Solana (SOL) is showing notable movement with a 74% surge in daily trading volume. Currently, the chart shows the asset building momentum near the $80 resistance level as it attempts a breakout. This can be interpreted as a sign that buying pressure is consolidating firmly after a period of sideways movement.

This move is supported by fundamental bullish catalysts, including the upcoming Agave upgrade scheduled for mid-August and the recovery in network fee revenue. With Bitcoin consolidating without a clear direction, it appears there is potential for Solana to emerge as a new market leader.

However, there is a risk that this attempt could end up as a temporary overshooting due to a lack of broader market momentum. If the price fails to hold above $80 and slips below the recent support level of $72, the bullish scenario will be invalidated. For now, it would be wise to monitor whether the daily close confirms a successful breakout above $80.