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Solana price nears $73 amid governance proposals and large token sales, eyes $76 breakout for recovery.

Market News
07 Aug 2026
Blockonomi
View Source
Neutral
Solana price nears $73 amid governance proposals and large token sales, eyes $76 breakout for recovery.

Solana (SOL) traded near $72.91, down 1.47% in 24 hours, facing resistance around $73.35 and key breakout level at $76. Governance proposals SGP-0002 and SGP-0003, which aim to reduce token supply growth, are in final discussion until August 22. Meanwhile, Pump.fun sold 84,789 SOL worth $6.25 million, adding market supply. Analyst Michaël van de Poppe sees a confirmed break above $76 as a potential trigger for a recovery toward $120, while traders watch support near $70.65 and await the governance vote outcome.

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