Solana (SOL) is down 5% over the past seven days and has traded below $180 for six consecutive days. Despite this, institutional interest in SOL is rising, with large players accumulating and staking significant amounts ahead of a potential altcoin season.

However, technical indicators are showing signs of weakness, including a negative BBTrend, a bearish Ichimoku Cloud setup, and a looming EMA death cross. These mixed signals suggest that while long-term confidence is growing, short-term momentum remains under pressure.

Solana Draws Institutional Interest, But Ichimoku Cloud Signals Uncertainty

Institutional accumulation of Solana is intensifying in May 2025, signaling strong confidence ahead of a potential altcoin season.

Despite altcoin trading volumes remaining below previous peak levels, major players have been stacking SOL—staking large amounts and adding to long-term holdings.

Over 65% of SOL’s supply is now staked, and Q1 2025 app revenue reached $1.2 billion, the strongest in a year. These trends, combined with positive on-chain flows and ecosystem expansion, position Solana as a frontrunner if altcoin momentum returns.