While most top cryptocurrencies gained between 3% to 4% this week, Solana alone fell nearly 3.5%, making it one of the weakest major coins. Santiment data shows extremely negative sentiment a
While most top cryptocurrencies gained between 3% to 4% this week, Solana alone fell nearly 3.5%, making it one of the weakest major coins. Santiment data shows extremely negative sentiment around SOL has reached its highest level this year.
However, a well-known crypto analyst believes this fear could set up a rally toward $100 and even $127.
According to the Santiment data, negative sentiment around Solana has reached its highest level of 2026. On social media, more traders are posting negative comments about SOL now than at any other time this year.
At the same time, Solana’s trading volume has dropped to just $2.27 billion, its lowest level of 2026.
Santiment suggests that when most investors become extremely bearish, it usually means many weak hands have already sold. As selling pressure starts to dry up, even a small wave of new buyers can move the price higher.
One major reason behind Solana’s recent weakness has been continuous selling from Pump.fun.
According to Arkham data, the platform reportedly sold nearly $10 million worth of SOL in a single day, while its cumulative SOL sales have now reached around $780 million. In late May alone, Pump.fun sold roughly 100,000 SOL, valued at about $8.3 million, in one transaction.
Since the platform regularly converts its revenue into SOL sales, every large transaction adds new supply to the market, making it harder for buyers to push prices higher.
Despite all, Solana continues to dominate blockchain activity. Recent DeFi data shows Solana ranked first in decentralized exchange (DEX) trading volume across the 24-hour, seven-day, and 30-day timeframes.
The network processed around $2.44 billion in DEX volume over the past day, far ahead of Ethereum’s $1.58 billion.
Solana also continues to lead major crypto sectors, including tokenized stocks, real-world assets (RWAs), stablecoins, and on-chain payments.
Meanwhile, crypto analyst Ali Martinez pointed to several technical and on-chain signals that are starting to improve.
The first one Ali highlighted is the SuperTrend indicator, which flipped bullish after Solana reclaimed the $78 level, indicating that buyers are slowly gaining control.
On-chain data also supports the recovery. Between June 24 and July 3, nearly 1.5 million SOL left centralized exchanges. During the same period, the Solana network added around 1.6 million new addresses, showing continued user growth despite weak price action.
Still, one major resistance Ali points to is URPD.
5/7 But there’s one major obstacle ahead.The URPD shows Solana faces a supply barrier between $79 and $85. Roughly 105M $SOL were transacted in this zone.A breakout above $85 could clear the path to the next major supply clusters at $100 and $127.https://t.co/e3H4NC94Hw
— Ali Charts (@alicharts) July 10, 2026
According to the URPD (UTXO Realized Price Distribution), the data shows heavy supply between $79 and $85, where roughly 105 million SOL previously changed hands. Breaking above this zone could open the door toward the next major targets at $100 and $127.
However, if SOL loses support at $74, the bullish setup could fail and expose the price to the next major support near $53.
santiment
santiment
Santiment is the cryptocurrency analytics platform that offers market insights and tools to understand the dynamics of crypto ecosystem. It aspires to establish industry norms for cryptocurrency market data, best practices, and project openness, all of which will be accessible in a single location, effectively turning into the information and data hub for digital currency and blockchain assets. Company Details Founders: Maksim Balashevich Founded: 2017 Headquarters: Zug, Switzerland Key Features: Provides on-chain data that allows users to monitor blockchain activities like transaction volume, active addresses and more. Offers indicators by analyzing social media and news sources to track the sentiment score for various cryptocurrencies. Displays the movement of old, inactive coins, which may indicate significant changes in the markets. Provides advanced charting tools to help users understand data and trends. On-Chain
ali martinez
ali martinezAli M. is a Senior Crypto & DeFi Producer and the Global Head of News, specializing in content marketing strategies within the cryptocurrency and decentralized finance sectors. In 2012, he discovered the Bitcoin through its whitepaper. Intrigued by the idea of a decentralized, borderless, and censorship-resistant currency, he quickly entered the cryptocurrency market as a trader. As a leader in the industry, he currently heads the content creation team at a top news media outlet. Details Organization: MONIIFY Location: United Kingdom Skills: Story Telling and Breaking News Experience: Senior Crypto & DeFi Producer at MONIIFY from Oct 2024 - Present Global Head of News at BeInCrypto from Oct 2022 - Sep 2024 Content Manager at Binance from Dec 2021 - Oct 2022 Senior Managing Editor FXStreet from Sep 2020 - Mar 2022 Marketing Content Specialist at Energi from Aug 2021 - Dec 2021 FAQ's 1. When did Ali M. get involved in cryptocurrency? Ali discovered Bitcoin through its whitepaper in 2012 2. What is Ali's role as a Senior Crypto & DeFi Producer? As a senior Crypto and Defi Producer is involved in overseeing the production of content related to cryptocurrencies and DeFi, ensuring that it is engaging, and [email protected] Analyst
SOL$ 77.67(-0.48%) 
