Solana Leads with 17.4M Active Addresses, 20% Weekly Growth
- Solana Leads: According to Nansen data, Solana achieved 17.4 million active addresses this week, marking a 20% increase from the previous week, which underscores its dominant position in user activity and strengthens its competitive edge among high-throughput blockchains.
- BNB Chain's Steady Performance: BNB Chain recorded 12.2 million active addresses this week, with a 3.2% week-over-week increase, demonstrating a robust user base despite a lower growth rate compared to Solana, indicating its stability in the market.
- Tron's Rising User Engagement: Tron reached 8.1 million active addresses this week, reflecting a 16% increase, suggesting a notable rise in user participation that could attract more developers and investors.
- Declines for Ethereum and Aptos: In contrast, Aptos and Ethereum reported 6.5 million and 3.76 million active addresses, down 4.7% and 2.7% respectively, highlighting the increased appeal of high-throughput networks in the short term.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 15.911 | 41.706 | 67.261 | 93.056 | 118.611 | 144.406 | 169.961 |
| Fibonacci | 41.706 | 61.321 | 73.44 | 93.056 | 112.671 | 124.79 | 144.406 |
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