Solana price forecast: USDC additional issuance triggered a breakthrough, can SOL return to US$80?

Solana prices climbed to US$78 after 250 million USDC minted, and slowing U.S. inflation data boosted market sentiment.

Solana prices climbed to about US$78 on July 15. Previously, the 250 million USDC mintings on the Internet, combined with the slowdown in U.S. inflation data, injected new buying momentum into the cryptocurrency market.

Abstract

Solana prices jumped to around US$78 after 250 million USDC foundries increased liquidity in the chain and improved risk appetite. Technical charts show that prices have broken through the downward channel, with $80 becoming the next key resistance level. The rise in the number of active addresses, institutional dynamics and clearing clusters together support the upward trend, while the US$70 -75 range remains a key support area.

The rise accelerated after the U.S. Treasury Department minted 250 million USDC units. The move injects instant liquidity into the Solana ecosystem, while traders return to risky assets following the release of the latest U.S. inflation data. The rapid rotation of funds to Solana-based decentralized exchanges helped SOL recover from recent weakness, while the broader cryptocurrency market also moved higher.

Previously, selling pressure once kept Solana prices well below their May highs as geopolitical tensions, institutional allocation and weakening on-chain activity suppressed market sentiment. However, today's rebound has been accompanied by stronger participation. Daily trading volume has climbed to more than $2.1 billion, suggesting buying, rather than mere short-term speculation, has supported the rise.

Technical structure tends to test the US$80 mark again

The daily chart shows that Solana prices are currently holding steady above the long-term support area of US$70 to US$75 in recent weeks. Current prices are trading above the 20th and 50th moving averages (approximately $73.3-$74), but are still below the downward 100-day moving average (approximately $80.3) and well below the 200-day moving average (approximately $91).

If it continues to close above the 100-day moving average, it will expose the psychological level of US$80, which is expected to open up space for a volatile May high (about US$82).

The 4-hour chart shows another constructive development. SOL has broken through a downward channel that has suppressed prices since early July, while the RSI indicator has rebounded to around 52 after bouncing back from oversold territory.

The Aroon indicator's rising reading is close to 93, well above the falling reading, indicating that buyers are currently controlling short-term momentum, although resistance remains concentrated below $80.

Derivatives positions strengthen technical signals

CoinGlass's clearing data shows a dense gathering of short clearing clusters between US$78.5 and US$80, with another cluster extending to around US$81.5. Decisive breakthroughs in these levels may trigger mandatory buying of short positions, while the largest long clearing area is concentrated in the $76 to $76.5 range, making this area an important position for bulls to defend.

Commenting on the latest trend, analyst Ali Martinez pointed out that Solana's SuperTrend indicator turned positive for the first time since October last year, indicating that it has regained its bullish structure. He wrote: "If buying pressure continues to build, SOL could rebound to $96 or even $121. However,$60 remains a key level to focus on."

Improvements in fundamentals on the chain

In addition to the chart, network fundamentals have also improved. The number of active addresses has climbed to nearly 7 million, while expectations continue to heat up for the Alpenglow upgrade, which is expected to shorten the final confirmation time for transactions to approximately 150 milliseconds later this quarter.

In addition, Solana has strengthened its institutional influence by partnering with SBI Holdings to expand its on-chain financial infrastructure in Japan. At the same time, the size of real-world assets tokenized online has grown to approximately US$3.3 billion.

Breaking below key support will weaken bullish prospects

Bullish momentum still faces several obstacles. The downward 100-day moving average (about US$80) is the first major technical resistance, and if this level cannot be exceeded, SOL may remain trapped in the consolidation range it has been in for weeks. If you fall back below the 20th and 50th moving averages, attention will turn back to the $75 support area, where a large number of leveraged long positions have been gathered.

Macro risks have also not been resolved. New geopolitical tensions, a renewed rise in U.S. Treasury yields, or stronger-than-expected U.S. economic data could reduce market expectations for monetary easing and put pressure on risky assets across the cryptocurrency market.

If the selling accelerates and Solana falls below the US$70 -75 support zone, the logic of a bullish breakout will be greatly weakened and Ali Martinez's long-term failure level (around US$60) will return to the spotlight.