Solana Price Prediction: Why Slowing Network Growth Could Limit SOL’s Bullish Potential in the Short Term

Solana (SOL) is currently trading at $229.84, up 1.54% in the past 24 hours; however, network data indicates a slowdown that could temper near-term bullish ￰0￱ to Blockworks Research, Solana’s Network Real Economic Value (REV) — which tracks transaction fees and out-of-protocol tips — has cooled considerably since its December 2024 ￰1￱ then, weekly REV briefly surpassed $200 million, driven by surging decentralized exchange volumes and trading in memecoin. Solana: Network REV (Real Economic Value) –) Technical Outlook: Channel Support in Focus On the charts, the Solana price prediction appears bullish, as SOL is maintaining a rising channel structure, oscillating between support at $218 and resistance at $253.

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