Solana recently rebounded after retrogression of critical support, with an increase of more than 10 per cent over the past week. Against the backdrop of large-market volatility, SOL rebounded more than some of the mainstream currencies, and the market returned to the 80-dollar upper range.
Institutional growth and emotional recovery
Market perceptions of SOL have recently improved. According to several market participants, Solana maintained important support many times at a time when the overall market was weak, indicating that the bottom line remained. With the pre-release partial depression, part of the long-term funds began to be reprogrammed.
It was reported that Forward Industries continued to grow in the latest financial season, expanding its SOL treasury hold to over 7.5 million, and adding more than 500,000 in a single season. The continued buy-in of the corporate treasury is seen as one of the factors underpinning medium- and long-term demand.
The chain keeps trading high.
In addition to the price rebound, the chain of Solana remains a focus of market attention. It was reported that the network currently traded approximately 100 million transactions per day and that active users and applications use remained high.
DeFi protocols, trading platforms, consumer-type applications and infrastructure projects continue to promote eco-activity. The continued use of the chain is considered to be one of the fundamental underpinnings behind this price repair.
80 to 82 dollars is a key resistance.
In terms of price structure, SOL had previously held a demand gap of between $70 and $72 for the third consecutive time and had begun to form a higher low point, indicating that the purchaser was absorbing pressure. As prices return to the downward line, US$ 80 to 82 becomes the most visible drag belt.
If the area is effectively located, the market focus may shift to two positions: $90 and $100. If the current area is blocked again, SOL may still be back in the vicinity of $72 to continue the process.
Overall, this round is not driven by short-line emotions alone. The growth of institutional holding and the maintenance of high levels of chain activity are providing additional support to SOL. However, the further opening of the upper space at the price will depend on its ability to break through the current resistance zone.
