Solana Price Prediction: Can SOL Break $77 as On-Chain Activity Surges?

Solana is approaching a crucial $77 resistance level as traders watch for either a breakout or another rejection toward lower support. At the same time, record network transaction activity is strengthening SOL’s fundamental backdrop and adding weight to the bullish case.

Solana Tests Make-or-Break Resistance as $59 Demand Zone Comes Into View

Solana is pressing back into a resistance area that already produced one clear rejection, putting the market at an important decision point. Alex Marzell’s daily SOL/USDT chart shows price trading near $76 and attempting to reclaim the lower edge of the highlighted supply zone around $77, where sellers previously regained control.

Solana SOL Daily Chart. Source: Alex Marzell (@MarzellCrypto) on X

The chart frames the current move as a possible second rejection from the same resistance zone. SOL previously pushed into the $77-$78 area before losing momentum and retreating toward the low-$70s, establishing the region as an immediate barrier for buyers.

Price has now recovered to roughly $76, bringing that resistance back into focus. If sellers defend the zone again and SOL turns lower, the chart identifies the area near $59 as the first major demand level. That would represent a much deeper pullback and would likely require price to lose the recent support structure around the low-$70s first.

The bearish scenario is not confirmed simply because SOL is trading below resistance. Buyers still have an opportunity to invalidate the setup by reclaiming the highlighted zone. A sustained move above roughly $77, followed by continued strength inside the overhead range, would weaken the double-rejection thesis and signal that buyers are taking back control.

For now, the practical takeaway is straightforward: $77 is the key short-term resistance, while $59 is the major downside level highlighted if another rejection develops. SOL is sitting between those two scenarios, making the next reaction around resistance more important than predicting the direction in advance.

Solana Transaction Activity Hits a New High as Network Usage Accelerates

Solana’s on-chain activity is strengthening at the same time SOL approaches a key technical resistance zone. A weekly transaction chart shared by gum shows non-vote transaction activity reaching the highest level in the displayed history, with the latest reading near 1.1 billion transactions.

Solana Weekly Transaction Activity. Source: gum (@gumsays) on X

The chart shows a clear long-term expansion in Solana network usage. Weekly transaction counts stood near 200 million in mid-2023 before climbing through several higher activity cycles during 2024 and 2025. More recently, activity accelerated again, with the latest bar rising to roughly 1.1 billion non-vote transactions, above the previous peaks shown on the chart.

That growth provides a stronger fundamental backdrop for SOL because it points to heavier use of the Solana network rather than price movement alone. Importantly, the chart excludes vote transactions, so the displayed increase reflects other forms of network activity captured by the dataset.

The accompanying commentary also links rising usage to potential changes in Solana’s inflation and token-burn structure. The argument is conditional: if proposals that increase the effect of token burning or reduce inflation take effect, greater network activity could potentially strengthen SOL’s supply dynamics. More activity could generate more fee-related burning under applicable mechanisms, while lower issuance could reduce new supply entering circulation.

However, the transaction chart itself does not confirm that those policy changes will pass, nor does record activity guarantee a higher SOL price. The suggestion that reduced supply would make SOL more attractive to whales or institutions is an interpretation rather than something established by the chart.

Still, the timing is notable when combined with the technical setup. SOL is testing resistance around the $77 area while network activity is reaching a record in the series shown. A confirmed technical breakout would therefore occur against a backdrop of improving usage data, while another rejection would show that strong network fundamentals have not yet been enough to overcome immediate selling pressure.