Solana Price Prediction: Crypto Bill Markup Next Week as SOL ETFs Cross $1B
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SOL trading $87.93 (May 9); daily chart shows a tightening rising wedge, testing the 0.382 Fib at $90.65 after losing structure from Feb highs (~$150) and rebounding from March lows (~$70). SOL spot ETFs drew $6.67M in inflows on May 7; cumulative spot ETF inflows crossed $1.05B and total net assets sit at $937.82M — positive for crypto adoption and token funding. CLARITY Act heads to Senate Banking Committee markup next Wednesday with developer protections and self-custody intact, offering regulatory clarity that may support on‑chain adoption and institutional engagement.
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- SOL spot ETFs pulled $6.67M in daily inflows on May 7, total net assets at $937.82M
- CLARITY Act Senate markup scheduled for next Wednesday, self-custody protections intact
- SOL trades inside a rising wedge on the daily, pressing against the 0.382 Fib at $90.65
Solana trades at $87.93 on May 9, coiling inside a tightening wedge pattern on the daily chart as spot ETF cumulative inflows cross $1.05B for the first time. The CLARITY Act heads to Senate Banking Committee markup next Wednesday, with developer protections and self-custody rights both confirmed in the current draft.
What the Daily Chart Shows Right Now
The daily structure tells a cautious story. After losing multiple Break of Structure levels from the February highs near $150, SOL has been compressing inside a rising wedge since the March lows around $70.…
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