Solana is narrowly holding above its 50-day moving average around $75, but markets are placing more weight on the risk of further declines than an immediate rebound. Decrypt reported Solana traded down 1.22 percent at $75.06, while Myriad priced a 69 percent chance of a drop to $40 and a 31 percent chance of a rise to $160. A daily-chart death cross has formed, and indicators remain largely neutral.

Protocol upgrades rather than prices are emerging as a key variable for the blockchain market in the second half of 2026. Cointelegraph reported that Ethereum, Solana and Avalanche are preparing major upgrades, while Coinbase’s Base recently implemented the Beryl hard fork. This year’s upgrade focus is shifting toward stability, predictable governance and institutional-grade infrastructure. Ethereum’s Glamsterdam, Solana’s Alpenglow and Base’s Beryl include changes aimed at scalability and finality, while Avalanche is prioritising restructuring tied to institutional demand and tokenised assets.