Momentum is building on the Solana network, with fresh on-chain records pointing to renewed strength beneath the surface.
As altcoin season sentiment picks up, Solana has logged its highest-ever monthly non-voted transactions and transactions per second, signaling a sharp rise in real network usage.
Despite still trading more than 75% below its all-time high, these metrics are fueling a growing number of bullish Solana price predictions.
At the same time, Blockchain analytics platform DefiLlama reports that the total value locked of native SOL has climbed to its highest level in over three years, now nearing 60 million tokens.
Solana native token TVL. Source: X, @DefiLlama.
These data points signal growing stickiness among users and DeFi protocols. Its spot impact could soon be realised as the macro backdrop is starting to shift in favor of risk assets.
Speculators now expect up to three rate cuts before the end of the year, starting as soon as September, with the potential to stimulate new inflows into risk assets like cryptocurrencies.
Solana Price Analysis: Could Solana Reach $1,000?
Fresh retail demand driven by potential rate cuts could provide the momentum Solana needs to complete a head and shoulders pattern forming since early 2025.
SOL / USDT 4-hour chart, head and shoulders pattern. Source: TradingView, Binance.
With an early-April bounce from support at $157, the Solana price now approaches a retest of the pattern’s neckline around $180, the key threshold for a breakout.
Momentum indicators put the altcoin on strong footing. The RSI has broken back above the signal line at 55, suggesting that buyers are driving the current market move.
More so, the MACD is widening its lead on the signal line after narrowly avoiding a bearish crossover, suggesting a short-term uptrend with staying power.
If SOL can break above $180 and flip it into support, the price could climb back to the recent late-July high at $207, confirming the breakout and continuing its bull run.
From there, the breakout path could see the Solana price return to its previous all-time high at $297, marking a potential 75% gain from current prices.
For new price discovery towards the $1,000 milestone, increased spot demand, such as that of TradFi markets with the approval of Spot Solana ETFs, could see the SOL valuation catch up to its growing ecosystem.
The Solana Ecosystem Holds Higher Gain Opportunities
Big-name coins like SOL take months to deliver gains, but the real profits often vanish in seconds. Most holders end up waiting, not winning.
Meanwhile, low-cap Solana tokens like TROLL are posting 2x returns in a single day.
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