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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAs blockchain adoption becomes a primary driver for digital asset valuation, Solana has demonstrated strong momentum reflecting improved investor confidence in network efficiency. According to reports, the price of Solana (SOL) climbed above the $83 level in an early July rebound. Network activity is now nearing a milestone of 7 million active wallets as on-chain metrics accelerate, suggesting the rally is supported by fundamental usage rather than a purely technical bounce.
This recovery occurs as major altcoins show mixed performance, with market data indicating relative stability in peers like Ethereum and Cardano during the same period. Compared to the previous quarter, expert analysis suggests that the growth in Solana's active wallets reflects the network's ability to attract DeFi and NFT projects despite broader market volatility (per market data).
Traders should monitor current support levels around $80 to ensure the bullish momentum remains intact, with the price sitting at $83.00 (at close July 4, 2026). Looking ahead, upcoming speeches from Federal Reserve officials could impact overall crypto risk appetite, making sustained network activity a critical factor in maintaining these recent gains.