TLDR
- SOL is trading around $85–$86, holding above key support
- $98–$100 is the main resistance zone bulls need to clear
- A rounded base pattern is forming on the daily chart
- Uniswap (UNI) launched on Solana via Sunrise, boosting DeFi sentiment
- Analyst Don Wedge says flipping the 200-day MA would trigger a full breakout
Solana is trading around $85.91, holding above the $84–$85 support zone that has kept the recovery structure intact over recent weeks. The coin is down 0.30% in the last 24 hours but continues to show relative strength compared to other major cryptocurrencies.
On the daily chart, SOL is forming what analysts describe as a rounded base — a pattern that can signal a slow but steady recovery after a sharp decline from late 2025 highs.
The $98–$100 zone remains the key level to watch. SOL was rejected from that area earlier in May and has since pulled back toward current levels. A clean daily close above $100 would be the first real signal that buyers have taken control.
SOL Chart Structure
Bollinger Band analysis shows resistance forming near $97, with the middle band sitting around $88. The lower band near $80 marks broader support below current price.
Out of the top 3, $SOL looks the strongest. https://t.co/BGBDBAZo7c pic.twitter.com/l0zEtG6mOw
— Chill (@ChillTRD) May 20, 2026
The MACD is showing weakening bullish momentum, with the MACD line now below the signal line and the histogram turning negative. Price action has become less volatile, with SOL consolidating near support.
One positive for Solana is that it already broke above a multi-month descending trendline. Most other large-cap coins remain trapped below similar trendlines, which gives SOL a stronger chart structure by comparison.
Key support sits at $82. If that level fails, the next major support drops to around $67.61. On the upside, reclaiming $98 remains the immediate target.
Crypto analyst Don Wedge (@DonWedge) posted on X: “once $SOL flips the 200MA on the daily, full send mode!” — pointing to the 200-day moving average as the trigger level for a bigger move higher.
once $SOL flips the 200MA on the daily, full send mode! pic.twitter.com/nlrM5E8yOO
— Don 🐂 (@DonWedge) May 20, 2026
UNI Launches on Solana
Solana’s official X account announced that Uniswap’s UNI token is now live on Solana via the Sunrise protocol. Uniswap is the largest decentralized exchange by volume and runs on an automated market maker model.
The integration did not spark an immediate price breakout but has brought consistent volume and renewed trader attention to Solana’s DeFi ecosystem.
Morgan Stanley also recently updated its Solana ETF filing to include a staking plan, adding to the broader institutional interest in the network.
At press time, SOL trades at $85.91. The $98 resistance level and the 200-day moving average remain the two levels traders are watching most closely for confirmation of the next directional move.
