Solana price forecasts with rising network fees, transactions, and user numbers.

The price of #سولانا lost its recent momentum and dropped to its lowest level since January 2, despite having some of the best performance indicators on the blockchain.

Summary

The price of #Solana has declined over the past few days, reaching its lowest point since January 2.

The network has experienced rapid growth in transaction volume and fees in recent days.

Technical analyses indicate a possible rebound in the price of Solana (SOL) soon.

The price of the Solana token (#SOL ) fell to a low of $127, down 15% from its January high this year. It also decreased by 50% from its peak in 2025.

Data collected by NanSen shows that the #SOLUSDT network is operating at full capacity, making it one of the top-performing networks in this sector.

The network processed over two billion transactions in the past thirty days, a figure significantly higher than the total transactions of other common layer-one and layer-two networks. For example, Ethereum and BSC handled over 63 million and 438 million trades respectively.

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The number of Solana users continued to rise over the past thirty days, with active users increasing by 34% to reach 81.2 million during the same period. Additionally, network fees increased by 42% to exceed $20 million.

This growth coincides with stable trading volume on decentralized exchanges and stablecoins. The trading volume on Solana’s decentralized protocols surpassed $107 billion, exceeding the combined trading volumes of Ethereum, BSC, and others.

The trading volume of stablecoins on Solana also jumped to over $312 billion, with the number of transactions exceeding 260 million. The Solana ecosystem now has more than 4.5 million stablecoin addresses.

Solana’s growth is likely to continue in the coming years as developers work on the upcoming Angelos upgrade, which will significantly enhance its performance.

Technical Analysis of Solana Price

The daily chart shows a decline in the price of Solana (SOL) over the past few days, from its highest point this year at $148 to the current $126.

Upon closer inspection, it appears that Solana has formed a bullish pattern, indicating a potential rebound. It has formed an inverse head and shoulders pattern, currently at the right shoulder.

The coin has also formed a cup and handle pattern, now at the right shoulder.

Therefore, the most likely scenario is a rebound in the coming weeks, possibly back to its high this year at $148. Breaking above this level would indicate further gains, potentially reaching the psychological support level at $200.

However, a decline below the key support level of $118 would invalidate the bullish outlook and suggest further short-term declines.

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