Market Overview

• $SOL reaches $106.05B market cap (6th-largest crypto)

• Current price: $197.86 (+9.61% in 24hrs)

• July performance: +35% surge, overtaking Intel Solana Surpasses $101.9B

Technical Analysis

• Cup and Handle pattern forming with $220 target

• RSI: 72 (overbought territory)

• Critical resistance zone: $190-$220

• Bullish EMA alignment continues SOL Explodes

Growth Catalysts & On-Chain Strength

• 572,742 SOL bought in 24hrs (+103,456 SOL net inflow)

• 93.2% community bullish sentiment

• Coinbase Pro NFT launch (July 20)

• Network revenue now 3x higher than Ethereum Solana Analysis$SOL