Key Highlights SOL currently holds at $78, up approximately 5% from its low on July 18 A decisive close above $80 is required to unlock momentum toward $82–$84 Heavy short liquidations concen
Solana is currently positioned at $78.03, marking a roughly 5% rebound from the July 18 bottom after support solidified near the $74 mark. Intraday action has kept the token confined between $77.42 and $78.88, while remaining below the $82–$84 resistance zone tested earlier this month.
Solana (SOL) PriceThe critical threshold sits at $80. A sustained daily close beyond this level would pave the way toward July’s swing peaks between $82.50 and $84. Should bulls manage to clear that zone, the next milestones emerge at $90 and the previous range ceiling around $97.60.
Technical structure on the 4-hour timeframe shows SOL trading comfortably above four pivotal moving averages — positioned at $75.55, $76.42, $77.01, and $77.60. This configuration signals near-term bullish control. The MACD indicator maintains its position above the signal line, although upward momentum has begun to taper.
Prominent crypto analyst Michaël van de Poppe shared his perspective on X, noting that SOL is successfully “holding the range low” and suggesting it’s “just a matter of time” before momentum drives prices toward $120. His outlook remains decidedly bullish despite recent sideways movement.
The path of $SOL remains the same.
It's holding the range low and, to me, it's just a matter of time until this starts to accelerate towards $120. pic.twitter.com/hv6rVMtkxl
— Michaël van de Poppe (@CryptoMichNL) July 21, 2026
Liquidation metrics from CoinGlass reveal substantial short interest concentrated around $78.50, $79.20, and $80.60. A decisive breakthrough above $79 could trigger forced liquidations among overleveraged shorts, injecting fresh buying pressure and potentially accelerating movement toward $81.
Source: Coinglass The Chaikin Money Flow indicator currently registers at -0.02, just below neutral territory, suggesting that capital inflows haven’t fully supported the recent price recovery. Validation of the uptrend will require more robust buying volume.
Trader Daan Crypto Trades offered a straightforward assessment: SOL has arrived at a “key high timeframe region.” The outcome is binary—either bulls break through and aim for the $90s, or the price faces rejection and retreats toward the mid-$60s.
Market confidence suffered following a governance exploit that siphoned approximately $20 million from the BonkDAO treasury. The perpetrator invested roughly $4.4 million to accumulate sufficient BONK tokens for governance participation, then successfully pushed through a malicious proposal with 99.9% voting support. While Solana’s core infrastructure remained uncompromised, the episode exposed governance vulnerabilities within a prominent ecosystem project.
On the broader macroeconomic front, Brent crude oil climbed to $91.01 amid escalating U.S.-Iran geopolitical tensions, pushing the dollar index to 101.16. A strengthening dollar generally dampens investor appetite for risk assets including SOL.
U.S. spot Solana ETFs registered $8.36 million in net inflows on July 6 — marking their most robust single-day performance in nearly eight weeks — with zero outflows documented throughout the entire week.
Should support at $75.55 fail to hold, downside targets emerge at $72.50 followed by the June low around $67.
The post Solana (SOL) Eyes Critical $80 Resistance as Breakout Momentum Builds appeared first on Blockonomi.
