Solana Quietly Dominates as Network Usage Surges While SOL Price Stalls Below $130

Crypto markets started 2026 with a strong attention on Solana, even though the SOL price has been consolidating below $130 for weeks. According to recent on-chain data, whales accumulating Solana-related tokens was the most discussed trend in the market. Additionally, SOL’s network usage and transaction volume dominate despite low price action. This suggests smart money is taking positions, which might soon result in a breakout in Solana price chart.

SOL NVT Ratio

SOL/USDT Chart: TradingView

If the price manages to close above the 20-day EMA, the SOL/USDT pair could move higher toward the descending resistance line. A break above $130 might force sellers to exit. However, there may be some selling pressure around the 50-day SMA at $133, but a breakout above it appears likely.

On the other hand, if the price falls away from these moving averages, it would suggest sellers are still in control, increasing the risk of a decline toward the support zone below $110 and possibly down to the key psychological level of $100.

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