SOL Faces a Big Test as Network Activity Reaches New Highs

Wait 5 sec.

SOL Faces a Big Test as Network Activity Reaches New HighsSOL / TetherUSBINANCE:SOLUSDTCoinCodex* The SOL price is facing an important test between $74 and $77 as buyers attempt to extend the recovery. * Network activity on Solana continues to rise, with 46 million active addresses and 75 million daily transfers. * Alpenglow, Firedancer, and potential SOL ETFs may influence the next phase of price action. Solana is back at one of its most important technical levels after recovering from its June low near $68. The SOL price has climbed into the mid-$70 range, where buyers are now trying to push through a resistance zone that has capped recent rallies. This area matters because analyst Ali Martinez identified a TD Sequential buy signal near $68.46, which helped fuel the latest rebound. The move has now brought the SOL price directly into the $74-$77 resistance region, where the 200-period moving average is also adding pressure. We had a look at the SOL chart, and short-term momentum has improved. The SOL price is trading above the 4-hour SMA 100 near $68.60, while RSI has climbed to around 60, showing buyers remain in control without entering overbought territory. The broader picture is also showing encouraging signs. Solana's network activity continues to expand, with daily active addresses climbing to nearly 46 million and daily transfers reaching about 75 million. At the same time, upgrades such as Alpenglow and Firedancer, along with growing expectations for spot SOL ETFs, are giving investors more reasons to watch the next move. If buyers can clear resistance between $74 and $77, attention could quickly shift toward $80 and the daily resistance zone around $82-$84. If sellers hold the line, support around $72 and then the June low near $68 become the next levels to watch.