Solana Price Trapped Near $90 as Growth Fails to Boost Value

Solana's price has been stuck in a range, unable to break above $90 and facing hurdles near the $90-$92 zone.

The blockchain's growth, however, remains a positive sign. Active addresses have nearly doubled since the start of 2026, climbing from 2.5 million to 4.8 million in recent weeks.

This surge suggests user participation has returned to the blockchain, driven by network usage rather than speculation alone.

Standard Chartered's head of digital assets research, Geoffrey Kendrick, noted that Solana remains a quality project worth buying despite its heavy reliance on meme coin trading. He expects the shift toward more sustainable applications like micropayments to take time to reach scale.