Solana Price Prediction: Crypto Bill Markup Next Week as SOL ETFs Cross $1B
The daily structure tells a cautious story. After losing multiple Break of Structure levels from the February highs near $150, SOL has been compressing inside a rising wedge since the March lows around $70. Price is currently pressing the 0.382 Fibonacci retracement at $90.65, which has acted as a ceiling through late April and into May. Above that sits a layered Fair Value Gap cluster between $105 and $125, with the 0.618 Fib at $104.98 and 0.705 at $110.25 marking the key recovery targets. The MACD on the daily is flat but curling, signal line and histogram both compressing near zero, suggesting the market is coiling before a directional move. Key levels to watch for May 9:Resistance: $90.65 (0.382 Fib), $97.82 (0.5 Fib), $104.98 (0.618 Fib)Support: $83 wedge base, $70 March lowFVG overhead: $105–$125 zone SOL Spot ETF Flows Are Building Quietly Cumulative net inflows crossed $1.05B as of May 7, with Bitwise‘s BSOL leading on assets at $676.52M. Daily inflows came in at $6.67M on May 7, following $21.30M the prior session. Total net assets across all SOL spot ETFs sit at $937.82M, representing 1.82% of SOL’s market cap. Inflows have been consistent through late April and early May, even as price stagnated. That