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Solana price nears $100 resistance as institutional interest and staking ETFs boost optimism.

Market News
22 May 2026
Crypto news
View Source
Bullish
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Solana's price has rebounded to around $87, approaching a key resistance zone near $100 marked by a double-top pattern. Institutional interest is growing, highlighted by Morgan Stanley's refiling of a Solana ETF with staking support under the ticker 'MSOLsec,' signaling confidence in regulated Solana investment products. Despite recent market volatility and macroeconomic uncertainties, Solana's on-chain fundamentals and enterprise adoption remain strong, with growing revenues in decentralized infrastructure and integrations by firms like Visa and Meta. Traders are watching for a breakout above $90 to $95, which could trigger short squeezes and open the path to $100, though risks remain if support levels fail or broader market conditions worsen.

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