Solana SOL Holds Near $84 After 10B Transaction Record

Solana's SOL token traded around $84 on Thursday, holding steady amid sideways consolidation after a recent quarterly milestone of over 10 billion transactions and a new partnership with South Korean financial firm Shinhan Card.

The cryptocurrency, with a market capitalization near $49 billion and 24-hour trading volume exceeding $3.5 billion, has gained about 1.5 percent in the past day but remains rangebound between $79 and $92 over the last week. It sits above key support levels near $82 to $83, which have held against selling pressure, while facing resistance around $86 to $90. Data from market trackers show the token down significantly from peaks above $170 in late 2025, reflecting broader market pressures including Bitcoin's struggles to break $80,000.

Technical indicators point to indecision. The Relative Strength Index hovers near 49, signaling balanced buy and sell pressures, while the Moving Average Convergence Divergence shows a mild bearish crossover on daily charts, with the histogram dipping toward negative territory. Price action remains below major moving averages, including the 20-day exponential at $86 and others up to $118, underscoring limited upward momentum.