Solana Price Prediction This Week: Time to Buy or Dump Your Bags?

Solana's price action heats up as traders debate its next move. Will SOL break resistance or face a brutal rejection?

Bullish signals flash—but don't trust them blindly. The network's recent uptime streak fuels optimism, while whale accumulation hints at potential upside. Technicals suggest a make-or-break week ahead.

Bears whisper about overbought conditions and that one time the chain 'took a nap' during peak traffic. Meanwhile, degens FOMO into leveraged positions like it's 2021 all over again.

One thing's certain: Wall Street would charge you 2% management fee for this level of volatility. Place your bets—just don't mortgage your dog for SOL futures.

Additional metrics show continued strength in Solana’s network fundamentals. Data from Nansen reveals that transaction volume increased by 27% over the past seven days, exceeding 596 million total transactions, more than the other top ten chains combined.

Solana’s active addresses ROSE by nearly 5% to 25.5 million, while total network fees climbed 24% to $7.3 million. Rising network fees, address activity, and usage generally signal growing on-chain engagement.

Further data shows that Solana’s stablecoin network is thriving. Its stablecoin addresses have soared by 40% in the last 30 days to over 3.3 million, while its monthly transactions and adjusted volume rose to $194.3 million and $108 billion, respectively. 

Solana is also seeing more demand as the REX-Osprey SOL + Staking ETF inflows have soared to over $77 million, a significant increase for a fund that was launched less than two weeks ago. 

Further, investors are still increasing their staked solana positions. Its inflows in the last 30 days stood at 6 million tokens worth $913 million. 

Solana price prediction 

On the daily chart, SOL has traded sideways in recent days as bullish momentum slowed. Price action has formed a large symmetrical triangle, with the upper and lower trendlines converging.

SOL is consolidating NEAR its 50-day and 200-day Exponential Moving Averages. Meanwhile, the Relative Strength Index and Stochastic Oscillator are both trending lower, reflecting reduced short-term momentum.

Still, the symmetrical triangle pattern suggests that consolidation may lead to a breakout. A move above the triangle’s upper boundary WOULD likely confirm a bullish continuation, with $200 as the next technical target.