TLDR
- Morgan Stanley has refiled its spot Solana ETF application with the SEC under the ticker MSOL, with plans to hold SOL directly and possibly stake holdings.
- SOL is trading near the $82–$84 support zone after pulling back from a May high of $98.18.
- Buyers need to reclaim the $87–$90 resistance range to signal a short-term trend reversal.
- Analyst CryptoCurb has a long-term $1,000 price target on the weekly chart, contingent on a breakout above descending resistance.
- Analyst Ted Pillows flagged a liquidity cluster at $86–$88, with downside liquidity building around $80.
Solana is at a short-term decision point. The price has pulled back from recent highs while a new ETF filing from Morgan Stanley has brought fresh attention to the asset.
SOL fell from the $98.18 area after a breakout in early May. It is now trading near the $82–$84 support zone, which analysts are watching closely.
The $87–$90 range is the key level for buyers to reclaim. A clean move back above that zone would be the first real signal that the short-term downtrend is weakening.
Analyst BitGuru shared a 4-hour chart showing the current setup. The chart marks $82–$84 as a possible reversal zone if buyers step in at this level.
Analyst CryptoCurb took a longer view on the weekly chart. The chart shows SOL building a base above a long-term support trendline, with a descending red resistance line capping the upside.
zoom out.
SOL is going to $1,000+.#SOLANA ⚡️ pic.twitter.com/BAIPHM9mMM
— curb (@CryptoCurb) May 23, 2026
CryptoCurb’s $1,000 Target
CryptoCurb’s chart marks $1,000 as a long-term upside target. That level would require a confirmed breakout above the descending resistance line, followed by sustained follow-through.
The setup is not confirmed yet. Price needs to hold the support base and clear the red resistance line before the larger target comes into play.
Analyst Ted Pillows noted on X that $SOL has a liquidity cluster around the $86–$88 level. He also flagged downside liquidity building near $80, and pointed out that ongoing US-Iran peace talks could mean upside liquidity gets taken out before any reversal.
$SOL has a decent liquidity cluster around the $86-$88 level.
On the downside, some long-side liquidity is building around the $80 level.
US-Iran peace talks are ongoing, which means upside liquidity could be taken out first before reversal. pic.twitter.com/owUE3yrJdP
— Ted (@TedPillows) May 24, 2026
That observation adds context to the short-term price action. Liquidity at both levels suggests a potential move in either direction before a clearer trend emerges.
Morgan Stanley Refiles Spot Solana ETF
On May 20, 2026, Morgan Stanley submitted an amended S-1 filing for the Morgan Stanley Solana Trust. The proposed fund would trade on NYSE Arca under the ticker MSOL.
The trust would hold Solana directly — not through futures or synthetic products. Morgan Stanley Investment Management Inc. would act as Delegated Sponsor.
The filing states the trust may stake up to 100% of its SOL holdings using third-party providers. Staking would only happen when legal and regulatory risks are considered acceptable by the sponsor.
The SEC must still approve the application before any launch can happen.
SOL is currently trading near the $82–$84 support zone, with bulls needing to hold this level and reclaim $87–$90 for any recovery to take shape.
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