22.07.2025 10:05

Solana (SOL) has reclaimed its position as the fifth-largest cryptocurrency by market capitalization, surpassing Binance Coin (BNB). This significant shift follows a week of robust bullish activity, propelling SOL's price to $199.43 and its market cap to approximately $107.3 billion, exceeding BNB's $105.58 billion valuation. The impressive gains, including a 5.26% daily increase and a weekly surge exceeding 24%, underscore the growing investor confidence and market interest in Solana. Increased market engagement is also evidenced by a remarkable 84.5% spike in daily trading volume, reaching $13.99 billion.


Solana's recent price action showcases strong bullish momentum, fueled by both expanding trading volume and positive technical indicators. A rapid recovery from a low of approximately $189.35 propelled SOL towards a high near $204, despite a minor pullback to around $194. This price resilience establishes the $189.35 level as key support, with the $194 mark providing additional, albeit less significant, support against future dips. Conversely, the recent high of $204 acts as the most prominent immediate resistance level; breaking through this barrier could pave the way for a test of the psychologically significant $210 price point, confirming the continuation of the upward trend.


The surge in trading volume, representing an 84.5% increase, underscores the resurgent buying pressure and potential for a sustained price breakout. A strong liquidity position is further evidenced by a volume-to-market cap ratio currently standing at 13.08%. While technical indicators, such as the relative strength index (RSI) reaching 81.04, suggest the current bullish momentum, they also hint at the possibility of a short-term price correction. This potential pullback highlights the need for caution despite the overall positive trend, emphasizing the dynamic nature of the cryptocurrency market. Information on specific technical indicators beyond the RSI was obtained from internet sources.