TLDR
- SOL is trading near $78, up roughly 30% from its June low of $60.13
- Price sits above the 50-day EMA at $76.82 but faces resistance at the $81.50 trendline
- Retail demand is rising with futures volume up 15%, though ETF inflows have been zero for two days
- A SuperTrend buy signal has appeared for the first time since October 2025
- SBI Holdings partnership aims to build on-chain financial infrastructure in Japan
Solana has been climbing steadily this week, trading near $78 after gaining close to 30% from its June cycle low of $60.13. The recovery has pulled SOL back above the 50-day Exponential Moving Average (EMA) at $76.82, a level that now acts as near-term support.
Retail traders appear to be driving the move. CoinGlass data shows futures volume jumped 15% to $6.90 billion in the past 24 hours, while Open Interest held steady at around $4.93 billion. A funding rate of 0.0040% points to a mild bullish lean in the market.
Institutional interest has been quieter. Solana ETFs recorded zero inflows for two consecutive days this week, suggesting large traditional investors are still sitting on the sidelines for now.
The key level to watch is $81.50. That is where a descending trendline sits, and a clean daily close above it would be the first technical confirmation that the downtrend is breaking. Beyond that, the next targets are $83.81, then the 78.6% Fibonacci level at $88.56.
The $89–$92 Supply Zone
A bigger test sits higher. The $89 to $92 range has rejected price multiple times since March, making it a wall that bulls need to clear before $100 becomes realistic. The 200-day EMA at $94.52 adds to that resistance layer.
Analyst Ali Martinez noted that the SuperTrend indicator has produced its first buy signal since October 2025. His analysis points to potential targets near $96 and $121 if sustained buying follows.
SOLANA TURNED BULLISH
The ATR trailing stop has flipped below price, marking the first SuperTrend buy signal since October 10.
If buying pressure continues to build, $SOL could rally toward $96 or even $121. However, $60 remains the key level to watch.
A break below that… https://t.co/Femtlawn2r pic.twitter.com/pJSFngWZiN
— Ali Charts (@alicharts) July 15, 2026
Crypto analyst Michaël van de Poppe flagged the current price level as critical, posting on X that if SOL holds here, a rally toward $120 in the coming months is possible. He pointed to the recent market bounce as a reason for improved conditions.
$SOL holds this crucial level for support and makes it therefore increasingly more likely that it continues to run to $120 in the coming 1-2 months. https://t.co/PPFJXcDUIi
— Michaël van de Poppe (@CryptoMichNL) July 15, 2026
SBI Holdings Partnership
Solana also received a boost from a new institutional tie-up. SBI Holdings, a major Japanese financial firm, has partnered with the Solana network to build on-chain financial infrastructure. The work covers stablecoins, tokenized real-world assets, cross-border settlement, and payments for AI agents.
Solana’s decentralized exchanges processed around $4.15 billion in volume within a 24-hour window, placing it ahead of competing blockchains on that metric.
On the downside, the $74–$75 band is the support zone to watch. Analyst BitGuru identified it as an important short-term floor on X. A break below there could open a move toward $68.88, with the June low at $60.13 as the deeper structural floor.
The RSI sits near 54, showing mild positive momentum without being overbought. The MACD is approaching its signal line, maintaining a neutral tone.
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