- SOL trades near $200, up 1.96%, supported by $192 and eyeing $215 resistance with bullish RSI at 63.
- FTX liquidation overhang resolved; validator incentives adjusted for better security as volume surges 24.76%.
- Jupiter DEX hits $7B weekly volume; Visa expands live Solana USDC settlements boosting real-world utility.
Solana (SOL) is trading at $199.81, representing a 1.96% daily increase. The token currently holds a market capitalization of $107.51 billion, securing its rank as the 6th-largest cryptocurrency by market cap.
Over the past 24 hours, Solana’s trading volume surged to $14.2 billion, marking a 24.76% increase, reflecting intensified activity across spot and derivatives markets. With a circulating supply of 538.04 million SOL, the token continues to perform as one of the most actively traded Layer-1 blockchains, though it does not have a capped supply.
Solana has rebounded from last week’s pullback, successfully holding support at $192.00 and climbing back toward the $200.00 resistance level.
Current chart structure reveals that SOL remains in an ascending channel, with short-term bullish momentum confirmed by a rising 50-day moving average (now at $186.40). The Relative Strength Index (RSI) is currently at 63, indicating near-term bullish momentum without reaching overbought conditions.
The MACD histogram is printing green bars, signaling continued upward pressure. If Solana breaks above $202, it could trigger a rally toward $212–$215, while a close below $192 may prompt a retest of the $185 area. Current volume trends suggest healthy interest, particularly from institutional and derivatives traders.
Recent Solana News as of July 22, 2025
FTX Bankruptcy Estate Liquidates Remaining SOL Holdings
The court-approved FTX liquidation schedule has now concluded, with the final batch of SOL tokens sold off through over-the-counter desks. This removes a major source of long-term sell pressure that had been weighing on investor sentiment.
Solana Validator Incentives Adjusted via New Inflation Model
The Solana Foundation approved a governance vote to shift validator rewards to align with staking participation and uptime efficiency, reducing passive emissions and reinforcing long-term network security.
Jupiter Exchange Surpasses $7 Billion Weekly Volume
Solana-based DEX aggregator Jupiter has recorded a weekly transaction volume exceeding $7 billion. As a major gateway for stablecoin swaps and memecoin trading, it plays a key role in maintaining Solana’s DeFi liquidity dominance.
Visa Expands Solana-Based Stablecoin Settlement
Visa has extended its pilot for USDC transactions via Solana into Latin American and European corridors. The pilot has moved from testnet to production phase, offering near-instant fiat settlements for merchants and banks.
Solana is showing strong price resilience near the $200 psychological level, bolstered by robust DeFi activity, finalized liquidation overhangs, and fresh utility via global payment rails.
With momentum building and on-chain activity rising, SOL may be poised to challenge the $212–$215 range if volume continues rising. Traders should monitor the $192–$185 support band for signs of weakness in case of broader market retracements.
