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Solana holds $76 support amid trader focus on altcoin rotation after Bitcoin rally

Market News
12 Jul 2026
Tokenpost
View Source
Neutral
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Solana (SOL) traded near $76 with mild selling pressure despite Bitcoin's weekend rally, as traders watch for capital rotation from Bitcoin into large-cap altcoins. SOL's price consolidation suggests a potential breakout or breakdown, with key support around mid-$70s and resistance near $80. Trading volume was mostly on centralized exchanges, indicating short-term positioning rather than strong on-chain demand. The token remains relevant with a market cap of about $44.6 billion, and its price action will likely depend on Bitcoin's continued strength and broader crypto risk appetite.

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