In this video I break down the current price action for Solana to determine if a recovery is underway or if this is simply a corrective bounce within a broader bear market. I analyze the latest Elliott Wave structure and identify the critical resistance zones that will dictate whether the asset continues its path higher or faces a renewed decline. Video by More Crypto Online.
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Today, August 19, 2026, Solana (SOL) is trading at $76.95, marking a stable 24-hour gain of 1.30% as it holds tight to its daily technical pivot line.
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Insights Today
-Record-Breaking Network Usage: Solana registered a massive milestone this week, setting a new single-day record by processing 171.9 million non-vote transactions. Total Value Locked (TVL) in its ecosystem has also reached a record high of 3.34 million SOL.
-Massive Retail Expansion: MoneyGram officially launched Ramps on Solana. This move integrates their API to give developers access to cash-in/cash-out services at nearly 500,000 physical retail locations globally.
-Imminent Technical Upgrades: The network is gearing up for the Agave 4.2 Mainnet Activation later this month, which is projected to cut on-chain rent costs by roughly 90%. It will be followed closely by the Q3 Alpenglow consensus upgrade aiming to drop transaction finality to 150 milliseconds.
-Treasury Sell-Off Risks: On the corporate front, SOL Strategies disclosed in SEC filings that it may need to sell a portion of its unencumbered SOL treasury to meet C$37.33 million in staggered current liabilities.
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