The post Solana Price Enters a Decisive Area With Trend Direction at Stake  appeared on BitcoinEthereumNews.com.

The Solana price recovery is less than 2% short from challenging the key resistance trendline at $146. Address growth climbed from roughly 3.1M to over 5.1M as participation expanded across the network. A flattish trend in 20-and-50-day exponential moving averages indicate that short-term in SOL is sideways SOL, the native cryptocurrency of Solana ecosystem, witnessed a 1.63% surge during Friday’s U.S. market session to trade at $144. While a majority of major coins are struggling with broader market pullback, Solana price was quick to rebound amid strong surge in number of active addresses and futures trading. The renewed recovery trend in SOL is just inches away from a key resistance breakout, signaling a potential pivot trend  SOL Gains Fresh Momentum as Wallet Creation and Futures Open Interest Surge Since last month, the Solana price has jumped from $116.8 to $145, registering a growth of 24.5%. Consecutively, the asset’s market cap jumped to $81.8 billion. The bullish upswing aligns with broader market recovery as Bitcoin reclaimed the $90,000 mark. However, the SOL coin witnessed an accelerated surge as onchain and derivate market data projected renewed recovery. Solana’s SOL token has experienced a decent rally during the current session, and this is a reflection of fresh momentum in both on-chain involvement and derivatives positioning. Blockchain metrics show a positive trend of increases in user onboarding. In the past two weeks, the number of new addresses created on the Solana network has increased significantly, growing from approximately 3.13 million to 5.18 million. This rapid growth in wallet activity highlights this growth in participation, with more individuals and entities engaging with the platform’s fast and low cost infrastructure for transfers, DeFi protocol and other applications. Derivatives markets followed suit with marked rise in exposure. Data from Coinglass shows the open interest in futures contracts…

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Filed under: News - @ January 17, 2026 1:15 am