Investment
Features
FeesSafety
Academy
More
Pluang+

Solana shows early rebound signs with bullish RSI but wallet count drops 5%, clouding price outlook.

Technical Signals
05 Aug 2026
Coinpaper
View Source
Neutral
Solana shows early rebound signs with bullish RSI but wallet count drops 5%, clouding price outlook.

Solana's price shows potential early recovery as a bullish RSI divergence forms near $73 on the weekly chart, indicating weakening selling momentum. However, the number of wallets holding at least 0.1 SOL has dropped by 5% recently, signaling reduced participation from smaller holders and creating uncertainty around the broader price trend. For a stronger rebound, SOL needs to break above the $80-$90 consolidation zone, while support remains near $60-$65. The declining wallet count serves as a cautionary sign rather than a definitive bearish signal, with future price direction depending on wallet participation and price movement.

More News (SOL)

Solana co-founder says IRS tax rules on staking rewards hurt ecosystem more than tokenomics changes

Solana co-founder says IRS tax rules on staking rewards hurt ecosystem more than tokenomics changes

Solana Labs co-founder Anatoly Yakovenko argues that the IRS's current tax treatment of staking rewards as immediate income creates a significant burden, especially for smaller stakers, by forcing them to pay taxes on unrealized gains. This tax polic...

Market News
Neutral
6 hours ago
Dogecoin fully integrated on Solana via Wormhole's Sunrise, enabling native token use and major liquidity boost.

Dogecoin fully integrated on Solana via Wormhole's Sunrise, enabling native token use and major liquidity boost.

Dogecoin (DOGE) has been fully integrated onto the Solana blockchain through Wormhole's Native Token Transfers (NTT) framework and the Sunrise liquidity gateway. This integration, covering DOGE's entire $35 billion circulating supply, allows DOGE to ...

Protocol Fundamentals
Bullish
8 hours ago
Bitcoin holds $80K amid regulatory uncertainty as CLARITY Act vote nears in U.S. Senate

Bitcoin holds $80K amid regulatory uncertainty as CLARITY Act vote nears in U.S. Senate

Bitcoin's price stabilized around $79,600 to $80,100 after a recent surge, supported by strong institutional demand with spot Bitcoin ETFs attracting up to $987 million in weekly inflows. Corporate Bitcoin purchases continued despite market volatilit...

Market News
Neutral
8 hours ago
Solana dominates memecoin trading with 85% market share, outpacing Robinhood Chain's brief challenge.

Solana dominates memecoin trading with 85% market share, outpacing Robinhood Chain's brief challenge.

For the week ending August 26, 2026, Solana led memecoin trading volume across major crypto chains with $5.2 billion, capturing 85% of the market. This outpaces Robinhood Chain, which managed $389 million in the same period after a strong launch in J...

Market News
Bullish
10 hours ago
1win adds USDC on Solana for deposits/withdrawals and supports Nepal flood relief with major donation.

1win adds USDC on Solana for deposits/withdrawals and supports Nepal flood relief with major donation.

1win has expanded its crypto services by enabling USDC deposits and withdrawals via the Solana network, offering users a fast and low-cost stablecoin option. The platform also announced the upcoming launch of its 1win Token on Solana. Additionally, 1...

Protocol Fundamentals
Bullish
10 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App