Solana (SOL) Defends $73 Amid Record Negative Sentiment... 'Life-or-Death' Rebound

▲ Solana (SOL)/AI Generated Image

Negative sentiment towards Solana (SOL) has surged to its highest level in 2026, while trading volume has plummeted to a yearly low. Investor disappointment deepened as the anticipated spread of tokenized stocks and Real World Assets (RWA), considered bullish factors, did not lead to price increases.

According to the cryptocurrency specialized media The Crypto Basic on July 9 (local time), on-chain analysis platform Santiment reported that social media discussions related to SOL recorded the most negative day since the beginning of 2026. The 7-day trading volume decreased to a yearly low of approximately $2.27 billion, with the decline in trading volume continuing since late January.

The SOL negative sentiment index rose to 14.05, reaching its highest level since November 2025. Santiment analyzed that investor dissatisfaction grew as bullish expectations surrounding the introduction of tokenized stocks and RWAs did not translate into significant price increases.

Market sluggishness also persisted. SOL rose 0.72% in the past week and 16% in the past month, but it has fallen 37% year-to-date and 49% in the past 12 months. The fact that many long-term holders are incurring significant losses also contributed to the extreme bearish sentiment.

However, Santiment noted instances where extreme pessimism and low trading activity preceded unexpected rebounds in the past. It explained that if buying pressure revives when individual investors withdraw from the market, it could become easier for large market participants to move prices. Santiment suggested the possibility of SOL entering an "environment of low interest and high fear, uncertainty, and doubt (FUD)," but did not anticipate an immediate uptrend.

Market observer Michaël van de Poppe argued that if SOL holds the $73-$76 range and then shows an uptrend, it could be a strong signal for a move towards the psychological price level of $100. Amidst SOL's highest negative sentiment in 2026 and lowest trading volume of the year, whether it can defend the $73-$76 range has emerged as a key observation point for the market.

[Article Key Summary]

-Negative sentiment related to SOL surged to its highest level in 2026, and the 7-day trading volume decreased to a yearly low of approximately $2.27 billion.

-Santiment noted instances where extreme pessimism and low trading activity preceded unexpected rebounds in the past.

-Michaël van de Poppe argued that if SOL holds the $73-$76 range and then rises, it could be a strong signal towards $100.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*