Despite negative results in the crypto market in 2025, Solana looks promising, showing positive trends and network development successes.
Solana Price Forecast
Solana ended its decline on March 10 and is currently consolidating around the $135 mark. As of now, the price is at $138.75. Over the last week, SOL has risen nearly 20%, and nearly 8% in the last month. The support level for the altcoin is $125.82. Two key indicators, RSI and MACD, support a bullish thesis for Solana.
SOL On-Chain Analysis
On-chain data shows that Solana leads with over 4 million active addresses in the past week. Solana also has the highest DEX volume, exceeding $5.48 billion. Overall, Solana showed a 17% increase in active addresses, a 9% increase in transactions, and a 42% increase in fees generated according to Nansen data.
Solana vs. Other Networks
Comparing Solana's revenue with other networks, such as Ethereum and Bitcoin, reveals that Solana leads with network revenues of $819 million for Q1 2025. Solana continues to occupy top positions in revenues and transaction volumes among competitors.
Solana demonstrates positive results amid the overall instability in the crypto market. Ongoing network development and an increasing number of active users may contribute to further growth in the value of SOL.
