Solana (SOL) price tumbles as Bitcoin and SUI steal the show this week
Solana (SOL) price fell short of investor expectations this week as capital inflows favored market leaders Bitcoin and emerging altcoins like SUI.
The global crypto market trended bullish on Friday, with Bitcoin price gaining 0.3% on Friday and 2.1% over seven days.
Meanwhile, Solana slipped 1.7% on the day and a steeper 1.9% over the week.
The figures suggest a noticeable exit of short-term traders from SOL, as they rotated funds into assets with stronger short-term narratives.
A major catalyst driving Bitcoin’s rise continues to be institutional accumulation, with spot Bitcoin ETFs posting record-breaking inflows.
Meanwhile, SUI surged following news that 21Shares filed for a spot ETF with the U.S. SEC. SUI spiked to $3.71 on Thursday before correcting to $3.40 at press time, still up nearly 60% in the past two weeks.
This stark contrast reflects a pattern of selective capital rotation among traders seeking profitable opportunities within short-term market narratives.
SOL price fell below $150 on Friday, flipping negative on the weekly candle and highlighting a lack of short-term bullish conviction.
Solana investor Eric Trump warns banks to adopt crypto within 10 years
Adding to Solana’s long-term narrative, Eric Trump, a known investor in Bitcoin, Ethereum, Solana, and SUI, made headlines this week with a stark warning to traditional financial institutions.
In an interview with CNBC, Trump cautioned that banks risk extinction within a decade if they fail to integrate cryptocurrency infrastructure into their core operations.
Systems like SWIFT are a disaster. The traditional banking system is slow and inefficient.
Right now, you can open a cryptocurrency app and transfer money from wallet to wallet instantly, without any bank fees.
I’m telling you if banks don’t realise what’s coming they will be gone in 10 years – Eric Trump, May 2025
Trump remarked, criticizing the inefficiency and cost of the existing financial system.
He argued that decentralized finance (DeFi), enabled by blockchain platforms like Ethereum and Solana, presents a far superior alternative in speed, accessibility, and cost-effectiveness.
The timing of Eric Trump’s statements is crucial, with Congress fast-tracking Stablecoin regulations and SEC dropping charges on crypto trading platform, an Arizona state passing a bill to launch the first cryptocurrencies strategic reserve. and institutional adoption deepens, tokens like Solana could see renewed long-term demand.
This long-term bullish outlook as seen Solana bulls speculate on a potential rally toward the $750 mark if market conditions align.
While this ambitious Solana price forecast remains plausible, technical indicators SOLUSD daily chart shows highlights key hurdles ahead around the $160 mark.
Solana Price Forecast Today: Bulls Target $156 If Support Holds Above $142
Solana (SOL) is trading at $147.98 after a modest 1.9% decline, but the broader technical setup continues to favor a bullish continuation. The price remains comfortably above the midline of the Bollinger Bands, suggesting that recent consolidation may be a temporary pause rather than a reversal.
The Parabolic SAR indicators, positioned below current price levels since mid-April, continue to signal a sustained uptrend, despite Thursday’s slight retracement.
SOL price forecast today leans cautiously optimistic, supported by underlying momentum shown in the Bull Bear Power (BBP) oscillator, which remains positive at 8.13. This indicates that bulls still hold the short-term advantage.
The daily close remains above the 20-day moving average near $142 and well above the lower Bollinger Band at $124.77, reinforcing the view that key support zones are intact.
The resistance zone around $156, marked by the upper Bollinger Band and previous local highs, represents the next test for buyers. If bullish volume resumes and price action closes decisively above $150, a retest of $156 appears likely. A failure to hold $142, however, could expose downside risk toward $135.
Frequently Asked Questions (FAQs)
Solana dropped 1.9% as investors rotated capital into stronger narratives like Bitcoin and SUI, which saw renewed institutional attention.
Yes, Solana’s long-term outlook remains strong, propelled by its DeFi utility and endorsements from major investors like Eric Trump.
The next key resistance is around $156, aligned with the upper Bollinger Band and recent local highs on the daily chart.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/solana-price-predicted-to-hit-750-as-eric-trump-fires-10-year-warning-at-us-banks/
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