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Solana tests key $98 resistance amid institutional staking demand and macro pressures.

Technical Signals
16 May 2026
Tokenpost
View Source
Neutral
pluang ai news

Solana (SOL) is trading within a $78–$98 range, with a breakout above $98 seen as a potential trigger for higher price targets around $107 and $117. Despite a recent dip influenced by broader crypto market weakness and macroeconomic factors like rising U.S. Treasury yields, institutional investors are focusing on staking yields of 6.5%–7.2%, which provide steady income and support long-term holding. Technical upgrades and staking demand underpin Solana's outlook, while traders watch options expiries and macro headwinds for short-term volatility cues.

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