Solana traded near $74 on July 28 after another rejection at the $78 resistance level, bringing the key $72-$73 support zone back into focus. Technical indicators remain bearish with open interest at approximately $4.62 billion and 24-hour futures volume at $7.04 billion, far outweighing spot activity limited to $422.71 million. Despite the selling pressure, the ecosystem shows signs of resilience with $9.83 billion in seven-day DEX volume and stablecoin market cap rising 9.85% to approximately $16.65 billion. A decisive break below $72 would likely expose SOL to a retest of the $68 support level.
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