Solana Price Outlook: SOL Tests $75 as Upgrades Loom

Solana Network Activity Rises Despite Weak SOL Price

SOLUSD is trading around USD 73.85 on Binance. SOL closed 11.5% lower in Q2 2026, but Q3 has seen some upside (+0.6%), which cannot yet be called a rebound given previous bearish gambits.

SIMD-0286 Boosts Capacity and Cuts Fees

In July, Solana processed nearly 9 bn transactions, one of the highest figures in recent months.

Moreover, the company activated a network upgrade called SIMD-0286, increasing the maximum compute limit in a block from 60 mn to 100 mn and slashing commission fees by 30%.

As part of this upgrade, Solana also activated its first slot time reduction on the testnet, dropping the duration from 400 ms to 350 ms.

This change is the first step of a four-stage plan to reach a 200 ms target. Crypto experts point out that this signaled higher network activity, although the token’s price remains fairly low.

The upgrade is expected to be launched on the mainnet in around 10 days.

SGP-0003 Could Accelerate Solana Disinflation

The key event to watch for will be the company’s SGP-0003 governance proposal that is expected to change token supply dynamics.

The flat base fee will be replaced by a resource-based fee that charges transactions according to the network resources it consumes, and a flat inclusion fee will be introduced and directed to block producers.

This could potentially result in the annual disinflation rate doubling, which means the target could be reached ahead of schedule.

SOL Technical Outlook: $71, $68 and $65 in Focus

From a technical standpoint, the token again broke out of another key support level at USD 75 to the downside.

In our previous April overview, we wrote that such a breakout would raise the odds of testing USD 60, which occurred in early June.

The price nearly tested USD 60, forming a local low at USD 60.37.

Right now, the pattern looks familiar, with the trendline looking bearish across all timeframes.

On the daily chart, the bulls are attempting to muster a counterattack, but they look weak, and a bearish flag pattern is shaping up on the chart.

If the formation of a pattern is complete and is breached to the downside, the first local support could emerge at USD 71.15 before a potential drop to USD 68, the local June 19 ATL.

The token might fall below USD 65 if that mark is crossed.