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Solana Price Prediction: Can SOL Break $77 as On-Chain Activity Surges?
['Tia Avet', 'Analyst', 'Covering Cryptocurrency Markets', 'Policy', 'Regulation. With Over Seven Years Of Experience In Business', 'Marketing Development', 'She Has Spent The Past Two Years Specializing In Digital Assets.', 'Min Read', 'August']
Coinpaper
is approaching a crucial $77 resistance level as traders watch for either a breakout or another rejection toward lower support.
At the same time, record network transaction activity is strengthening SOL’s fundamental backdrop and adding weight to the bullish case.
Solana Transaction Activity Hits a New High as Network Usage AcceleratesSolana’s on-chain activity is strengthening at the same time SOL approaches a key technical resistance zone.
A weekly transaction chart shared by gum shows non-vote transaction activity reaching the highest level in the displayed history, with the latest reading near 1.1 billion transactions.
SOL is testing resistance around the $77 area while network activity is reaching a record in the series shown.