Solana Price Breaks Trendline as Network Activity Hits Record High

Solana's price broke above a long-term descending trendline on September 19, coinciding with record network activity. The SOL token rose by around 10% from the low $100s to settle in the current range of $111 to $113.

This technical shift was identified by Master of Crypto, who noted that if the weekly breakout holds, Solana's price could reach $125, $150, and $180. The analyst emphasized the importance of the next few candles in confirming this trend.

The record-breaking network activity, with monthly on-chain transactions exceeding 5 billion for the first time, reflects rising demand for blockspace on Solana. This milestone arrives as Solana's price tests the upper side of its recent structure.