Solana Price Breaks Descending Trendline Amid Record Network Activity
Solana's price has broken above a long-term descending trendline as the network activity reached an all-time high. This technical move and rising demand for blockspace on Solana occurred within the same 24-hour window, providing two concurrent signals of growth.
The record-breaking transaction count stands at over 5 billion for the first time in monthly trading, according to SolanaNews.sol. Network traffic has been consistently growing throughout 2026 and surpassed a threshold not seen before on the blockchain.
Master of Crypto highlighted this technical shift, noting that SOL broke above the descending trendline after bouncing from its lower boundary. The analyst stated that if the weekly breakout holds, $125, $150, and $180 could be the next levels to watch.