Date: February 2, 2026.
Despite the temporary correction of the broad cryptocurrency market, the Solana (SOL) ecosystem demonstrates exceptional resilience in fundamental indicators. While the token price struggles for key support levels, network activity has reached multi-year highs.
📉 Price analysis: Key levels
Currently, SOL/USDT is trading in the range of $100.50 – $103.20. After an aggressive rally at the end of 2025, the asset transitioned into a consolidation phase.
Resistance zone: $116.00. Breaking this level will open the path to the psychological mark of $150.00.
Support zone: $98.50. Maintaining this level is critically important for preserving the bullish sentiment in the medium term.
⛓️ On-chain metrics: The effect of meme coins and Firedancer
According to data from Binance Research, Solana is outpacing competitors in terms of user base growth:
Active addresses: Growth of 115% over the last month. The network processes transactions from more than 5 million unique wallets daily.
DEX dominance: Trading volume on Solana's decentralized exchanges exceeds Ethereum's on certain days, driven by low fees and a boom in token launch platforms.
Technological upgrade: Validator Firedancer continues integration, providing a throughput exceeding current market needs by 5 times.
⚠️ Risks and opportunities
Investors should pay attention to the upcoming Solana Accelerate APAC conference in Hong Kong (February 11). Announcements of new institutional partnerships are expected, which could drive growth.
However, the decline in the number of active validators to ~800 units raises questions about long-term decentralization, which remains a focus for regulators.
Disclaimer: This content is provided for informational purposes only and is not financial advice. Investments in cryptocurrencies carry a high risk.
