Solana Price Hits Make-or-Break Resistance Amid Record Network Activity
Solana's price is approaching a crucial resistance level of $77 as traders watch for either a breakout or another rejection toward lower support. According to Alex Marzell's daily SOL/USDT chart, Solana is trading near $76 and attempting to reclaim the lower edge of the highlighted supply zone around $77.
The region has already produced one clear rejection, putting the market at an important decision point. If sellers defend the zone again and SOL turns lower, the chart identifies the area near $59 as the first major demand level.
On-chain activity is strengthening at the same time SOL approaches a key technical resistance zone. A weekly transaction chart shows non-vote transaction activity reaching the highest level in the displayed history, with the latest reading near 1.1 billion transactions.