Solana (SOL) is moving in an upward consolidation phase as the general conditions in the crypto market have turned slightly positive. According to CoinMarketCap, the SOL price has surged by 1.22% over the last 24 hours, but it remains stable over the last week.
At the time of writing, SOL is trading at $83.03, with a trading volume of $3.66 billion, which is slightly down by 8.42% over the last 24 hours. However, its market capitalization stands at $47.71 billion, which has surged by 1.23%.
Source: CoinMarketCap
Also Read: Solana (SOL) Surges on SpaceX Buzz: Bullish Breakout Targets $95 and Beyond
Furthermore, the crypto analyst BitGuru pointed out that SOL has cooled after facing rejection near the $87 resistance zone, pausing its recent bullish advance as traders booked profits and momentum slowed.
Despite the pullback, price action remains constructive because the $80–$82 support range continues to hold firmly, signaling that buyers are still defending structure and maintaining short-term market stability for an intact outlook for now.
Source: BitGuru’s X Post
BitGuru says that as long as SOL is trading above this area of support, then the overall bullish formation is still intact, and an attempt for a further push higher should be possible.
Otherwise, any break below $80 will see market structure deteriorate very fast, leading to a corrective move as the bulls lose control of the market.
Apart from this consolidative price movement, there is a massive increase in activity on Solana since PreStocks broke its daily trading volume record at $28 million.
This indicates that there is an increasing demand for tokenizing one’s stake in privately owned businesses that are yet to go public. This is due to the increasing interest in using blockchain technology for synthetic equity markets.
Source: Solana Floor’s X Post
OpenAI took a share of volume of 69%, with SpaceX at 12.6% and Anduril Industries accounting for 9.1%.
This activity is carried out using PreStocks and underscores increasing interest from the retail side in tokenizing private companies, particularly in fields like AI, aerospace, and defense, although experts caution that pricing is very speculative.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Solana Breaks Falling Wedge Pattern as Price Reclaims $84 Level
