Why Solana’s Latest Rally Has Analysts Watching the $100 and $120 Levels
Solana (SOL) has posted a robust restoration after rising greater than 13% over the previous week. The newest uptrend has pushed its month-to-month positive factors to over 30%. At the time of writing, the crypto asset was buying and selling at round $80 regardless of a market-wide retracement following Strategy’s BTC sale.
Alongside the worth strikes, on-chain exercise has additionally picked up.
On-Chain Activity and Treasury Stocks
The Solana community added 1.60 million new addresses over the previous two weeks, in keeping with crypto analyst Ali Martinez, indicating accelerating community progress.
In a separate evaluation, Martinez additionally flagged that the SuperTrend indicator on SOL’s three-day chart has generated a brand new purchase sign. This is the first such sign since October 10, 2025, when the Average True Range (ATR) trailing cease flipped beneath the worth.
He identified that the earlier SuperTrend promote sign had been adopted by a 74% worth correction. According to the analyst, the newest sign confirms a shift in development from bearish to bullish and may pave the method for SOL to climb towards $100.
Meanwhile, MN Fund founder Michaël van de Poppe additionally maintained his bullish outlook. He mentioned that the crypto asset is breaking again into its buying and selling vary and may see a quick pullback earlier than persevering with larger. He added that the $75-$77 vary wants to carry as assist, and if it does, SOL couldn’t solely proceed its advance towards $100 but additionally doubtlessly attain $120 in the coming weeks or months.
Several Solana-focused digital asset treasury (DAT) firms have additionally posted positive factors alongside the asset. Shares of Sol Strategies (STKE), as an illustration, have climbed 13.64% over the previous month, whereas Solana Company (HSDT) gained round 12%. Additionally, Forward Industries (FWDI) additionally rose by over 7% throughout the similar interval.
Network Adoption
In phrases of broader utilization development, Grayscale Research found that the Solana community has processed a mean of over 100 million transactions per day to date this 12 months, which is equal to greater than 1,200 transactions per second. During the similar interval, it recorded a mean of 4.3 million distinctive day by day customers and generated roughly $100 million in transaction charges. This exercise was attributed to functions throughout DeFi, social buying and selling, and decentralized infrastructure.
Meanwhile, Solana-based decentralized exchanges have dealt with over $360 billion in buying and selling quantity year-to-date, far exceeding the quantity recorded by different blockchain ecosystems.
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