$SOL
Solana (SOL) Indicates Strong Potential for Growth as Network Activity Reaches 6-Month Peak
Solana is recovering significant bullish momentum, as on-chain metrics and technical indicators suggest a possible 40% upward movement soon. After bouncing back nearly 25% from its December lows, SOL has entered a technical bull market, bolstered by swiftly increasing network activity and rising institutional interest.
Per on-chain analytics, Solana's active addresses have exceeded 4.8 million, doubling since December and hitting their highest level in over six months. This rise underscores revitalized user participation and broader ecosystem utilization—frequently a key signal of ongoing price appreciation.
Transaction activity enhances the optimistic outlook. Recently, Solana handled over 97 million transactions, totaling more than 1.7 billion in the past 30 days, surpassing key rivals such as Ethereum and BNB Chain. Furthermore, the network processed $121 billion in transaction volume, exceeding the total capacity of multiple top blockchains.
Investor optimism is also increasing. ETFs based on Solana have garnered more than $833 million in total inflows, leading to net assets of $1.18 billion, indicating increasing interest from retail and institutional investors.
From a technical viewpoint, SOL has regained important indicators, surpassing the 50-period EMA as the Supertrend indicator turned bullish. Chart patterns indicate a possible rise to $185, corresponding with the 50% Fibonacci retracement level—roughly 40% higher than current prices.
The forthcoming Alpenglow upgrade is designed to improve speed and network structure, allowing Solana to establish itself as a high-performance blockchain with significant growth potential.