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Solana price moves, ETF activity persists

Updated 3 times since CLSTR started tracking revisions of this situation.

What changed

2026-07-31 10:37 UTC → 2026-08-02 13:16 UTC · added removed

Solana price steadies after dip, moves, ETF activity continues persists

After slipping to about $74.13 on July 28 and breaking the $75 technical support, briefly recovering to near $74 on July 31, Solana (SOL) triggered automated sell orders and long liquidations, pushing price into showed renewed volatility. On July 31 the token traded around $74 with 24‑hour volume of roughly $1.86 billion, holding a $73‑$74 zone. Analysts warned key support zone that analysts view as a failure of base for upside toward $78‑$80. The network also introduced the $73.75 AUTO token, tokenizing near‑prime U.S. auto loans. By August 2 SOL had fallen to the $67 support level could expose after a sharp decline from a recent high near $240. Traders noted bullish RSI divergence and a chart pattern reminiscent of the token to 2022‑23 accumulation phase, suggesting a $60 barrier. possible multi‑month bottom, though a sustained break above the $95‑$100 resistance would be needed for a stronger recovery. On‑chain activity stayed strong: remained robust, with weekly DEX volume hovered near $9.8 billion, billion and daily active addresses remained around 2.16 million, and the Solana‑stablecoin market cap was roughly $16.65 billion. million. Institutional interest grew with the launch of continued through the Morgan Stanley Solana Trust – a spot ETF on NYSE Arca that can stake up to 100 % of its holdings and charges a 0.14 % fee – while Bitwise’s Solana Staking ETF recorded a $1.03 million inflow on July 27. Overall, spot Solana ETFs saw net outflows of about $8.6 million, and Solana‑focused ETFs now ETF, which together hold roughly $904 million. The network rolled out the Firedancer v1.1.2 upgrade to improve validator performance, even as higher U.S. Treasury yields and a stronger dollar pressured risk assets. By July 31 the token had edged up about 1 % to trade near $74, with 24‑hour volume jumping to $1.86 billion. Buyers appeared to be defending the level, eyeing resistance around $78‑$80, while technical analysis placed key support near $72.99 and resistance at $74.77, with RSI at 43.8 and “Extreme Fear” sentiment on CoinGecko. The same day the network introduced the AUTO token, which tokenizes near‑prime U.S. auto loans, adding a new on‑chain asset class. Analysts million despite recent net outflows. Technical indicators still view show the $75‑$77 $73.75‑$77 zone as a potential base that could enable for a longer‑term move toward $100‑$120, underscoring the blend of price sensitivity and expanding institutional participation. $100‑$120.

Versions

  1. 2026-08-02 13:16 UTC Solana price moves, ETF activity persists
  2. 2026-07-31 10:37 UTC Solana price steadies after dip, ETF activity continues
  3. 2026-07-30 02:27 UTC Solana ETFs boost use, trigger price dip
  4. 2026-07-28 23:55 UTC Solana ETFs boost use, trigger price dip

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