Solana posted a new on-chain milestone after tokenized equity transactions on the network reached $553 million in daily volume. The record arrives as traders keep a close eye on SOL, which was last recorded at $71.44, down 0.43% over the past 24 hours. Price action and ecosystem activity are now being watched side by side.
$72 to $75 remains the first major barrier
According to the market structure outlined in the source material, the $72 to $75 range is the first descending resistance zone. A firm reclaim of that area would shift attention to $80, which analysts describe as the short-term validation level for a stronger move. If SOL can secure a daily close above $80, the next upside levels discussed are $90 to $95.
The downside map is also clearly defined. $70 is identified as key short-term support, and a break below it could open a move into the $65 to $60 range. If selling pressure increases, liquidity around $50 may come into view. Crypto analyst Michaël van de Poppe said Solana appears to be trying to reclaim its previous trading range, and he projects a possible move toward $120 to $130 in the third or fourth quarter if that structure returns.
On-chain growth extends beyond meme coin activity
Whale Factor said the $553 million figure highlights how Solana’s ecosystem reaches beyond meme coins and standard crypto trading. Available data in the report shows Solana’s real-world asset ecosystem has grown to $3.18 billion, with more than 291,000 active investors participating in that segment.
Other network figures point in the same direction. Applications built on Solana generated $19 million in protocol revenue over the past seven days, while the monthly total stood at $85 million. Decentralized exchange spot volume on the network reached $12.3 billion in just one week. Those numbers place volume, user participation, and application revenue at the center of the current SOL narrative.
Technical setups outline much higher levels
Chart analyst JAVONMARKS said a “cup and handle” pattern has appeared on the 12-day timeframe. For that setup to be confirmed, SOL would need to break through the $260 to $280 resistance region on strong volume, which could make $500 the next technical objective. A falling wedge is also being monitored on the broader timeframe, with a breakout from that formation pointing to a longer-term projection near $233.
Dami-Defi added that a daily close above the descending trendline would strengthen the bullish setup, though the weekly MACD has not yet produced a clear bullish crossover. Crypto Patel said that as long as accumulation in the $40 to $60 zone remains intact, longer-term targets as high as $500 and even $1,000 could stay in play. For now, the immediate levels remain unchanged: $75 is the nearby test, and $80 is the key confirmation threshold.