Solana is drawing attention from both chart watchers and onchain traders after two fresh signals emerged at the same time. One points to a key price support zone, while the other shows record demand for tokenized pre IPO trading on Solana.
Solana Holds Key Support Zone as Traders Watch $72 to $78 Range
Solana is heading into the new week with attention centered on a narrow support band between $72 and $78, according to chart analysis shared by More Crypto Online on X. The setup suggests this area could play a key role in determining whether SOL stabilizes after its recent decline or extends its pullback.
Solana Daily Chart with Key Support and Fibonacci Levels. Source: More Crypto Online
The daily chart outlines a layered support structure, with the highlighted range sitting near several Fibonacci levels. Those include the 50%, 61.8%, and 78.6% retracement marks clustered in the mid-$70s, which often draw attention during corrective phases. Because of that overlap, traders may view the zone as an important technical test.
The chart also points to a lower support area near $62.4, labeled as wave iv support. Below that, a deeper downside zone stretches toward the low-$40s and upper-$30s, where additional Fibonacci levels appear. That means the current range may decide whether Solana can hold a local base or open the way for a broader move lower.
At the same time, overhead resistance remains much higher on the chart, with larger retracement targets marked above the current structure. For now, the near term focus stays on whether buyers defend the $72 to $78 region and prevent further weakness.
Solana PreStocks Volume Hits Record as OpenAI Leads Daily Trading
Solana reached a record $29 million in daily PreStocks trading volume, according to data shared by Carlos on X. The post said OpenAI accounted for 69% of that activity, while SpaceX made up 12.6% and Anduril contributed 9.1%.
Solana Tokenized Asset Spot DEX Volume. Source: Blockworks,shared by Carlos on X
The chart shows tokenized asset spot DEX volume on Solana rising sharply from late January into April, with daily activity accelerating through the second half of the period. Volume remained uneven day to day, yet the broader trend moved higher and ended with the biggest spike on the chart.
That jump suggests trading in tokenized pre IPO names is gaining more attention on Solana based markets. Carlos said the segment is still not getting much discussion, even as activity continues to grow.
