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Solana rises 30% since June, boosted by SBI partnership and bullish technical signals.

Technical Signals
16 Jul 2026
Blockonomi
View Source
Bullish
pluang ai news

Solana (SOL) has gained about 30% from its June low, trading around $78 and surpassing its 50-day EMA. The token's upward momentum is supported by increased speculative trading and a new SuperTrend buy signal, the first since October 2025. However, institutional investors remain cautious, with no fresh ETF inflows recently. Key resistance levels to watch are $81.50 and the $89-$92 zone, with potential targets near $96 and $121 if bullish momentum continues. Additionally, Solana's collaboration with Japanese financial giant SBI Holdings to develop blockchain-based financial systems adds positive institutional backing. Support levels to monitor are $74-$75 and $60.13 as critical downside points.

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