Key Insights
- Solana (SOL) moved upward on Sept. 19 after breaking out above a long-term descending trendline.
- Monthly on-chain transactions on Solana surpassed 5 billion for the first time, setting a new network record.
- These two significant events unfolded within the same 24-hour period, pairing higher network utilization with technical market momentum.
The price of Solana advanced on Sept. 19 following a record-breaking surge in network activity and a technical breakout above a long-term descending trendline, as observed by analysts.
Both milestones occurred within a single 24-hour window, providing the market with an additional perspective on the blockchain’s overall health.
According to SolanaNews.sol, monthly transaction volume on the blockchain crossed the 5 billion mark for the first time ever.
With network traffic expanding steadily throughout 2026, this latest milestone represents a threshold the blockchain had never previously reached.
Concurrently, the Master of Crypto account pointed out a technical development on the SOL chart, noting that the token pushed past a long-term descending trendline after rebounding from the structure’s lower boundary.
“If the weekly breakout holds, $125, $150 and $180 could be the next levels to watch,” the analyst wrote, adding that upcoming candles will be critical to monitor.
Solana Price and the Trendline Break
SOL traded between roughly $111 and $113 during the session. The cryptocurrency gained approximately 10 percent on September 18, rising out of the low $100s to settle in its current bracket amid a wider market recovery across major digital assets.
For an extended duration, the long-term descending trendline had acted as a ceiling for the SOL token. The recent bounce off the lower limit of that pattern triggered the exact breakout highlighted by Master of Crypto.
The analysis notes that a confirmed weekly close above the trendline keeps higher price objectives at $125, $150, and $180 in play. Conversely, a failure to maintain the breakout would refocus attention on the previous trading range.
Despite this upward movement, SOL trades well under its January 2025 high of approximately $295, marking this advance as an early recovery phase from lower prices earlier in the year.
Solana Network Activity Reaches New Peak
The transaction volume record offers an independent indicator of growth. Monthly on-chain figures exceeding 5 billion transactions signal heightened demand for Solana blockspace, aligning with the timing of the token testing the upper bounds of its chart formation.
Traders monitoring both indicators now have two simultaneous signals to evaluate: the raw network activity metric reported by SolanaNews.sol…
…and the technical assessment from Master of Crypto concerning the trendline breach and subsequent target levels following a confirmed weekly close.
How Solana trades over the coming weeks will decide if the breakout is sustainable. The analysis designates $125 as the initial target, followed by $150 and $180 as subsequent resistance zones.
The convergence of record transaction volume and a breached long-term trendline places Solana in a prominent position within the current cryptocurrency landscape.
SOL has responded with an abrupt short-term recovery as network utilization simultaneously scaled to its highest monthly tally ever recorded—both events taking place within the exact same mid-September timeframe.
Upcoming weekly closes will clarify whether this technical formation will continue backing higher valuations or if prices will drift back into the former descending channel.
At present, available data points to a blockchain running at maximum monthly throughput while the token price moves past a multi-month resistance barrier.
FAQ
- What price is Solana trading at following the breakout? Solana recently rallied to the $111 to $113 range after gaining about 10% from the low $100s.
- What milestone did Solana’s network activity reach? Monthly on-chain transactions crossed 5 billion for the first time in Solana’s history.
- What are the next price targets if the breakout holds? According to technical analysis, the next levels to watch are $125, $150, and $180.
- Has Solana recovered to its all-time highs? No, SOL remains significantly below its January 2025 peak near $295.
Arnold Kirimi 
