$SOL SOL had a strong start to the month with positive momentum driven by increased institutional activity and notable network growth. The number of daily active addresses exceeded 15 million, reaching record levels and network revenues of approximately $271 million in the second quarter. This data added confidence to investors and led to SOL being traded near resistance levels between $150–155.

Technically, indicators like RSI and MACD show a gradual shift towards positivity, with EMAs converging on the daily timeframe around $150–154, which enhances the likelihood of breaking through the resistance at $154–156. If the breakout occurs and is met with strong trading volume, it could push SOL towards $165–175 by mid-month.

However, if the price fails to hold support at $148–150, we might see a temporary pullback towards $142–144. Overall, July is witnessing moderate upward momentum with technical caveats, making it a critical month for SOL's direction.