Solana Price Forecast: SOL reclaims 50-day EMA amid tokenization expansion

• Solana recovers, trading above the 50-day EMA around $107 on Tuesday after closing below it the previous day.
• Solana announces the onchain tokenization of USDGO Plus SP and the launch of Pando Solana ETF.
• US-listed spot ETFs recorded an outflow of $699,830 on Monday, marking the sixth consecutive day of withdrawals.

Solana (SOL) trades above $107 on Tuesday, reclaiming the 50-day Exponential Moving Average (EMA) after closing below it the previous day. Meanwhile, Solana’s tokenization expansion and the upcoming listing of Hong Kong’s second spot Solana Exchange Traded Fund (ETF) highlight growing institutional interest. However, persistent outflows from spot SOL ETFs, which recorded their sixth consecutive day of withdrawals on Monday, could weigh on its recovery.

Tokenization expansion and Hong Kong ETF launch

Solana announced on its official X account on Monday the onchain tokenization of USDGO Plus SP.

“The first market-neutral digital asset fund built on USDGO, the $1B+ US federally regulated stablecoin. Tokenized and distributed by OSL for eligible professional investors in Hong Kong,” as per Solana post on X.

On the same day, Solana announced that a second spot Solana ETF is coming to Hong Kong. Pando Solana ETF is set to list on HKEX on Tuesday. 

These developments highlight Solana’s expanding institutional presence, as tokenization initiatives and new investment products strengthen its footprint in Hong Kong’s digital asset market and reinforce its long-term bullish outlook.

Institutional demand shows cautious signs

SoSoValue data showed that spot ETF recorded an outflow of $699,830 on Monday, marking the sixth consecutive day of withdrawals. However, Monday’s outflow intensity remains small compared to the previous week, indicating reduced selling pressure. If these flows turn positive and gain momentum throughout the week, SOL could extend the recovery.

Solana Price Forecast: SOL could extend rebound if 50-day EMA holds strong

Solana price trades at $107.86 on Tuesday, holding a constructive near-term bias as it remains above the 50-day Exponential Moving Average (EMA) at $107.49 and comfortably supported by the 100-day EMA at $99.34 and the 200-day EMA at $97.18.

Despite this supportive structure, momentum has cooled, with the Relative Strength Index (RSI) hovering near 42 and the Moving Average Convergence Divergence (MACD) below zero, suggesting a consolidative phase rather than an immediate continuation of the latest advance.

On the downside, initial support aligns with the 50-day EMA at $107.49, followed by a more robust demand zone around the 100-day EMA at $99.34 and the 200-day EMA at $97.18, reinforced by horizontal support near $96.19.

Deeper pullbacks would expose the rising trendline support around $84.82 ahead of the prior horizontal floor at $77.07. At the same time, the lack of nearby mapped resistance suggests that any sustained recovery above the current pivot could quickly reopen the path toward recent highs, as long as price holds over the clustered moving-average base.

(The technical analysis of this story was written with the help of an AI tool. Know more.)