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Solana traded near $76.69 after gaining 0.99% over 24 hours. Bitcoin rose 0.52% during the same period. SOL held above the $73 to $75 support zone as the price faces resistance between $80 and $85.
A break above that area could open the way toward $94. The $110 to $125 range would then become the next market test. A move below $73 would weaken the structure and bring $70 back into focus.
SOL pulled back after trading near $82 and found support around $74. The first resistance range sits between $78.40 and $82.30. Buyers need a firm close above this zone to support a move toward $89.30 and $93.90.
The 200-day moving average sits near $80 to $81. This level has capped several recovery attempts. Stronger spot volume would help SOL move through the barrier. Until then, price may remain between support near $73 and resistance around $81.
The four-hour Relative Strength Index stood near 49. That reading showed balanced pressure between buyers and sellers. SOL traded close to its 50-period and 200-period exponential moving averages.
A break below $73.50 would place the next support near $72.80. If sellers push through both levels, SOL could fall toward $70.62. Lower chart zones sit near $68.42 and $64.69.
According to Token Terminal, Solana’s total stablecoin market cap surpassed $15 billion, marking an all-time high for the network. The blockchain now hosts about 5% of the stablecoins issued across the wider crypto market.
USDC and USDT continue to lead Solana’s stablecoin supply. USD1 and USDGO have also expanded their presence, giving users more dollar-linked assets for trading, lending, payments, and settlement.
The stablecoin market also includes currencies linked to the US dollar, euro, and other fiat units. Circle, Tether, and Paxos rank among the leading issuers serving the Solana ecosystem.
Meanwhile, alternative stablecoin supply, excluding USDC and USDT, reached a reported record of $4.81 billion. This growth shows that Solana’s stablecoin market is expanding beyond its two largest assets.
More than $26 million in assets also moved from other blockchains to Solana over the past week. These transfers added liquidity while SOL traded near its support zone.
Solana’s real-world asset value also crossed $3 billion, while cumulative tokenized stock volume moved above $10 billion.
SOL-focused exchange-traded funds recorded less than $1 million in weekly inflows for two straight weeks. The products attracted about $948,210 after roughly $930,430 in the prior week. Meanwhile, Bitcoin and Ethereum funds received larger inflows during the same period.
Futures data showed cautious positioning. Solana open interest fell toward $4.77 billion, while trading volume rose to about $5.37 billion. Traders reduced outstanding leveraged positions despite the rise in volume.
The funding rate moved slightly below zero. Negative funding showed that short positions carried a small premium. This setup suggested cautious positioning despite SOL holding above support.
The weekly chart places the next major barrier near the 20-week exponential moving average around $85. A close above that level could bring $94 into view. SOL would then face resistance between $110 and $125.
The $125 target depends on buyers clearing each resistance zone. A sustained move above $125 could expose the yearly open near $143. A drop below $73 would shift attention toward $70.
Also Read: Crypto Prices Today: Bitcoin Holds Above $64,000 as ETF Inflows Return; GENIUS Act Deadline Slips
