According to external sources, Solana has recently maintained the shock and prices are still being processed within the rising corridor. The article refers to analysts ' views that short-line targets could point to $93 if SOL could continue to stand on the $76 line and open space near $85.

Declining exchange inflows

It was reported that the decline in the number of SOLs flowing to the exchange over the past week meant that the stock available for sale was reduced and sales pressure slowed. The analysis suggests that this change has led to a stronger price support in the vicinity of $75.

At the same time, the cash flow of SOL ETF has improved. The data show that, as of the week of 17 July, the related products recorded a net inflow of $948.2 million, ending pre-deficit performance.

Five hundred thousand more addresses on the chain.

In addition to the flow of funds, chain address data are considered to be supporting factors. Since 18 July, the number of additional Solana addresses has increased by about 500,000, indicating an increase in network activity.

According to the article, such data usually reflect improved market participation. If new addresses and financial flows continue, it may be easier for SOL to break up the current consolidation.

There's more resistance around $85.

From the warehouse distribution, there is a relatively high level of trade-intensive belt between $76 and $85. The URPD data reported that approximately 125 million SOLs had completed the transaction in the area, and that the USD 85 was therefore considered to be the next major resistance.

If the price stands at this position, the market may further test $93 and open up space for impact of $100. On the contrary, if you break $70, the short-line movement may be weaker, with the next stronger support near $53.

Additional information:It was also reported that a cross-chain bridge agreement in Solana had recently been hacked at a loss of approximately $1.65 million, but that the incident had had a limited impact on currency prices. At the time of the deadline, SOL had increased by 2.2 per cent over the past 24 hours, reporting USD 77.43.