Solana Price Prediction: Goldman Sachs Dumps SOL ETFs as Funding Rates Turn Negative
Solana trades at $84.86 on May 20, pressing the rising channel trendline for the second day running, as Goldman Sachs reveals it cleared its entire $SOL ETF position in Q1 and futures funding rates flip negative for the first time since February. $SOL Daily Chart: Channel Trendline Holding With a Liquidity Zone Below Solana Daily Price Action (Source: TradingView) $SOL is sitting on the lower rail of the rising channel from the February low at $67. Below that, a liquidity sweep zone between $76 and $78 marked by the LuxAlgo indicator becomes the target if the channel breaks on a daily close. All four EMAs are above price. The 20 EMA at $87.84 and 50 EMA at $87.66 are the immediate ceilings, followed by the 100 EMA at $92.95 and 200 EMA at $109.58. Price has not closed above the 20 EMA since May 16. A pink liquidity zone near $96 to $98 marks where price was rejected on May 11 and remains the level that needs clearing before any recovery attempt holds. $SOL Key levels for May 21:Resistance: $87.84 (20 EMA), $87.66 (50 EMA), $92.95 (100 EMA), $96 to $98 rejection zoneSupport: Channel trendline near $84, $76 to $78 liquidity sweep zone200 EMA: $109.58 Solana