Solana Network Nears 400 Billion Transactions as SOL Recovers

Solana (SOL) is gaining significant momentum again, both on-chain and in price action. The network is nearing a major milestone of 400 billion total transactions. In the last seven days, SOL has surged over 12% and reclaimed the $150 level for the first time since early March.

From its cycle low of $9.98 in January 2023, Solana has soared over 1400%, backed by growing adoption across its ecosystem. With bullish technical signals, thriving apps like PumpFun and Jito, and talk of a potential run toward $500 in 2025, Solana is once again cementing its place as a top performer in the market.

Solana Network Nears 400 Billion Transactions

Solana is nearing a major milestone. It is less than 2 billion transactions from hitting the 400 billion mark.

This comes as SOL’s price gains fresh momentum, rising over 12% in the past week and breaking above $150 for the first time since March 2, with its DEX trading volume reaching almost $16 billion in the last seven days, more than any other chain.

Since bottoming at $9.98 on January 1, 2023, Solana has skyrocketed by an incredible 1412%, becoming one of the top performers of the current cycle.

But it’s not just price action—this cycle has also brought an explosion of real adoption to the Solana ecosystem. Apps like PumpFun, launched just last year, have quickly become among the most profitable in crypto.

Meanwhile, core protocols like Raydium, Meteora, and Jito continue to generate millions in monthly fees, highlighting the network’s growing utility and economic strength.

Solana RSI Dips but Bullish Momentum Holds

Solana’s Relative Strength Index (RSI) is currently at 64.51, cooling off from a recent high of 77 just a day ago. Interestingly, it has rebounded from an intraday dip to 58.64, signaling a potential shift in short-term momentum.

This fluctuation suggests that while the recent rally may have briefly overheated, buyers are still active, keeping the momentum in bullish territory.

The RSI is a momentum oscillator ranging from 0 to 100, used to evaluate whether an asset is overbought or oversold. Readings above 70 typically suggest overbought conditions, often preceding a pullback, while values below 30 indicate oversold levels and potential buying opportunities.

With SOL’s RSI now sitting at 64.51, it points to continued bullish sentiment without being overstretched.

This level allows for further upside if momentum builds again, but traders will be watching closely to see if the RSI can climb back toward the overbought zone—or if selling pressure starts to mount.

Will Solana Reach $500 in 2025?

The Solana price is trading within a tight range. It faces resistance at $152 and holds support at $147.60.

Its EMA lines remain bullish, with short-term averages above long-term ones, signaling that the broader uptrend is still intact.

If the $152 resistance is broken, SOL could climb toward $160, and with sustained momentum, even target $180.

Looking further ahead, if Solana regains the momentum it had at the end of 2023 and throughout early 2024, it could retest its all-time high of $256 and potentially push toward $300 in the first half of 2025.

Should the overall crypto market recover in the second half and Solana continue leading in DEX volume and developer activity, the $500 mark becomes a realistic long-term target.

However, on the bearish side, a loss of the $147.60 support could open the door for a correction toward $124 or even $112 if the downtrend accelerates.