- Solana climbed above $80 as whale buying and institutional interest increased.
- A breakout could open the door to $100.
Solana has gained more than 10% over the past week. The latest rally has been supported by strong technical signals, growing corporate adoption, and rising institutional interest, leading many analysts to believe the next major target could be the $100 level.
The recent recovery follows several months of price pressure. However, renewed buying activity and improving on-chain data have strengthened confidence that Solana could extend its upward trend if key resistance levels are cleared.
Solana Reclaims Key Price Levels
Solana is trading near $80.88 at the time of writing after defending the important $70-$72 support zone for the 3rd time this year. Each successful defense has attracted buyers, helping the price recover toward a multi-month resistance trendline.
Crypto analyst Daan Crypto Trades noted that Solana has reclaimed the $78 level after falling below it in early June. At that time, the breakdown triggered a decline of more than 20%. The latest recovery suggests buyers have regained control, although confirmation will depend on sustained daily closes above the reclaimed range.
$SOL Is attempting to retake its previous range which it spend about 4 months consolidating in.
We were tracking this range and expecting a large move to occur once broken, that did happen at the start of june and was quickly followed by a 20%+ down move.
With price now… pic.twitter.com/75vlaAmZMc
— Daan Crypto Trades (@DaanCrypto) July 2, 2026
From a technical perspective, Solana also moved above its 50-day moving average at $75.85, which has now become an important support level. Holding above this area could strengthen the current bullish outlook.
Corporate and Institutional Adoption Continues to Grow
Beyond price action, adoption continues to support Solana’s long-term outlook.
Forward Industries increased its treasury holdings by purchasing more than 500,000 SOL during its latest fiscal quarter. The company now holds over 7.5 million SOL, reflecting growing confidence among corporate investors.
🚨BREAKING: Forward Industries (@FWDind) is back to buying $SOL.
The largest Solana treasury by holdings bought over 500K $SOL ($39.5M) in fiscal Q3 at an average price of $79, taking its total holdings to 7.55M $SOL. pic.twitter.com/iGHUJBORPv
— SolanaFloor (@SolanaFloor) July 1, 2026
Institutional activity has also expanded through traditional finance. Spiko recently launched tokenized money market funds on the Solana blockchain. The funds are managed by Amundi, Europe’s largest asset manager with approximately €2.4 trillion in assets under management.
This development highlights how established financial firms continue exploring blockchain technology for real-world financial products.
Network Activity Remains Strong
On-chain data also points to healthy ecosystem growth. The network continues processing around 100M transactions every day, making it one of the busiest blockchains in the industry.
Meanwhile, the total value locked (TVL) across the ecosystem has reached approximately $4.8 billion, according to DeFiLlama.
Other positive indicators include:
- Rising active wallet addresses.
- Higher net capital inflows.
- Increasing open interest in SOL futures.
- A surge in short liquidations as bearish traders closed losing positions.
Together, these metrics suggest fresh capital continues entering the Solana ecosystem rather than existing investors simply rotating funds.
Can Solana Reach $100?
The next challenge for Solana sits between $80 and $82, where previous selling pressure and a descending trendline converge.
A strong daily close above this range could open the door toward $90. Beyond that, the 200-day moving average near $94 represents the next major resistance level.
If buyers successfully overcome both barriers, the psychologically important $100 mark could become a realistic short-term target. RSI currently stands at 63.8, indicating buying strength without entering overbought territory. This leaves room for additional upside if market conditions remain supportive.
Outlook
Solana has entered July with renewed strength after defending a key support zone and reclaiming important technical levels. At the same time, rising corporate accumulation, institutional adoption, and healthy network activity continue strengthening the broader outlook.
Although resistance remains between $80 and $94, a successful breakout above these levels would significantly improve the chances of Solana making a move toward the $100 milestone.
ALSO READ: Solana Launches Onchain Governance System for Validators
DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.