Solana’s Network Growth Drives 16% SOL Price Rally
Solana’s blockchain is experiencing significant growth, with daily transactions increasing by 12% month-over-month to surpass 99 million in April. This uptick in network activity has directly contributed to a 16% price surge for SOL over the past 30 days, fueled by rising demand. Key metrics highlight the network’s momentum, including a 35% spike in transaction fees, indicating robust usage and sustainable revenue generation. As of May 2025, Solana’s ecosystem continues to demonstrate strong fundamentals, positioning SOL for potential further gains.
Solana’s Network Activity Fuels 16% SOL Price Surge
Solana’s blockchain is witnessing accelerated growth, with daily transactions climbing 12% month-over-month to exceed 99 million in April. This surge in user activity has translated directly into market performance—SOL’s price rallied 16% over the past 30 days as demand intensified.
Network metrics reveal compounding momentum. Transaction fees spiked 35%, reflecting both heightened usage and sustainable revenue generation. The ecosystem shows no signs of deceleration, suggesting SOL’s upward trajectory may persist in the NEAR term.
Solana’s Price Coils in Tight Range as Bollinger Bands Hint at Impending Breakout
Solana’s SOL token has entered a period of compressed volatility, trading within a narrow $146-$150 band after a recent rally from $136 to $157. The 4-hour chart shows a pronounced Bollinger Band squeeze, typically preceding significant price movements.
Technical indicators suggest a pivotal moment for SOL. A decisive break above $150 could propel prices toward the $156-$158 resistance zone, while failure to maintain current support levels may trigger a pullback to $142 or even $138. The token currently tests the VAL zone while trading below its weekly Volume-Weighted Average Price.
Market participants await resolution of this technical standoff, with the Bollinger Band resistance at $148 currently applying downward pressure. The coming sessions will determine whether Solana can muster enough bullish momentum to escape its current constraints.
Solana Monthly Candle Reclaims Key Levels – Is $240 The Next Target?
Solana has demonstrated resilience, holding above the $145 support level despite recent market turbulence. Bulls have struggled to push past the $155 resistance zone, a critical threshold that could trigger a broader rally. Failure to breach this level suggests a potential retracement if momentum wanes further.
Top analyst Jelle noted on X that Solana’s monthly candle closed above consolidation lows, signaling technical strength. "SOL took out all the consolidation lows and still managed to close the candle back above those levels," Jelle observed. This price action indicates underlying demand and potential for upward continuation.
Traders remain watchful of the $155–$160 range as the next decisive battleground. A confirmed breakout could pave the way for a test of $240, while rejection may invite short-term consolidation.
Solana Shatters 400B Transactions as Capital Inflows Fuel Rally Toward $150
Solana’s blockchain has processed over 400 billion transactions, a milestone that underscores its high-throughput capabilities. The network’s real-world usage and transactions per second remain industry-leading, reigniting investor confidence.
Capital inflows surged by $4.72 billion in a single week, marking the sharpest increase since January. This influx propelled SOL past $150 for the first time since March, though the rally has since cooled slightly. On-chain metrics suggest bullish momentum remains intact.
The 400 billion transaction threshold highlights Solana’s scalability as it continues to attract developers and users. With the network currently processing over 4,000 transactions per second, its technological edge is becoming increasingly difficult to ignore.
Solana At A Crossroads: Consolidation Before The Next Major Surge?
Solana (SOL) is currently navigating a critical consolidation phase, with its price stabilizing near the $147 mark. Analyst GemXBT notes this coiling pattern often precedes significant market movements, drawing trader attention to potential breakout signals.
The $146 support level has proven resilient, acting as a floor against further declines. Market participants are monitoring volume spikes and candlestick formations for clues on SOL’s next directional move. Such consolidation periods historically resolve in sharp price movements—either upward breakouts or breakdowns.
Solana Tests Key Support Amid Bearish Technical Signals
Solana’s SOL faces mounting bearish pressure as its price hovers near the critical $140 support level, a zone that could determine near-term market direction. The asset retreated to $146 after failing to sustain momentum above key moving averages, with technical indicators now flashing warning signs.
Resistance at the 100-day ($151) and 200-day ($162) moving averages continues to cap upside potential. The flattening RSI at 58 reveals weakening bullish momentum, while declining volume suggests dwindling demand. Market participants await either a decisive breakdown or bullish reversal at current levels.
