- Solana trades near $100.78 as sellers test support, while a Wave 4 triangle leaves room for another lower move before recovery continues.
- Euro stablecoins exceed $800 million, with Solana holding 15.2% as Ethereum controls most market share across 20 chains worldwide.
- Rising stablecoin activity supports Solana’s network relevance, but the technical setup shows unresolved short-term selling pressure.
Solana price remains under pressure as the latest market structure points toward further weakness, while euro stablecoin activity adds broader context around network usage and liquidity across markets today.
Wave 4 Triangle Keeps Downside Open
The latest structure places Solana inside a contracting Wave 4 triangle. More Crypto Online describes the pattern as capable of extending lower. The formation remains unresolved while price stays between its opposing boundaries.
The top trendline is descending from the previous high price around $119. Meanwhile, rising support has developed around $98 during the correction. Labels A, B, C, D and E suggest a developing five-part triangle.
Solana as of writing trades around $100.78, keeping price inside the formation. The $98 area remains the nearest structural support on the chart. A sustained break below that zone would weaken the displayed triangle structure.
The chart marks additional downside references near $94, $91.57 and $90.46. These levels become relevant if selling pressure breaks rising support. Conversely, the $103 to $107 region remains the nearest overhead resistance.
Resistance Levels Define the Recovery Path
The larger resistance near $119.45 aligns with the earlier corrective peak. Reclaiming that level would represent a stronger recovery signal. Until then, the Elliott Wave count remains dependent on the triangle’s eventual resolution.
The latest intraday data shows renewed short-term selling pressure. Solana reached roughly $103.5 before reversing into several lower highs. Price then moved back toward $100, showing that the earlier advance lacked sustained follow-through.
The market statistics show roughly $59.16 billion in capitalization and $3 billion volume. Trading volume increased about 44.55% during the measured period. That turnover arrived as price struggled to retain its intraday gains.
Supply data lists about 587.02 million SOL in circulation and 634.11 million total. The displayed fully diluted valuation stands near $63.9 billion. These figures provide context for the market’s current scale and liquidity.
Stablecoin Growth Adds Network Context
The euro stablecoin market adds another measure of network activity. It has grown beyond $806 million across 20 chains. Solana holds 15.2%, behind Ethereum at 69.2% and ahead of Base at 7.1%.
The leading three networks control 91.5% of the euro stablecoin market. Solana added about $30.3 million during 2026, according to supplied data. Ethereum added roughly $115.3 million, retaining a much larger base.
MiCA-compliant euro stablecoins are becoming a larger part of this market. EURC and EURCV are among the assets associated with that growth. Their expansion connects regulated euro liquidity with blockchain networks.
For now, the technical structure remains the clearest short-term reference. Buyers need sustained strength above descending resistance, while sellers must break rising support. Stablecoin growth provides broader network context, but the triangle remains unresolved.
