Solana has posted a remarkable recovery, climbing 13.67 percent over the past week and solidifying its position in the $79 to $82 range. With daily trading volume topping $1.6 billion, this bullish momentum stands out as a noticeable shift for altcoins, which have been stuck in a prolonged sideways trend. Market participants are watching these developments closely, eager to interpret what might come next for SOL.
Record SOL withdrawals from exchanges grab attention
Roughly $120 million worth of SOL—equivalent to about 1.5 million tokens—were withdrawn from centralized exchanges last week. While the exit of assets from trading platforms signals a cooling in short-term selling pressure, market experts warn this does not guarantee an immediate price rally. For Solana to maintain its bullish structure, the $75 to $77 range must act as a reliable support.
Ali Charts emphasized that approximately $120 million in SOL left exchanges over the last week, translating to 1.5 million tokens, highlighting its potential impact.
Recent technical indicators offer further insights. Solana’s three-day chart has generated a SuperTrend buy signal, which is notable for traders relying on technical strategies. Following the previous SuperTrend sell signal, SOL experienced a sharp pullback, so investors are looking for solid confirmation above $82 to validate the rally’s strength.
Analysts eye the $150 target
Crypto analyst Ansem has been among the most optimistic voices regarding Solana, predicting that SOL could revisit the $150 mark in the coming months. His outlook is based on the fact that on-chain assets have remained trapped below key resistance levels for over a year. Historically, such extended periods of accumulation often precede major moves in either direction.
Ansem points out that timing the absolute bottom is not necessary; instead, the critical point is to take positions as momentum begins to build, identifying the breach of $80 as a key level.
On the technical front, the MACD indicator continues to suggest an uptrend for SOL. Meanwhile, the Relative Strength Index (RSI) hovers near 60, indicating that the asset is neither overbought nor oversold. Resistance in the upper $80s and low $90s continues to be an immediate obstacle for further gains.
Prediction market launches on Solana
A new on-chain prediction market called World went live on the Solana network on July 1, offering its services directly through the Phantom wallet. World allows users to trade contracts linked not only to cryptocurrency prices but also to events such as the 2026 FIFA World Cup. Phantom has become widely adopted as a go-to wallet application within the Solana ecosystem.
Mini glossary: An oracle is an infrastructure that transports off-chain data to smart contracts. Chainlink is a widely used oracle network that securely relays data on prices, outcomes, and other events to blockchains.
World relies on Chainlink’s oracle services and settles transactions using the CASH stablecoin. Operating on a non-custodial, order flow-managed architecture, the platform directs trades via designated liquidity providers. Such dApps increase transaction activity and are viewed as factors that enhance Solana’s overall adoption and utility.
According to Ash Crypto, Solana has printed its first green candle on the monthly chart in nine months, having rallied 38 percent from its $60 low and adding $14 billion in market capitalization. While $82 remains the crucial threshold for the short term, a breakout through the $92 to $95 range could set the stage for SOL to make a fresh move toward $100.
