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Solana (SOL) price: Currently quoted at US$74, with 24-hour trading volume reaching US$1.86 billion

2026-08-01 00:15:01
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SOL faces resistance around US$80

AUTO introduces car loans into the chain

Solana (SOL) is currently US$74.39, up 1.16% in the past 24 hours.

SOL is holding on to a key support area that traders view as a basis for further gains.

Analyst BitGuru said on the X platform that buyers are defending this support area.

Analysts expect SOL to test resistance between $78 and $80 if buying continues.

AUTO has launched Solana, bringing tokenized U.S. auto loans to the network.

As of press time, Solana (SOL) was trading at US$74.39. The token's 24-hour trading volume was US$1.86 billion and its market value was US$43.12 billion. According to CoinMarketCap, SOL has gained 1.16% in the past day.

The price has remained above a support area closely watched by traders, which has kept the market optimistic about the token.

Cryptocurrency analyst BitGuru posted on the X platform that Solana firmly guarded what he called a "critical reversal area." He said this showed buyers were still defending an important support area for the token.

BitGuru added that this price behavior has boosted market sentiment. Traders view the current price structure as the basis for possible further gains.

SOL faces resistance near US$80

If current trends continue, some analysts expect SOL to test resistance levels between $78 and $80 in the next few trading days. If this level can be maintained, it indicates a stronger market trend.

Once SOL breaks through this area, more buyers may enter. For now, holding the existing support level is still the first step.

Continued demand near current prices will strengthen market confidence in a short-term rebound in SOL. Traders are watching this signal closely.

AUTO brings car loans to the chain

Solana's official X account announced that AUTO is now online on the network. AUTO is a token backed by U.S. auto loans that provides cryptocurrency investors with a new way to enter this loan market.

According to Solana's post, AUTO offers quasi-prime yields derived from U.S. auto loans. This gives blockchain users access to previously difficult lending areas.

The U.S. consumer loan market is huge, but it has been almost inaccessible to blockchain investors before. AUTO achieves this goal by tokenizing and listing quasi-quality auto loans.

This both connects traditional lending to decentralized finance and expands Solana's real-world asset (RWA) project portfolio.

The price change of SOL occurred against the background of Bitcoin also showing an upward trend. The broader cryptocurrency market environment is supporting the current trend of major tokens.

As of press time, Solana's market value was US$43.12 billion. Trading volume in the past 24 hours is still close to $1.86 billion.

The token has not yet broken through the resistance zone of US$78 to US$80. Price movements over the next few trading days will show whether buyers can push it to that level.

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