Solana (SOL) rebounded to roughly $74, marking a 23 % surge from its June low of $60, after a sharp decline earlier in the month.
Market Overview
During the last 24 hours SOL recorded a trading volume of $1.89 billion, supporting a market capitalization of $42.96 billion. Over the same period the coin posted a 3.08 % price gain, reinforcing its recovery momentum.
Technical Indicators
Analyst Ali Charts reported that a TD Sequential buy signal on Friday triggered an 8.40 % climb from $68.46 to a high of $74.27. A fresh sell signal now appears on the 4‑hour chart, with price meeting resistance near $74.65, which aligns with the 4‑hour 200‑day simple moving average at $75, forming a concentrated technical ceiling.
If SOL retreats from this barrier, the next support level could sit around $71, while a deeper pullback may target the previous low of $68.46.
On‑Chain Activity
Blockchain data from Ali Charts shows that approximately 600,000 SOL tokens have moved into centralized exchanges recently. Such a sizable inflow often signals that holders are preparing to liquidate or hedge, which could generate short‑term downward pressure on the price.