Solana tops activity metrics – But can SOL’s $80 support hold?
The post Solana tops activity metrics – But can SOL’s $80 support hold? appeared on BitcoinEthereumNews.com.
Journalist Posted: February 12, 2026 Solana [SOL] has returned to the spotlight. Data from Artemis shows the network leading in users, transactions, developer growth, trading volume, and fees, while maintaining over 24 straight months of uptime, a consistency that matters. Artemis’ Zheng Jie Lim recently described Solana as the “internet capital markets,” a phrase that reflects its scale, activity, and resilience across key metrics. But what do these gains mean for SOL’s long-term outlook? Alibaba partnership adds serious weight Momentum is not limited to on-chain numbers. Alibaba, the world’s largest e-commerce company, recently demonstrated high-performance Solana RPCs. The partnership integrates Solana with Alibaba Cloud infrastructure. The goal of the partnership is simple: to reduce latency. Usually, lower latency improves execution speed. Combined with ZAN, Alibaba Cloud could give on-chain high-frequency trading a millisecond advantage. In competitive markets, that edge is meaningful. This development strengthens Solana’s positioning as a performance-first blockchain. It also signals growing institutional-grade infrastructure support. Timing could not be more critical The announcement comes at a decisive technical moment On the weekly chart, SOL is testing what many consider its last line of defence around the $80 demand zone. This level has historically acted as strong support. A hold at this level could spark a broader recovery, while a breakdown would turn the structure decisively bearish. The stochastic RSI is also signaling potential upside, with the token’s RSI rebounding from oversold territory at press time. The fundamentals are strengthening. The chart is compressing. Source: TradingView Institutional appetite returns Institutional demand is also beginning to surface. In the last 24 hours alone, Open Interest (OI) surged to $2.1 billion as of writing. Rising OI alongside a major support test suggests traders are positioning for volatility. The surging OI does not confirm direction, but it confirms the attention. Source: Coinalyze…
Filed under: News - @ February 12, 2026 6:30 am