- SOL at $87.77 up 3.2% with $50.5B cap ranks 7th in Forbes top 10.
- Fear & Greed Index at 21 shows extreme fear amid SOL outperformance.
- Resistance $100; support $80 per TradingView analysis.
Solana (SOL) hit $87.77 on April 16, 2026, up 3.2%. It ranked 7th in Forbes' top 10 cryptocurrencies with a $50.5 billion market cap, CoinMarketCap data shows. The Fear & Greed Index stood at 21, signaling extreme fear.
Bitcoin (BTC) led at $75,384, up 1.4% with $1,508.7 billion cap. Ethereum (ETH) followed at $2,348.28, up 0.7% and $283.4 billion cap. SOL outperformed both daily, CoinGecko metrics confirm.
Top 10 Cryptocurrencies by Market Cap (April 16, 2026)
| Rank | Cryptocurrency | Price (USD) | 24h Change | Market Cap (B USD) |
|---|---|---|---|---|
| 1 | BTC | 75,384 | +1.4% | 1,508.7 |
| 2 | ETH | 2,348.28 | +0.7% | 283.4 |
| 3 | USDT | 1.00 | 0.0% | 185.8 |
| 4 | XRP | 1.44 | +2.5% | 88.7 |
| 5 | BNB | 631.36 | +1.9% | 85.1 |
| 6 | USDC | 1.00 | 0.0% | 78.7 |
| 7 | SOL | 87.77 | +3.2% | 50.5 |
| 8 | TRX | 0.32 | -0.9% | 30.7 |
| 9 | FIGR_HELOC | 1.03 | +0.5% | 17.4 |
| 10 | DOGE | 0.10 | +2.5% | 15.1 |
Forbes Digital Assets%) highlights Solana's thousands of transactions per second (TPS). This efficiency boosted its ranking.
Solana Tops Daily Gains Among Peers
SOL led top 10 with +3.2% gains. XRP rose 2.5% to $1.44. DOGE matched at +2.5% to $0.10. Cardano (ADA) hit +3.2% but lagged at $9.4 billion cap. BTC gained 1.4%; ETH 0.7%, CoinGecko reports.
Solana's proof-of-history consensus delivers high TPS. It attracts DeFi projects. The Fear & Greed Index at 21 from Alternative.me tempers rally optimism.
Solana Price Prediction: Key Technical Levels
Resistance sits at $100; support at $80. SOL's all-time high hit $260 in November 2021. The 2022 low reached $8. Holding $80 maintains momentum. A drop below risks $70, TradingView charts show.
Proof-of-history differentiates Solana from Ethereum's proof-of-stake. EU MiCA rules, effective January 2026, spur adoption, per European Securities and Markets Authority (ESMA) reports.
Dune Analytics data reveals Solana active addresses up 15% week-over-week to 2.1 million. On-chain growth bolsters Solana price prediction upside.
Bull Case for Solana Surge
BTC above $75,000 targets SOL at $120 if steady, TradingView analysts note. Fear & Greed over 30 shifts to greed.
Network upgrades target over 65,000 TPS. Spot ETF filings accelerate post-ETH approvals, Bloomberg Intelligence states.
Solana DeFi TVL rose to $12.4 billion, up 8% weekly, DefiLlama reports. Jupiter DEX hit $4.2 billion daily volume.
Bear Case Risks
BTC drop below $75,000 pulls altcoins like SOL to $70. Past outages, now fixed, linger as concerns.
USDT and USDC hold $264.5 billion combined cap, pulling liquidity from risk assets, CoinMarketCap indicates.
Catalysts for Solana Price Prediction
Forbes spotlights efficiency. Glassnode shows active wallets up 12% to 1.8 million monthly.
Phantom wallet links payment processors for retail growth. Wormhole bridges connect to Bitcoin.
MiCA clarity draws institutions. Visa partnerships enable stablecoin settlements.
SOL tests $100 at $87.77. Fear easing could hit Solana price prediction targets over $120, TradingView projects.
Frequently Asked Questions
What is the Solana price prediction for 2026?
$87.77 holds with resistance at $100, support $80. Break above targets $120; below risks $70 amid Fear & Greed at 21.
Why did Solana rise 3.2% on April 16, 2026?
SOL gained 3.2% to $87.77, topping top 10 performers. Forbes top 10 inclusion and blockchain efficiency drove interest at $50.5B cap.
How does Solana compare to top cryptos?
SOL ranks 7th ($50.5B), leads gains +3.2%. Behind XRP $88.7B; ahead TRX $30.7B. BTC $1,508.7B dominates.
What does Fear & Greed Index at 21 mean for Solana?
Extreme fear pressures prices, but SOL holds $87.77. Sentiment shift above 30 needed for bull run.
