In this video I break down the current Solana price action using Elliott Wave analysis to determine if the recent rejection from resistance marks the beginning of a deeper downtrend. I examine the key support and resistance levels that are currently dictating market structure and explain why the recent bounce from the June low may be setting up for further downside.
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Solana (SOL) Price News & Insights Today 12-7-2026 - Technical analysis, focusing on market structure, key support and resistance zones. Video by More Crypto Online.
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Solana Insights Today
Today, July 14, 2026, the price of Solana (SOL) is trading at approximately $75.16, representing a 24-hour decline of -1.75% to -2.85% amid broader crypto market pressure.
While the token has pulled back from a brief rally above $81 earlier in the month, substantial real-world asset (RWA) and institutional network developments are contrasting with the bearish retail price action.
-Circle Expands USDC Minting: On-chain data reveals that Circle minted an additional 7.5 billion USDC on Solana today. This brings the total USDC issued on the Solana network in 2026 to 68.26 billion, reflecting massive liquidity migration onto the chain.
-SBI Solana Global Partnership: Japanese financial giant SBI Holdings has partnered directly with the Solana Foundation. The joint venture focuses on bringing yen-backed stablecoins (JPYSC), tokenized corporate bonds, and cross-border payment structures into Japan's regulated institutional market using Solana.
-24/7 Equities Trading Infrastructure: Traditional finance integration reached a milestone as Backpack Securities and Ondo Finance launched around-the-clock tokenized trading of actual U.S. equities on Solana. South Korean semiconductor leader SK Hynix also launched tokenized shares (xStocks) on the network following its recent IPO.
-Network Activity Surge: Solana recently hit a record milestones of processing over 1 billion non-vote transactions in a single week, with active wallet addresses nearly doubling to 29.7 million, proving strong core network health.
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