Solana (Sun) dropped 1.45% over the last 24 hours and fell from $ 151.41 to $ 149.21 between July 6 at. 19:00 UTC and July 7 at. 18:00 UTC, according to Coindesk Research’s technical analysis model. As for the wider crypto market as the target of the Coindesk 20 index That’s down 0.56% during the last 24-hour period.
The token traded within a wide $ 4,58 interval and topped at $ 153.67 before a sharp sale ran prices below the key $ 150 psychological level. Increased volume near the session low -proposed buyer interest at $ 149 support zone, which helped the sun recover a little to $ 149.31 at the end of the period.
Despite the recent short-lived weakness, new on-chain data highlights Solana’s growing networking.
According to data from the analytics platform Artemis matched Solana the combined monthly active addresses for all other L1 and L2 blockchains in June 2025. This user growth comes along with record setting network revenue, with Solana generating more than $ 271 million in the 2nd quarter of 2025, according to data from Blockworks. It was Blockchain’s third quarter in a row that led all chains in network revenue consisting of transaction fees and tips outside the protocol.
Together, these measurements emphasize Solana’s position as one of the most actively used blockchain in the industry, both in terms of real users and financial flow. The consistent increase in network revenue also strengthens the sustainability of Solana’s fee model and ecosystem activity, even in the midst of volatile market conditions. As developers and users continue to take in Solana’s high -speed infrastructure, these use trends could support long -term value, even in the light of a short -term price resistance.
Technical analysis highlights
- Sun fell 1.45% from $ 151.41 to $ 149.21 between July 6 at. 19:00 UTC and July 7 at. 18:00 UTC.
- The trade area spans $ 4.58 (3.07%)With a session high of $ 153.67 and low at $ 149.09.
- A major resistance formed at $ 153.67 after a volume tip of 925,497 tokens during the UTC HOUR 21:00 on July 6.
- In the last four hours, the price crucial below the psychological level of $ 150 broke with heavy volume, confirming Bearish short -lived mood.
- Between 17:41 and 18:40 UTC on July 7, sun dropped from $ 150.27 to $ 149.72.
- A sharp sale happened from 18:16 to 18:17 UTC, where the price hit $ 149.42 on volume over 57,000 tokens.
- Buyers defended $ 149 support zone in the final minutes and triggered a 0.37% rebound from the session low.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
