Solana tests key $74 support as payment card volume reaches a record $94.32M, signaling growing network adoption.
Solana is holding a critical line in the sand near $74.
The token is squeezed inside a symmetrical triangle pattern on the charts. Traders are eyeing this level as the structure narrows toward a breakout.
At the same time, Solana’s payments network just posted a record month. Consumer card top-up volume hit an all-time high of $94.32 million in May 2026.
SOL Price Action Signals a Coming Move
Analyst Cryptorphic flagged the setup, pointing to a large symmetrical triangle forming on SOL’s chart. Price is currently testing the lower trendline near $74, a level that has held as support through recent sessions.
$SOL is currently squeezing inside a large symmetrical triangle, with price now testing the lower trendline support around $74.
The structure is getting tighter, so I’m expecting a bigger move soon. A clean bounce from this support could send SOL back towards $78–$80, while a… pic.twitter.com/nW9tT1hd3R
— Cryptorphic (@Cryptorphic1) July 25, 2026
The upper boundary of the triangle sits between $78 and $80, where sellers have repeatedly stepped in. This back and forth has produced a pattern of lower highs and higher lows, a classic sign of compression before a bigger move.
Momentum indicators are adding to the picture.
RSI has slipped toward the lower zone, sitting around 39. That reading suggests selling pressure has eased somewhat, though it does not confirm a reversal on its own.
Cryptorphic noted that a bounce from $74 could send SOL back toward the $78 to $80 range. A break below that support, on the other hand, would open the door to a deeper pullback as the triangle resolves to the downside.
CoinGecko data puts SOL’s price at $73.73 at last check, with 24-hour trading volume near $1.11 billion.
The token is up a modest 0.08% over the past day but down 1.04% across the last seven days. That weekly dip lines up with the price testing support rather than pushing higher.
Read also: Solana’s Five-Month Comeback Puts It Back at the Top of Blockchain Revenue
Solana Triangle Pattern Points to a Decision Point
Chart watchers describe the current setup as a decision point for Solana.
As the triangle narrows toward its apex, the range between support and resistance keeps shrinking. That typically precedes a sharper directional move once price breaks out of the pattern.
A confirmed close above the descending trendline near $78 to $80 would strengthen the case for further upside. Besides, a close below the rising support near $74 would flip that script toward a deeper correction.
Neither scenario has played out yet as of the latest data. Traders are treating the $74 level as the line that determines which direction SOL takes next.
Solana Payments Volume Hits New Heights
While the chart tells one story, Solana’s payments ecosystem is telling another.
Solana Daily reported that consumer card volume surged to a new all-time high during the second quarter of 2026. Monthly top-up volume reached $94.32 million in May, the largest figure recorded to date.
Solana is making crypto payments everyday reality. 💳🌐
Consumer card volume surged to new ATH in Q2 2026, recording an ATH of $94.32M in top-ups during May. pic.twitter.com/LyS61zjLtI— Solana Daily (@solana_daily) July 25, 2026
A chart from PaymentsCan, shared alongside the post, tracks monthly crypto card volumes from 2024 through 2026.
Volumes stayed minimal through mid-2024 before accelerating sharply in 2025. Growth then peaked between April and May 2026, topping the $94 million mark before easing slightly in June and July.
KAST remains the largest single contributor to that volume, according to the chart. Solayer, a program built on Solana, shows up as a smaller but visible slice of the total.
The data points to growing real-world use of crypto-linked cards, separate from the speculative trading that drives short-term price swings on networks like Solana.
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