Solana Price Breaks Descending Trendline as Network Activity Hits All-Time High
Solana (SOL) price rose on Sept. 19, breaking a long-term descending trendline, according to Master of Crypto. Simultaneously, network activity hit a record with over 5 billion monthly transactions, per SolanaNews.sol. If the breakout holds, targets of $125, $150, and $180 are possible. SOL price is still below its January 2025 peak near $295.
How this was made

The 30-second read
Why it matters
The simultaneous technical and usage signals provide a fresh catalyst for traders to consider positioning in SOL.
Market read
First report of record monthly transactions and a technical breakout, offering a timely trading opportunity.
What to watch
Potential network congestion or upcoming protocol upgrades that could temporarily dampen activity.
Background
Solana’s price action and network usage are reported together, indicating a correlation between on‑chain activity and market sentiment.
Ticker impact
Solana broke above a long‑term descending trendline on Sept 19 and recorded a monthly on‑chain transaction volume above 5 billion for the first time.
Potential push toward $125, with upside to $150 if the weekly close stays above the trendline.
Breakout is confirmed by price action and a fundamental usage surge; however, broader crypto market conditions remain volatile.
Market effects
Highlights growing demand for high‑throughput blockchains, may benefit other layer‑1 projects.
Positive signal for crypto markets globally, especially in regions with high Solana adoption.
Adds to overall crypto rally, could attract short‑term inflows into SOL and related DeFi assets.
Counterpoint
The breakout may be a short‑term technical bounce; without sustained on‑chain growth, price could retest the descending channel.
Key entities
- cryptocurrencySolana
Layer‑1 blockchain and native token SOL.




