Solana has posted a strong recovery over the past week, gaining more than 10% and trading around $80.88 at press time. The seventh-largest cryptocurrency has outperformed several large-cap altcoins during this period.
The move comes after SOL defended the $70–$72 support zone for the third time this year. Buyers have been stepping in at that level, and the price has since pushed back toward a multi-month descending trendline.
Crypto analyst Daan Crypto Trades flagged the move on social media, noting that SOL was attempting to retake its previous range — an area where it spent roughly four months consolidating. He pointed out that when price broke below this range in early June, it quickly dropped more than 20%. With SOL now reclaiming the $78 level, he described it as a potential reversal setup toward the range high, adding that he was watching closely for closes around that area.
$SOL Is attempting to retake its previous range which it spend about 4 months consolidating in.
We were tracking this range and expecting a large move to occur once broken, that did happen at the start of june and was quickly followed by a 20%+ down move.
With price now… pic.twitter.com/75vlaAmZMc
— Daan Crypto Trades (@DaanCrypto) July 2, 2026
Forward Industries recently grew its Solana treasury holdings to more than 7.5 million SOL, adding over 500,000 tokens during its latest fiscal quarter. This kind of corporate treasury accumulation has become a growing trend for digital assets.
🚨BREAKING: Forward Industries (@FWDind) is back to buying $SOL.
The largest Solana treasury by holdings bought over 500K $SOL ($39.5M) in fiscal Q3 at an average price of $79, taking its total holdings to 7.55M $SOL. pic.twitter.com/iGHUJBORPv
— SolanaFloor (@SolanaFloor) July 1, 2026
Spiko also launched tokenized money market funds on the Solana blockchain. The fund is managed by Amundi, Europe’s largest asset manager with €2.4 trillion in assets under management. This is seen as a step forward for real-world asset tokenization on Solana.
Solana continues processing around 100 million daily transactions. Total value locked on the network sits near $4.8 billion, according to DeFiLlama.
Active addresses and net inflows have risen in recent days. Open interest has also increased alongside price, which suggests fresh capital is entering the futures market.
Short liquidations have picked up as well, meaning traders betting against SOL were forced to close positions as prices moved higher.
Solana broke above its 50-day moving average of $75.85, which now acts as immediate support. The RSI sits at 63.8, showing bullish momentum without yet entering overbought territory.
The next major test is at $80–$82, where trendline resistance and prior supply overlap. A daily close above that zone could open a path toward $90 and then $100.
The 200-day moving average at $94.07 is the bigger technical hurdle. Solana last traded at $80.88 with a 4.42% gain in the past 24 hours.
The post Solana (SOL) Price: Whales Call SOL a ‘Massive Opportunity’ as Price Surges — Is $100 Next? appeared first on CoinCentral.
