SOL is currently consolidating within a narrow range, with clear discrepancies between technical, capital, and fundamental aspects. The price is approximately between $82–86. The key resistance levels are at $88–90, and a breakout could test above $94–96; if the support at $80 is broken, it may decline to $76–78 or even $70.

On the technical side, indicators like MACD show signs of improvement, but price volatility remains limited. On the capital front, SOL ETFs have experienced six consecutive months of net outflows, with April’s ETF net inflow sharply dropping to only $39.93 million, far below the peak of $419 million in November 2025. This sets a new low, indicating that institutional funds have been exhausted, and there is a lack of new external capital driving short-term growth.

However, the on-chain ecosystem continues to thrive: TVL has surged to $6.4 billion (a 24-fold increase over two years), and stablecoin balances have risen to $11 billion; Western Union plans to issue stablecoins on Solana in May, and AAVE has also been deployed into the Solana ecosystem. Despite this, a clear decoupling between price and ecosystem development is evident, and the market remains in a cautious recovery phase. It is recommended to watch the key levels at $80 and $88. $SOL #WCTC交易王PK