Goldman Sachs Joins In... Solana Poised for a Direct Run to $1,000

▲ Solana (SOL)

Solana (SOL) stands at a critical juncture toward a major rebound targeting the $100 level, fueled by large-scale capital inflows from institutional investors and news of holdings by Goldman Sachs.

According to cryptocurrency media outlet FXStreet on February 16 (local time), Solana is currently trading around $85 after failing to break above the upper boundary of its range, preparing for a potential trend reversal. Since the 6th, it has repeatedly moved sideways within a narrow band between $76.45 and $89.38, confirming support at the lower level while consolidating energy for a rebound.

The recovery in institutional demand is serving as strong downside support for Solana’s price. Last week, spot Solana ETFs recorded net inflows of $13.17 million, snapping a two-week streak of outflows that had continued since late January. In particular, disclosures that global investment bank Goldman Sachs holds $108 million worth of Solana have further strengthened market confidence.

Fundamentals within the network ecosystem are also demonstrating resilience with record-breaking figures. Citi Bank completed the entire process from issuance to settlement of promissory notes on the Solana blockchain, while the total value locked (TVL) in real-world assets (RWA) reached an all-time high of $1.66 billion. The number of unique wallets holding RWA assets has surpassed 285,000, reflecting rapid user base expansion.

Technical indicators are supporting a short-term rebound scenario. On the daily chart, the Relative Strength Index (RSI) has moved out of the oversold territory, reaching 35 and signaling a slowdown in downward momentum. Additionally, the Moving Average Convergence Divergence (MACD) formed a bullish crossover on Sunday, with many analysts expecting a gradual recovery in the coming days.

If Solana breaks above and holds the $89.38 resistance level, the rally is expected to extend toward the psychological threshold of $100. Conversely, if it closes below the $76.45 support level, selling pressure could intensify, raising the risk of a pullback to the February 6 low of $67.50. The continuation of institutional inflows and the timing of a breakout above key resistance levels will be decisive factors in determining Solana’s future returns.

*Disclaimer: This article is for investment reference only and the publisher is not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only.*