{"id":921516,"date":"2026-07-21T15:11:55","date_gmt":"2026-07-21T20:11:55","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/21\/solana-eyes-93-rally-why-current-consolidation-signals-next-big-buy\/"},"modified":"2026-07-21T15:11:55","modified_gmt":"2026-07-21T20:11:55","slug":"solana-eyes-93-rally-why-current-consolidation-signals-next-big-buy","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/21\/solana-eyes-93-rally-why-current-consolidation-signals-next-big-buy\/","title":{"rendered":"Solana Eyes $93 Rally: Why Current Consolidation Signals Next Big Buy"},"content":{"rendered":"
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\"Hand<\/figure>\n<\/div>\n
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Solana (SOL) is at a critical point that could signal a buying opportunity, with a potential rise to $93.<\/p>\n

As seen in the 4-hour chart below, SOL continues to consolidate in a rising channel, with the lower boundary set at $76. Maintaining prices above this level would signal a buying opportunity, with a potential rebound to $93.<\/p>\n

\"Solana<\/figure>\n

Source: X<\/a><\/p>\n

Why the next target for Solana could be $93<\/h2>\n

According to Ali, several on-chain metrics support this theory:<\/p>\n

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\"Add<\/a><\/p>\n<\/div>\n

In the past week, fewer SOL tokens have been deposited<\/a> into exchanges for selling. The reduction in selling pressure has also set up a stronger macro price floor for SOL at around the $75 mark.<\/p>\n

Additionally, as that week ended, spot SOL ETF flows turned positive, recording $948,200 for the week ending July 17.<\/p>\n

Even more, the number of new Solana addresses has risen by 0.5 million since July 18, indicating increasing network activity.<\/p>\n

\"Solana<\/figure>\n

Source: CoinGlass<\/a><\/p>\n

Key levels to watch for<\/h2>\n

SOL faces a major volume barrier between the $76 and $85 mark on the UTXO Realized Price Distribution (URPD). Users traded about 125 million SOL in this region<\/a>, making $85 the next ceiling to break through if SOL should target $100 and beyond.\u00a0<\/p>\n

Breaking below the $70 mark would turn the trend bearish, exposing the coin to a deeper correction near the next highly traded URPD baseline of $53.<\/p>\n

Just recently, a hacker managed to drain<\/a> $1.65 million from a Solana cross-chain bridge protocol. While highlighting the inherent security vulnerabilities in on-chain bridges, the event had little to no impact on SOL, with the coin gaining 2.2% in the past 24 hours to trade at $77.43 at press time.<\/p>\n<\/div>\n

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