Solana (SOL) continues to show strength in the current crypto market bull run, performing well despite a recent short-term correction. However, the Solana network is facing challenges with ongoing outages and congestion issues. The congestion is mainly due to the increasing number of users, particularly those engaging in transactions with meme coins and decentralized exchanges (DEXes).

The recent increase in network activity may boost the token's value but results in a negative user experience due to transaction failures. Solana has experienced recurrent downtime incidents, with up to 70% of transactions failing, causing disruptions in network activity.

Investors are now watching SOL’s price closely as the network tries to address these issues. The price of SOL remains above $170, showing signs of resilience with a 2% increase in the last 24 hours. However, concerns about network performance may impact confidence and potentially lead to a price decline.

Crypto analyst Rekt Capital suggests that SOL needs to maintain support above the $184 mark to sustain its bullish run. Despite potential fluctuations around $173, SOL should ideally stay above $184 to maintain positive momentum.

According to the price prediction platform CoinCodex, SOL is expected to surpass $200 and reach $230 by April 11. Despite weekly losses of over 10%, SOL is currently trading at $174.

The long-term impact of network congestion on SOL’s price remains uncertain as the token has shown resilience despite ongoing outages. The future price trajectory will depend on overall market sentiment. Please note that investing in cryptocurrencies involves risks, and the content provided should not be considered investment advice.