Solana Price Holds $200 As Transaction Speed Hits Record

Key Insights:

• Solana price exchanged hands at $201 at press time, up 9% in 24 hours
• Network throughput reached more than 2,300 transactions per second
• Analysts tracked resistance near $220 and longer-term levels around $294.

Solana (SOL) price was around $200 at press time. The token added 9% over the past 24 hours and about 7% in the past week.

Monthly gains stood at 8%. Amid the recent rally, the network reached a record transaction speed while traders assessed whether the token could test the $200 level.

Solana Price Rallies Sparking Optimism

The Solana price held above $200 at press time after several sessions of downward pressure. Analysts said maintaining this range signaled continued demand despite broader market uncertainty.

The structure of the chart showed an inverse head-and-shoulders pattern on the 12-hour time frame. This formation is often seen as a potential reversal signal when support is maintained. The current base of around $180 created a zone for buyers to defend.

Analysts noted that if the Solana price turned $200 into support, the token could test higher resistance levels near $210 and possibly $220. A move through those zones would leave $294, the prior all-time high, as the next major technical target.

Momentum indicators pointed to higher lows, which suggested buyers were in control. The pattern of higher lows and a defended range underlined the constructive setup for the token.

Solana Price Supported by Network Growth

Amid Solana price rally, on-chain data showed consistent growth in SOL network activity. Transaction counts rose steadily over the past several years.

Market participants said the increase demonstrated that the network was seeing more real-world usage.

Mert from Helius, a Solana development firm, reported that successful transactions continued to rise “up and to the right.”

While reverted transactions occurred, successful ones far outnumbered them. Analysts said this pointed to improvements in network efficiency as the ecosystem matured.

These developments added weight to the technical picture. Rising on-chain usage often provided a stronger fundamental base for a token’s price.

Market observers said the growth signaled that Solana’s network was being adopted for applications requiring high speed and scalability.

At the same time, analysts highlighted the importance of throughput in supporting Solana price. Network demand often influenced market confidence by demonstrating the blockchain’s ability to process large volumes of activity without breakdowns.

Transaction Milestone Added to 2025 Outlook

Solana set a new throughput record as its real transactions per second crossed 2,300. Data from SolanaFloor showed the level had not been reached before. The increase came after earlier periods when transaction speeds were more limited.

Analysts said the milestone suggested the network could handle heavier workloads during periods of strong demand. They noted that reliable throughput was essential for maintaining investor confidence.

Chart watchers also pointed to Solana price range highs near $294 as the upper boundary of SOL’s current structure. The range extended from support near $200 to the $294 ceiling.

Crypto King, a technical analyst, said the chart showed higher lows and a bounce from uptrend support. These signals aligned with a standard bullish continuation pattern.

Heading into the final quarter of 2025, Solana price combined resilient technical levels with stronger network data.

Current levels are around $200, left $220 as the next near-term test. Longer-term resistance remained defined at $294.

Analysts said the combination of defended support, higher lows, and stronger throughput left Solana price in position for further gains if momentum continued.

The broader direction would still depend on market liquidity conditions, but the technical setup favored the possibility of another move higher in 2025.