a 7-day net inflow of 18,496 BTC ($1.48 billion). Ethereum ETFs saw a single-day net outflow of 34,349 ETH ($78.35 million) and a 7-day net inflow of 73,153 ETH ($166.86 million). Solana ETFs had a single-day net inflow of 76,912 SOL ($6.85 million) and a 7-day net inflow of 368,912 SOL ($32.83 million).

Today, US Bitcoin ETFs saw a net outflow of 2,022 BTC, and Ethereum ETFs saw a net outflow of 34,349 ETH.

US spot ETFs for altcoins beyond Bitcoin and Ethereum, including $XRP, $DOGE, $LINK, and $HBAR, have seen renewed net inflows in early May after weeks of muted activity. The $XRP ETF complex led with significant daily inflows, holding the largest aggregate AUM among non-Bitcoin, non-Ethereum spot products. Other altcoin ETFs like $HBAR, $DOGE, $LINK, and $SOL also recorded notable inflows, reflecting growing institutional demand that tightens coin supply and impacts market dynamics.

Spot Altcoin ETFs Have Woken Up: Inflows Arrive

Solana accounts for 6.66% of total DeFi locked value across all chains, maintaining competitive strength in various sectors. New ecosystem project PayAI briefly saw market value exceed ten million, demonstrating Solana's steady progress in AI and stablecoin payment fields—confirming its long-term value proposition. Yet, the CLARITY bill awaiting Senate review may introduce stricter conditions for token listing, and ongoing battles between developer protection and compliance requirements point to noteworthy uncertainty.

According to GMGN data reported by ChainCatcher, the Solana ecosystem token PayAI's market value briefly surpassed $10 million, currently around $7.6 million, with a daily increase exceeding 230%. Previously, Solana and Google Cloud launched Pay.sh, enabling AI agents to use stablecoins to access API services. ChainCatcher warns users about the high volatility of meme coin prices and advises investors to be cautious.

Data: SOL ecosystem token PayAI's market cap briefly surpasses 10M USD, with a daily increase of over 230%

Ethereum's share of total DeFi locked value has dropped from 63.5% at the start of 2025 to about 54% as of May 7, nearing its lowest level in nearly a year. Competing blockchains have gained ground in specific sectors: BSC leads in DEX volume, Tron dominates stablecoin settlements, Bitcoin holds the collateral asset market, Base excels in Layer 2 activity, and Hyperliquid leads in perpetual contracts. Solana, BNB Chain, Bitcoin, Tron, Base, and Hyperliquid now hold 6.66%, 6.60%, 6.35%, 6.17%, 5.44%, and 1.81% of DeFi TVL respectively.

Ethereum's DeFi market share has dropped to about 54%, losing nearly 10 percentage points since the beginning of last year.

In early 2026, major crypto exchanges Coinbase, Kraken, and Gemini urged the US Senate to remove a provision in a digital asset market bill requiring platforms to list only tokens "not readily susceptible to manipulation." The CLARITY Act would expand CFTC authority and promote coordination with the SEC, impacting licensing and enforcement. Industry concerns focus on balancing investor protection with market access, as regulatory shifts could constrain token listings and affect compliance frameworks amid ongoing legislative negotiations.

Exchanges Urge Congress to Block Ban on Risky Tokens, Report Finds

Geopolitical tensions are delicate, as recent U.S. Navy and Iranian clashes have triggered short-term selling pressure, alongside U.S. non-farm payrolls data and crypto options expirations, implying heightened volatility risk. Additionally, some trading platforms previously experienced abnormal price quotations, where short technical failures can magnify investor panic. Coupled with the statistical pattern of Wednesday peaks followed by inertia declines, there may be short-term pullback pressure—a need to strictly manage positions and control risk.

Bitcoin, Ethereum, XRP, and Solana prices are falling amid tensions between the U.S. Navy and Iran, despite President Trump confirming the ceasefire remains in effect. Traders anticipate increased volatility today as crypto options expiry coincides with the release of US Nonfarm payrolls and unemployment rate data.

What to Expect from Bitcoin, ETH, XRP, Solana Options Expiry and US Nonfarm Payrolls Today?

Multiple Revolut users reported abnormal Bitcoin price quotes, with the app briefly showing BTC falling to around $39,900 and some notifications stating a 52-week low of $0.02. Other cryptocurrencies like XRP, SOL, USDT, and USDC also experienced unusual price fluctuations that quickly corrected. Revolut confirmed app malfunctions and said engineers are working to resolve the issues.

Revolut app showed abnormal Bitcoin quotes, at one point displaying BTC falling to $0.02.

Crypto analyst Sherlock highlighted a consistent pattern over the past 13 weeks where Bitcoin, Ethereum, and Solana experience a price decline of at least 1% within 24 hours after reaching a peak at 17:00 UTC every Wednesday. The average drop for Bitcoin was 2.58%, with the largest at 3.91%. This trend is statistically significant, with a P-Value of 0.000244, indicating a 1 in 4,096 chance of occurring randomly.

Bitcoin, Ethereum and Solana Experience Declines on the Same Day of the Week for the 13th Consecutive Week

Solana

How Bitcoin Outperformed ETH, XRP, BNB, and SOL During 2025-2026 Market Stress

Tuesday’s CPI report will be a “spicier” set of figures, the first in a series of readings this week that will feed into the Fed's preferred measure of inflation, according to Morgan Stanley’s global head of macro strategy.

Solana Price Prediction: SOL Nears $100 as Leverage Rises

Solana eyes $100 as ETF inflows hit highest level since January

Solana Whale Moves $2 Million in PENGU From Binance, Signaling Potential Accumulation

Goldman Sachs & Co and Bank of America Corp are the latest in a growing cohort of Wall Street banks pushing back their forecasts for interest-rate cuts.

Solana Price Prediction: Bulls Defend Structure Ahead of $97 Breakout Test

Today, U.S. Bitcoin ETFs saw a net outflow of 3,685 BTC, and Ethereum ETFs saw a net outflow of 6,492 ETH.

The biggest consensus overhaul in Solana history is officially live for testing

British Pound: Growth slowdown and BoE tightening – BNP Paribas

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Solana Price: SOL Live Price Today | SOL Market Cap &amp; Chart Analysis | Bybit-ge

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SOL price today is 97.78, with a live price change of 1.43 in the last 24 hours. Convert, buy, sell and trade SOL on Bybit-ge.

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