Solana
According to Coindesk Research’s technical analysis model, it has dropped 1.45% in the past 24 hours, down from 19:00 UTC on July 6 and 18:00 UTC on July 7 to $149.21. As for the broader crypto market measured by the Coindesk 20 index (CD20)down 0.56% in the past 24 hours.
The token’s trading range reached a peak of $153.67 in the $4.58 range, pushing prices below the psychological level of $150 before a sharp sell-off. The increase in the number near the meeting is recommended to buyer interest in the support area of $149, helping SOL to recover slightly to $149.31 at the end of this period.
Despite recent short-term weaknesses, new on-chain data still highlights the growth of Solana’s network strength.
according to Analyze the data of the platform ArtemisSolana matches monthly active addresses for all other L1 and L2 blockchains in June 2025. The growth of this user along with recorded network revenue set, Solana generated over $271 million in Q2 2025 Data from BlockWorks. This is the third consecutive quarter of blockchain leading network revenue for all chain stores, including transaction fees and off-business tips.
Together, these metrics underscore Solana’s position as one of the most used blockchains in the industry, both in terms of real users and economic throughput. The continued growth in network revenue also enhances the sustainability of Solana’s fee model and ecosystem activities, even in a volatile market situation. As developers and users continue to adopt Solana’s high-speed infrastructure, these usage trends can support long-term value even in the face of recent price resistance.
Technical analysis highlight
- SOL fell from $151.41 to $149.21 between 19:00 UTC on July 6 and 7 on July 6 on July 6.
- Transaction range spans $4.58 (3.07%)the conference high was $153.67 and the low was $149.09.
- During the 21:00 UTC hour on July 6, the volume rose to 925,497 tokens, forming $153.67 in the form of $153.67.
- In the last four hours, the price decisively below the psychological level of $150 and confirmed bearish short-term sentiment.
- Between 17:41 and 18:40 on July 7 UTC, SOL dropped from $150.27 to $149.72.
- UTC saw a sharp sell-off between 18:16 and 18:17, with prices above 57,000 tokens reaching $149.42.
- The buyer defended the $149 support zone in the last few minutes, triggering a 0.37% rebound.
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance Our standards. For more information, see Coindesk’s complete AI policy.
