SOL has a market cap of $42.45 billion, as of today, while the total crypto market cap stands at $2.18 trillion:
- Solana to host a community call on July 30.
- Ethereum and Solana led crypto hack losses, with H1 2026 losses reaching $1 billion.
- Morgan Stanley debuts Ethereum and Solana ETFs with the market’s lowest fees.
- Crypto liquidations reached $95.7 million in the last 24 hours.
On the daily chart, Solana is currently trading around $73.35. Although the crypto market experienced positive momentum earlier this week, it failed to sustain the rally. SOL is currently holding support near the $73 level, but any further weakness in the broader market could lead to increased selling pressure. Overall, the market structure remains bearish, and traders should remain cautious.
Technical Chart of SOL
On the daily chart, SOL is trading below its 14- and 21-period Simple Moving Averages at $75.75 and $75.95, respectively, and may face resistance in the near term. On the daily chart, the RSI stands at 42.70, remaining below the 50 level, which suggests that bearish momentum is weakening, although the overall trend remains cautious. The Stochastic Oscillator is at 7.76, indicating that SOL is in the oversold zone and could witness a relief rally if buying interest emerges. Overall, market sentiment remains mixed, with the $78 level acting as a key resistance zone.
Also Read: Crypto Tax Filing in India: An Expert Answers All Your Questions
Support and Resistance Levels
| Support 2 | Support 1 | Asset (Price) | Resistance 1 | Resistance 2 |
| $69.60 | $65.85 | SOL ($73.35) | $77.85 | $82.50 |
Above $82.50, there’s a possibility of hitting the $86.10 levels.
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