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01/14 09:10

Solana Price Stalls Below $145 as Network Growth R

#HTX Year-End Carnival: 150,000 USDT Over 28 Days! #2025 Investment: Share Your Insights, Win 200 USDT #Claim1,200 USDT in the Monthly Creation Challenge Solana Price Stalls Below $145 as Network Growth Remains Weak SOL trades below the $145 resistance level, with higher volume accompanying a pullback and short-term consolidation near $140. Santiment data shows network growth still declining, with new weekly wallets far below Nov 2024 levels. Charts highlight potential upside toward $165–$200, but support near $131 remains key for structure. Solana (SOL) traded at $140.28 at the time of writing, down 1.33% over the previous 24 hours, as the token remained below a key resistance band between $142 and $145. Daily data showed SOL opening near $142, moving above $143, and then retreating toward the $138.50–$139.00 range before stabilizing and edging back into the $140 area. Market data recorded 24-hour trading volume at $5.6 billion, up about 11.1%, with Solana’s market capitalization near $79.3 billion. Circulating supply was listed at 565.2 million SOL out of a total 618.2 million tokens. On-Chain Network Growth Tracks Resistance at $145 Analytics firm Santiment reported that Solana recently traded as high as $144 while “looking to break past” resistance at $145. The firm highlighted that the outcome of this test may depend on whether network growth begins to rise again. According to Santiment, weekly new wallets on Solana totaled 30.2 million in November 2024, compared with 7.3 million in the latest reading. Santiment’s chart commentary indicated that earlier price breakouts coincided with an increase in new addresses and broader on-chain activity, while periods of weaker network expansion aligned with softer price performance and extended corrections. The current network growth trend is labeled “still falling” on the visualization, framing the latest rebound attempt amid a steep decline in new wallet creation. Analysts Map Upside Targets Between $165 and $2

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