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Following
SOL Solana successfully regained a key support area, and buyer entry strengthened its bullish reversal prospects. Market observers point to resilience near the technology level as a positive sign, while they also note that Solana's online activity has hit a record high.
Recovery of support inspires optimism
Solana, a fast-growing blockchain platform known for high throughput and low transaction costs, reversed its recent decline after holding on to key technology positions. The move comes as traders are watching whether the network can maintain momentum after rising 5.31% in 24 hours. As of press time, the SOL price was US$99.78, the 24-hour trading volume was US$7.84 billion, and the market value was US$58.19 billion.
Cryptocurrency analyst Javon Marks said that recovering this support level, which has triggered many rebounds before, strengthens SOL's bullish outlook. Market reaction suggests increased buying interest and improving market sentiment.
Recovering this support could provide Solana with the necessary momentum to reach higher resistance areas. If buying continues to follow,$233.80 is considered a possible target price.
If the upward trend is maintained, SOL is expected to target US$233.80, which means there is about 139% room for upside from current levels. Reaching this level requires breaking through multiple intermediate resistance levels and maintaining strong trading volumes. However, the way forward depends on whether buyers can continue to defend support and push momentum upward.
Network milestone signal adoption grows
In addition to price movements, Solana's online trading volume also hit a record high, with 1.318 billion non-voting transactions in a single week. According to Solana, this marks the highest-ever number of non-voting transactions on the network, highlighting the growing adoption of decentralized finance, token transfers and other blockchain-based applications.
Non-voting transactions reflect true user engagement because they often stem from DeFi protocols, redemptions, transfers, and on-chain applications, which contrasts with regular voting transactions performed by verifiers for network consensus.
Micro-Dictionary: Non-voting transactions are different from voting transactions that support online consensus in that they initiate activities on behalf of standard users, such as transactions, token transfers, or interactions with decentralized applications. The high number of non-voting transactions often reflects real demand for network infrastructure and services.
The continued growth in transaction activity consolidates Solana's reputation as a scalable, cost-effective blockchain infrastructure, an advantage in the growing DeFi and Web3 spaces. Although increased trading volume alone does not guarantee price increases, many market participants view it as a positive growth indicator.
The way forward: Trading volume, resistance and buying interest
The future direction of SOL depends on whether prices can hold on to recent support and attract more buyers. Some traders expect prices to move towards $233.80 if momentum continues, but they emphasize the need to break through resistance and maintain high trading volume in the process.
Market participants are also focusing on broader network growth and trading volume, which could serve as a catalyst for further bullish sentiment. If recent trends continue, Solana's momentum could support its short-and long-term price targets.
High trading volume, strong support and continued network growth may determine Solana's next move, and many are watching whether this bullish reversal will turn into a longer rally.
