Solana shows strong user growth, but price action remains weak and uncertain.
Network upgrades under the Alpenglow roadmap could be a major catalyst if executed successfully.
SOL is likely to trade in a wide range between $95 and $197 due to market volatility and competition.
Solana continues to trade with mixed signals from both price action and network growth. SOL is trading in the low-to-mid $120 range at press time. This level shows recovery from previous volatility but also highlights uncertainty in the wider crypto market.
Market sentiment remains cautiously optimistic as Solana continues to attract users and developers, even while facing strong competition from other Layer-1 blockchains.
One of the strongest signs for Solana is its rising on-chain activity. Reports show that active addresses jumped to around 27.1 million in early January. This means more people are using Solana on decentralized exchanges, NFT platforms, and payment apps. Transaction volume also increased, showing that users are interacting with the network more every day.
However, even with this growth, the benefit to SOL holders is still not very clear. Many analysts say most of the money is made at the application level, not by the leading Solana network itself. This creates a gap between high usage and long-term token value.
A big factor for Solana’s growth is its network upgrades under the Alpenglow roadmap. These upgrades focus on better validator performance, faster transactions, and stronger network stability.
When all processes work smoothly, trust in Solana’s system might grow, especially from institutions and big developers. If there are delays or technical problems, worries about reliability may return. The success of these upgrades will likely play a large role in how the price moves this year.
The chart shows Solana price action from mid-2024 to early 2026 with multiple moving averages (14, 21, 35, 50, 100, and 200 SMA). The overall structure now looks bearish to sideways after a strong rally and a rejection from higher levels.
Solana earlier formed a strong uptrend and peaked near the $250 zone in late 2025. After that, prices started making lower surges and dips, which confirms a trend reversal. SOL price is trading around $126–$130 at press time, well below most short and mid-term moving averages. This shows weakness in momentum and a lack of strong buying pressure.
The 14-day and 21-day moving averages are sloping downward and are below the 50-day and 100-day averages. This alignment usually signals a bearish structure. Price is also struggling to break above the 35-day and 50-day averages near the $160–$167 range, which is acting as dynamic resistance.
Also Read: SOL Holds Steady While Meme Coins Fluctuate: What’s Fueling the Divergence?
The chart shows an important support area near $120–$125. Price has bounced from this zone several times, which means buyers are defending it. Below this, the next strong long-term support is near the 200-day moving average at $103–105. If the $120 zone breaks with volume, Solana could slowly slide toward this $100 region.
Volume has reduced compared to previous rally periods, which suggests weak participation from buyers. This means upside moves may struggle unless volume increases again.
Immediate resistance lies around $137–140, which is near the short-term moving average. A stronger resistance zone is between $160 and $167, where multiple moving averages are clustered. This zone rejected this price several times in the past. Another major resistance remains near $200–220, which was a previous distribution area.
The price predictions for Solana show significant variations across models, as they depend on different data sources. Conservative analysts expect SOL price to stay between $120 and $160 as market conditions experience moderate expansion and stability.
Bullish forecasts expect SOL prices to reach between $150 and $200 as DeFi activity will increase and system upgrades build market trust.
According to several other analysts, Solana price faces a potential decline to $95 if global liquidity dips and competition grows. The expected trading range of $95 to $197 suggests traders may face broad, unpredictable price action.
Also Read: Is Solana a Good Investment in 2026? Buy, Sell, or Hold Explained
Solana price depends on the successful network advancement. The token’s mainnet shows strong user growth through increasing active addresses and rising transaction volume. Several predictions expect SOL prices to stay between $120 and $160, while the asset could drop to $95 and reach a high of $197.
Solana will experience consistent market growth if the system develops successfully and its customer base expands. Price forecasts are positive, but the current situation remains uncertain, as minor shifts can quickly alter price patterns.
1. Why is Solana’s network growth important for 2026?
Rising active addresses and transaction volume show increasing adoption across DeFi, NFTs, and payment apps, signaling long-term ecosystem strength.
2. What is the biggest risk for Solana in 2026?
Failure or delays in network upgrades and stronger competition from other Layer-1 blockchains could pressure prices and confidence.
3. What are the key support and resistance levels for SOL?
Support lies around $120–$125 and near $100, while resistance is seen at $140, $160–167, and $200–220.
4. Can Solana reach $200 in 2026?
It is possible if upgrades succeed and DeFi activity expands, but it requires strong volume and a broader bullish crypto market.
5. Is Solana still a good long-term investment?
Solana remains promising due to adoption and developer activity, but its value depends on turning usage into sustainable token demand.