Solana Tests Resistance as Price Strength Meets Slowing Network Growth

Solana price action captured market attention as the token climbed to 144 and tested the crucial 145 resistance level. Traders watched closely as bullish momentum pushed prices higher despite clear signs of cooling network growth. The price strength arrived during a period of broader market uncertainty, making Solana’s resilience stand out across major Layer 1 tokens.

Onchain data, however, tells a more complex story beneath the surface. Santiment data shows a sharp decline in weekly wallet creation since late 2024. While price momentum remains intact, slowing user growth raises important questions about sustainability. Investors now face a critical moment as technical optimism meets fundamental caution.

Solana price action often reflects strong trader sentiment during expansion phases. This time, price gains arrive while network metrics contract. That divergence forces market participants to reassess whether current levels reflect healthy consolidation or early signs of demand fatigue.

Solana Price Action Pushes Toward 145 Resistance With Strong Momentum

Solana price action continues to show impressive strength as buyers defend higher price levels. The move toward 145 marks one of the most important technical zones in recent months. Traders recognize this level as a psychological barrier that could shape short term direction.

Momentum indicators suggest buyers remain active despite lighter onchain participation. Spot demand and derivatives positioning support the ongoing price structure. Bulls continue to step in on pullbacks, preventing deeper retracements.

Solana price action also benefits from broader crypto market stability. Bitcoin consolidation allows altcoins to attract speculative capital. Solana often leads these rotations due to liquidity depth and ecosystem familiarity.

However, price alone cannot sustain rallies indefinitely. Traders now compare price strength against declining network metrics. This contrast sets the stage for increased volatility near resistance.

Solana Network Growth Slows Sharply According to Santiment Data

Santiment data highlights a significant slowdown in Solana network growth over recent months. Weekly wallet creation dropped from 30.2 million in November 2024 to just 7.3 million recently. That decline represents a steep reduction in new user onboarding.

Solana network growth often acts as a leading indicator for long term demand. Rising wallets usually signal expanding usage, applications, and capital flows. The current slowdown suggests fewer new participants enter the ecosystem.

Market analysts note that such slowdowns often follow explosive growth periods. Solana experienced rapid adoption during previous cycles. Cooling phases sometimes allow infrastructure and applications to stabilize.

Still, Solana network growth remains a critical metric for investors. Prolonged weakness could limit upside potential if price continues rising without renewed user activity.

What Traders and Investors Should Watch Next

Market participants now monitor the 145 resistance zone closely. A clean break could invite momentum buyers and short covering. Failure at resistance could trigger consolidation or corrective moves.

Solana network growth metrics remain equally important. Any uptick in wallet creation would strengthen bullish confidence. Sustained declines may increase caution among longer term investors.

Solana wallet creation trends will reveal whether retail interest returns. Combined with price behavior, these metrics help define the next phase. For now, Solana price action reflects optimism, while fundamentals urge patience. That balance creates opportunity for disciplined traders and long term holders alike.