Solana price holds near $84 amid strong network activity but faces key resistance at $88.77 this week.

Solana (SOL) is trading around $84, down 2.35% over the past week, with a market cap of $48.45 billion. Despite subdued price movement, Solana leads Layer 1 and 2 platforms in DApp revenue and decentralized exchange volume, supported by low transaction costs and fast processing. Technical indicators show SOL consolidating between support at $81.94 and resistance at $88.77, with market participants watching closely to see if it breaks above resistance or falls lower. Futures data suggest cautious sentiment, and ETF flows remain modest, indicating that a clear directional move is needed for sustained bullish momentum.