- Solana has surged more than 13% over the past week and is now up over 30% for the month despite broader market weakness.
- Analysts say fresh technical buy signals and rapid on-chain growth are strengthening the case for a move toward $100 and possibly $120.
- Solana continues to dominate blockchain activity, with millions of daily users and over $360 billion in decentralized exchange volume this year.
Solana (SOL) is back in the spotlight after staging an impressive recovery over the past week. The cryptocurrency has climbed more than 13% in just seven days, extending its monthly gains beyond 30%, even as the broader crypto market cooled following Strategy’s latest Bitcoin sale.
At the time of writing, SOL was trading around the $80 level. While prices have certainly grabbed attention, the bigger story may actually be unfolding behind the scenes, where network activity continues to accelerate at a remarkable pace.
New Addresses and Technical Signals Point Higher
Fresh data shared by crypto analyst Ali Martinez shows that the Solana network added roughly 1.60 million new wallet addresses over the past two weeks. That’s a sizable jump, and one that suggests user adoption continues to build rather than slow down.
Martinez also highlighted another development that has traders paying attention.
According to his analysis, Solana’s three-day chart has flashed a fresh SuperTrend buy signal—the first one since October 10, 2025. The signal appeared after the Average True Range (ATR) trailing stop moved beneath the price, a technical event many traders view as a potential trend reversal.
The previous SuperTrend sell signal preceded a steep 74% correction, Martinez noted. This latest signal, however, suggests the opposite scenario may now be unfolding, with momentum shifting from bearish to bullish.
If the trend holds, he believes SOL could make a run toward the $100 mark.
Analysts Eye $100… and Even $120
MN Fund founder Michaël van de Poppe is also maintaining an optimistic outlook for Solana.
According to him, SOL has broken back into its previous trading range, although a short-term pullback wouldn’t be surprising before another leg higher. He emphasized that the $75 to $77 zone now serves as a key support level.
As long as buyers defend that range, the path toward $100 remains intact. Beyond that, van de Poppe believes Solana could even challenge $120 over the coming weeks or months if bullish momentum continues to build.
Markets rarely move in straight lines, of course, but sentiment surrounding SOL has clearly improved.
Solana Treasury Stocks Are Climbing Too
The renewed optimism isn’t limited to the cryptocurrency itself.
Several publicly traded companies with large Solana exposure have also posted notable gains over the past month, reflecting growing investor confidence in the broader ecosystem.
Shares of Sol Strategies (STKE) have climbed nearly 14% over the past month, while Solana Company (HSDT) has advanced around 12%. Meanwhile, Forward Industries (FWDI) has also recorded gains of more than 7% during the same period.
The performance suggests investors are increasingly looking beyond the token itself and toward companies building their strategies around Solana.
Network Usage Continues to Stand Out
Price action tells one story. The blockchain’s usage tells another.
According to research from Grayscale, Solana has processed an average of more than 100 million transactions every day so far this year. That works out to over 1,200 transactions per second, making it one of the busiest blockchain networks in the industry.
During the same period, the network averaged roughly 4.3 million unique daily users while generating approximately $100 million in transaction fees. Much of this activity has come from decentralized finance (DeFi), social trading applications, and decentralized infrastructure projects.
Those numbers suggest the ecosystem isn’t relying solely on speculative trading. Users are actively interacting with applications across multiple sectors, helping drive sustained blockchain activity.
Decentralized Exchange Volume Keeps Growing
Another area where Solana continues to separate itself is decentralized trading.
Grayscale’s research shows that Solana-based decentralized exchanges have processed more than $360 billion in trading volume so far this year, comfortably outperforming competing blockchain ecosystems.
That level of activity reinforces Solana’s growing reputation as one of the industry’s leading Layer-1 networks. While competition from Ethereum, Avalanche, Sui, and others remains intense, Solana continues to attract developers, traders, and everyday users at an impressive pace.
If network adoption continues expanding alongside improving technical indicators, many investors will be watching closely to see whether SOL’s next major milestone is breaking above the psychologically important $100 level.
