Solana price prediction as network fees, transactions, and users soar

2026-01-24 12:37:12

Source: CryptoNewsNet Original Title: Solana price prediction as network fees, transactions, and users soar Original Link:

Overview

Solana price has pulled back in the past few days, reaching its lowest level since January 2, despite the network demonstrating exceptional on-chain metrics. The SOL token dropped to a low of $127, down 15% from its January high and 50% from its 2025 peak.

Network Performance Metrics

Solana’s network is performing exceptionally well across multiple indicators:

Transaction Volume: The network handled over 2 billion transactions in the last 30 days, significantly higher than other popular layer-1 and layer-2 networks combined. Ethereum and BSC Network handled 63 million and 438 million transactions respectively.
User Growth: Active users jumped 34% to 81.2 million in the past 30 days.
Network Fees: Fees rose 42% to over $20 million.

DeFi and Stablecoin Activity

Decentralized exchange volume and stablecoin activity remained robust:

DEX Volume: Solana’s DEX protocols handled over $107 billion in volume, exceeding Ethereum, Base, and BSC combined.
Stablecoin Metrics: Stablecoin transaction volume reached over $312 billion with transaction count surging to 260 million. The ecosystem hosts over 4.5 million stablecoin addresses.

Network growth is expected to accelerate further as developers work on the Alpenglow upgrade, which will significantly boost performance.

Technical Analysis

The daily timeframe shows SOL price retreating from the year-to-date high of $148 to the current $126. However, technical indicators suggest a potential rebound:

Bullish Patterns: The token has formed an inverted head-and-shoulders pattern and is positioned at the right shoulder, indicating potential upside.
Cup-and-Handle Formation: SOL has also formed a cup-and-handle pattern at the right shoulder section.

Bullish Scenario: The most likely scenario involves a rebound in the coming weeks toward the year-to-date high of $148. A break above this level could signal further gains toward the psychological $200 level.

Bearish Scenario: A drop below the key support level at $118 would invalidate the bullish outlook and suggest more downside in the near term.

SOL-1,54%

ETH-0,97%

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