SOL has a market cap of $44.86 billion, as of date, and crypto market cap is at $2.2 trillion:
- Solana Mainnet Activates First Slot Time Reduction to 350 Milliseconds.
- FalconX, Interstice Connect Canton to Ethereum, Solana, and Robinhood Chain.
- Solana: Native DEX Trading Goes Live on XRPL – 16 Aug 2026.
- Solana: Cash App Enables Token Purchases Through MoonPay – 18 Aug 2026.
- CoinGlass: SOL ETFs Recorded $10.26Mn in Net Inflows Last Week.
- Solana ETF Inflows Surge 70x to Best Week Since May.
On the daily chart, Solana is currently trading around $76.93. Overall, market sentiment remains cautiously bullish, with SOL continuing to trade above its lower channel trendline, reflecting sustained buying interest at lower levels. On the upside, the $78 level remains a key resistance. A decisive breakout and sustained close above this level could trigger fresh bullish momentum and pave the way for the next leg higher.
Technical Chart of SOL
On the daily chart, SOL price is trading above its Simple Moving Average (14 & 21 periods) levels of $75.42 & $75.48, indicating support for the price.
On the daily chart, the RSI is at 56.70 and continues to hold above the 50 level, indicating that bullish momentum remains intact. The Stochastic Oscillator is at 94.44, placing it in the overbought zone and suggesting that the market could witness short-term profit booking or consolidation before the next directional move. However, overbought readings can persist during strong uptrends, so they should be interpreted alongside price action.
Overall, market sentiment remains cautiously bullish, with SOL continuing to trade above its lower channel trendline, reflecting sustained buying interest at lower levels. On the upside, the $78 level remains a key resistance. A decisive breakout and sustained close above this level could trigger fresh bullish momentum and pave the way for the next leg higher.
Also Read: XRP Price Prediction
Support and Resistance Levels
| Support 2 | Support 1 | Asset (Price) | Resistance 1 | Resistance 2 |
| $72.70 | $69.30 | SOL ($76.93) | $79.15 | $82.10 |
Above $82.10, there’s a possibility of hitting the $87.55 levels.
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