In this video I break down the current bearish outlook for Solana and identify the key price levels to watch as the asset moves through its current cycle. I analyze the latest Elliott Wave structure to determine if the current decline is set to continue toward specific support zones or if there is a potential for a corrective bounce in the near term.
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Solana (SOL) Price News & Insights Today 30-7-2026 - Technical analysis, focusing on market structure, key support and resistance zones. Video by More Crypto Online.
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Solana Insights Today
As of August 2, 2026, Solana (SOL) is trading at approximately $72.51, reflecting a minor 24-hour decline of roughly 0.59% as it navigates a tight consolidation range. The asset continues to face broader macroeconomic headwinds and market-wide risk aversion, tightly testing critical multi-week support levels.
-Quantumglow Upgrade Proposal: Core developer firm Anza unveiled the "Quantumglow" proposal for the Alpenglow protocol. The initiative aims to integrate post-quantum cryptography to future-proof the layer-1 network against long-term quantum computing vulnerabilities.
-AI Security Warnings: Newly appointed Chief Information Security Officer (CISO) Michael Coates highlighted that Solana's primary vector of security concern has shifted toward AI-powered social engineering and fake identities, moving focus away from simple smart-contract bugs.
-Mainnet Alpenglow Rollout Anticipation: On-chain interest remains fixed on the upcoming full rollout of the Alpenglow upgrade scheduled between August and October. The upgrade is anticipated to cut transaction finality down to 150 milliseconds, which analysts project will boost institutional high-frequency trading and fee revenue.
-Korean Network Expansion: The Solana Foundation finalized a Memorandum of Understanding (MOU) with South Korean payment heavyweight KSNET, working to natively integrate Solana Pay into the country's local won-based merchant frameworks.
-Seeker Mobile Campaign: Solana Mobile continues to drive hardware-crypto retention by launching Round 2 of its Seeker Summer campaign, allocating 27 million SKR tokens to fuel dApp store engagement and on-chain staking.
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