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Solana price stabilizes near $69-$74 after losing over 75% of its peak gains, market cap drops to $42.8B.

Technical Signals
30 Jul 2026
Coinpaper
View Source
Bearish
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Solana's token price has fallen sharply from a peak of around $295 to the $69-$74 support zone, losing more than 75% of its gains. This decline has also caused Solana's market capitalization to shrink significantly to about $42.8 billion from over $120 billion. The $69-$74 area is now a critical support level, and a sustained hold here could indicate the formation of a bottom. However, a break below $69 risks further declines toward $60, while recovery above $80-$85 and $90-$100 would signal improving momentum. The market cap range between $40 billion and $50 billion is key to watch for signs of stabilization or continued weakness.

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