Solana July Prediction: $80 Is a Key Point, $120 Target
2026-07-02
Solana (SOL) entered July 2026 in a critical position after rising 16% in a week to $77, but still 74% below the record high of $293.
Network activity is actually showing significant strength, with active addresses approaching 7 million and transactions per second approaching 1,100, approaching an all-time record.
The $80 level is a key determinant: if it is broken, the $100 to $120 target is wide open, but failure at $80 risks sending the price back to the $63 support.
July was a key month for SOL with the Alpenglow upgrade catalyst in the third quarter.
Key Points
Solana (SOL) is currently trading around $77, with strong support at $73 (0.786 Fibonacci) and key resistance at $80 that will determine the direction of July.
SOL network activity is clocking in at nearly 7 million active addresses and transactions per second are approaching 1,100, nearing an all-time high.
A daily close above $80 could open the way towards $100 and the $120 target, while failure to hold $73 risks a retest of the $63 level.
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Solana July Prediction: $80 Is a Key Point, $120 Target
Solana (SOL) Entering July 2026, the stock is in a critical position after rebounding 16% in the past week to around $77.
While still 74% below its record high of $293, network activity is showing significant improvement with active addresses approaching 7 million and transactions per second approaching 1,100, approaching an all-time high.
This divergence between depressed prices and strong network fundamentals makes July a defining month for SOL.
The $80 level is a key barrier: if it is broken, the $100 to $120 target is wide open, but failure at $80 could send the price back to the $63 support.
Read Also: Solana Price Analysis (SOL) to $100: Challenges and Opportunities
Network Activity Strengthens Amid Pressured Prices
On-chain data paints a healthier picture than price action suggests.
The number of active addresses increased sharply and retested the yearly high below 7 million.
Transactions per second (TPS) measured by a 7-day average also rose sharply towards 1,100, approaching a new record high for network throughput.
This divergence creates an opportunity: network activity continues to grow while token prices are at their lowest levels in over a year.
The surge in throughput largely stems from meme coin launches and speculative airdrops on Solana.
If usage continues above this level, it will strengthen the fundamentals for price recovery.
Read also:How to Buy Solana (SOL) | SOL to IDR | SOL to USDT
Weekly Structure Remains Bearish
However, the weekly chart tells a more cautious story. SOL remains 74% below its all-time high of $293 and is at its lowest level since December 2023.
Price is currently holding at the long-term 0.786 Fibonacci retracement level around $73, the last major support level before a deeper decline unfolds.
The first significant resistance is at the 0.618 Fibonacci level around $120.
A move back to that zone would require a rise of more than 55% from the current price.
Weekly volumes continue to contract, which often signals accumulation and low volatility.
However, the broader structure remains bearish until buyers can reclaim higher levels.
Solana Price Prediction: $80 as the Decisive Price
The daily chart offers early signs of a possible bottom. SOL broke out of an ascending channel in June and reached a measured target around $63.
Price then bounced strongly off that support and is now retesting resistance just below $80.
The Relative Strength Index (RSI) has risen towards 60, indicating increasing buying momentum.
A daily close above $80 would strengthen the recovery case and pave the way towards $100 and eventually $120.
Conversely, failure to hold $73 will expose the $63 demand zone again.
Read also:Solana (SOL) Staking Guide 2026 from A-Z for Passive Income
Potential Catalyst: Alpenglow Upgrade
The upcoming Alpenglow consensus upgrade could be a catalyst if activation approaches the third quarter.
This upgrade is expected to increase the throughput and efficiency of the Solana network, which could attract more developers and users.
If the market responds positively, this could be the trigger for a significant rally.
However, the main risk remains from broader market weakness, as evidenced by recent ETF outflows.
Macro sentiment and Bitcoin movements will greatly influence SOL movements in July.
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Conclusion
July 2026 will be a defining month for Solana. The $80 level will be a key indicator: if it's broken through with strong volume, the $100 to $120 target opens up.
The $73 support level must hold to prevent a further decline to $63. With strong network activity and the Alpenglow upgrade as a catalyst, SOL has the potential to rebound, but macro risks remain.
Investors are advised to pay close attention to these key levels while conducting independent research before making any investment decisions.
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FAQ
What is the current price of Solana (SOL)?
SOL is currently trading around $77 with a market cap of around $42.6 billion.
What are Solana's key support levels?
Major support is at $73 (long-term 0.786 Fibonacci level), with next support at $63.
What is the nearest resistance level?
Immediate resistance is at $80, followed by $100 and $120.
Why is $80 important?
A daily close above $80 would open the way to $100-$120, while a failure at $80 risks a return to $63.
What happened to Solana's network activity?
Network activity has increased significantly with active addresses approaching 7 million and TPS approaching 1,100, approaching an all-time record.
What is the Alpenglow upgrade?
A consensus upgrade scheduled for Q3 2026 is expected to increase the throughput and efficiency of the Solana network.
Why is the price of SOL still depressed?
SOL is still 74% below its all-time high of $293 and facing pressure from ETF outflows and bearish macro sentiment.
What are the main risks for SOL?
Broader market weakness and failure to hold the $73 support could send prices to $63 or lower.
What are the positive catalysts for SOL?
Alpenglow upgrade, increased network activity, and $80 breakout with strong volume.
What are the prospects for SOL in July 2026?
July is a crucial month with the $80 level as the main barrier between a bullish scenario towards $120 or a bearish one towards $63.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
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