- Solana network integrates QUIC, fee markets, and stake-weighted QoS to reduce outages and boost validator throughput reliability.
- Trading volume exceeds $3.7B daily, maintaining strong liquidity despite 50% drawdown from all-time high of $293.31.
Solana (SOL) is trading at $144.25, with a slight 0.32% increase in the last 24 hours, although it is still down 0.29% over the past 7 days. Its market capitalization stands at $77.1 billion, positioning it firmly in the top 10 global crypto assets.
Daily trading volume remains strong at over $3.7 billion, reflecting sustained interest in SOL despite recent price consolidation. The current price is approximately 50.8% below its all-time high of $293.31, and over 28,700% above its all-time low, emphasizing its long-term performance strength.
From a technical standpoint, Solana continues to trade in a relatively narrow range between $143 and $147, respecting key short-term resistance at $147.50 and support at $140. The asset is sitting above its 100-day moving average and holding the midpoint of its Q2 trading range.
The RSI is stable near 54, suggesting neutral momentum with potential upside if volume increases. A breakout above $150 would likely confirm a bullish continuation targeting the $162–$170 zone, while a breakdown below $140 could reintroduce bearish pressure down toward $128–$132, where previous buying interest concentrated.
In terms of ecosystem news and protocol development, Solana continues to enhance its infrastructure to address historical challenges. The team has implemented architectural upgrades such as QUIC data transfer protocol, local fee markets, and stake-weighted Quality-of-Service models, all aimed at reducing network outages and increasing throughput reliability.
These changes follow a history of partial and major network halts, including a significant five-hour outage in early 2024. The upgrades have so far contributed to improved network performance and validator efficiency.
