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Solana holds $72 support amid network upgrade and steady ETF inflows despite bearish price signals.

Protocol Fundamentals
30 Jul 2026
Tokenpost
View Source
Bullish
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Solana (SOL) is trading near $74, holding a critical $72 support level despite bearish technical indicators like a negative MACD and trading below its 100-day moving average. The network recently completed a major upgrade increasing compute capacity by 66%, enhancing long-term scalability. Meanwhile, Solana spot ETFs have seen consistent inflows in July, signaling institutional interest even as broader market conditions remain challenging. The next key price moves depend on whether SOL can maintain support at $72 and reclaim resistance near $80, with long-term fundamentals strengthening through infrastructure improvements and growing cross-chain liquidity.

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