Quick overview
Solana repeatedly reclaimed the $72.781 short-term CPM bottom after several false breaks beneath it.
Broad-market strength, supported by bullish confirmation from XRP and Chainlink, activated the upside scenario before SOL itself cleared $75.107.
The immediate technical pathway runs through $75.107, followed by the official short-term target at $77.710.
Our working bullish position was activated around $73.99, with protective invalidation positioned at $69.50.
This is strictly a short-term bullish forecast. Solana’s Weekly structure remains bearish, meaning the rally should not yet be mistaken for a medium- or long-term trend reversal.

Solana is beginning to construct a credible short-term recovery after repeatedly defending and reclaiming the pivotal $72.781 region.

The latest technical structure suggests that sellers have failed to establish sustainable control beneath this short-term CPM bottom. Several downward penetrations were quickly rejected, allowing SOL to recover the level and rebuild a temporary bullish base above it.

That repeated reclamation is significant. A single recovery can be dismissed as noise, but multiple failed breakdowns tend to reveal that bearish pressure is losing efficiency around the level in question. In Solana’s case, the market has repeatedly dipped beneath $72.781 without converting those moves into a sustained continuation lower.

Our outlook is therefore turning bullish—but only across the immediate short-term horizon.

The forecast does not call for a complete reversal of Solana’s larger bearish cycle. Instead, it anticipates a contained corrective advance toward $77.710, where the present bullish opportunity is expected to reach its technical destination.

Current Technical Setup: False Breaks Strengthen the Bottom

The most important feature of the current Solana structure is the market’s behaviour around $72.781.

This level represents the blue short-term CPM bottom and the foundation supporting the present recovery scenario. Price action repeatedly penetrated beneath it, but each attempt failed to produce meaningful bearish continuation. SOL instead reclaimed the level, stabilized above it and began rotating higher.

That behaviour suggests the market may have completed a local downside cycle.

The bullish scenario was not dependent on waiting for Solana to cross the first visible obstacle at $75.107. By the time SOL began advancing from the lower range, bullish cross-asset confirmation was already emerging elsewhere in the crypto market.

XRP crossed its $1.0823 trigger, Chainlink moved through the purple-system level at $8.20, and the broader market began advancing in unison. Taken together, those developments provided enough evidence that the recovery was not isolated to SOL.

This wider participation activated the bullish setup around $73.99, rather than forcing us to wait for a later and potentially less efficient entry above $75.107.

Projected Move: $75.107 Opens the Road to $77.710

The immediate technical obstacle sits at $75.107.

A sustained move through this level would strengthen the short-term bullish structure and confirm that Solana is progressing into the upper section of its current CPM range. From there, the market would be expected to continue toward $77.710.

That upper level represents our official profit target and the hard destination for the present forecast.

The pathway can therefore be summarized as follows:

Short-term foundation: $72.781
Bullish position area: $73.99
Immediate obstacle: $75.107
Primary short-term target: $77.710
Protective invalidation: $69.50

The distinction between an obstacle and a target is important. While $75.107 may temporarily slow the advance or trigger intraday hesitation, it is not the final objective of this setup. The forecast remains directed toward $77.710 unless the underlying structure fails first.

A clean advance through $75.107 would substantially reduce the remaining technical distance and leave the upper CPM destination exposed.

Why This Forecast Is Bullish Only in the Short Term

Despite the constructive lower-timeframe setup, Solana’s Weekly chart remains bearish.

That higher-timeframe condition prevents us from treating the present recovery as the beginning of a full-fledged bull cycle. The market may be rising, but it is rising against an underlying structure that has not yet completed a convincing bullish reversal.

This creates an important analytical boundary.

The expected move toward $77.710 should be treated as a corrective bullish wave inside a broader bearish environment. Once the target is reached, SOL could face renewed resistance, profit-taking or a deeper bearish rejection.

In other words, the market can be bullish over the next leg without being bullish overall.

We are not extrapolating the present setup beyond its technical mandate. The bullish forecast effectively ends at $77.710. Any call for a larger upside cycle would require fresh evidence, a meaningful change in the Weekly structure and a separate technical assessment after the current target is tested.

The protective stop at $69.50 reflects that caution. A decline through that level would invalidate the local recovery structure and indicate that the failed breakdowns around $72.781 were not sufficient to establish a sustainable bottom.

Solana Technology and Ecosystem Update

Solana’s underlying network continues to develop even as its price structure remains mixed across different timeframes.

On July 30, Solana mainnet activated SIMD-0286, raising block capacity to 100 million compute units. The same development cycle included new Agave, Firedancer, Solana SDK and developer-tooling releases, reflecting continued work on network capacity and validator-client diversity.

Another upcoming network upgrade is expected to increase Solana’s maximum transaction size from 1,232 bytes to 4,096 bytes. The change is designed to accommodate more complex workloads—including larger multisignature operations, transaction batches and certain zero-knowledge proofs—with mainnet activation targeted for the third quarter of 2026.

Institutional and tokenized-asset activity has also continued to expand. According to the Solana Foundation, the network hosted approximately $3.7 billion in non-stablecoin real-world assets across more than 313,000 holders by late July 2026.

These developments strengthen Solana’s longer-term technological and ecosystem case. They do not, however, override the current Weekly bearish structure or transform this narrowly defined short-term trade into a long-term bullish forecast.

Conclusion: Bullish Toward $77.70, Cautious Beyond It

Solana’s repeated recovery above $72.781 suggests that the market has constructed a viable short-term bottom.

The inability of sellers to convert multiple downside penetrations into a sustained breakdown, combined with bullish confirmation from XRP, Chainlink and the broader crypto market, supports an immediate upside rotation.

Our official technical destination is $77.710, with $75.107 acting as the remaining obstacle along the way.

Key levels to watch
Short-term CPM bottom: $72.781
Bullish entry area: $73.99
Immediate upside obstacle: $75.107
Official profit target: $77.710
Protective stop and invalidation: $69.50

The bottom line is deliberately precise: Solana is bullish over the short term, but not yet bullish on the Weekly scale.

A move toward $77.710 is increasingly likely, but reaching that target may complete the correction rather than begin a much larger advance.