Key Insights:
- A key trendline on the Solana price chart has become the level to watch as expert warn of a possible drop to $50.
- SOL price holds around $136 and the rising support line.
- Solana network’s daily active addresses kept climbing past 5 million in the second half of January.
A key trendline on the Solana price chart has become the level to watch. A top crypto expert said that if SOL price breaks below it cleanly, the next major downside target could be around $50.
Meanwhile, Solana also recorded a big uptick in on-chain activity. That’s largely because new AI tools have made it much easier to create and launch memecoins.
Will Solana Price Crash to $50?
A major trendline on Solana price chart is now the make-or-break level. Crypto analyst Ali_charts said a clear break below it could put $50 back on the radar.
On the weekly timeframe, Solana price action is still trading inside a long, clean uptrend that started in 2024. The rising trendline has acted like a floor for most of this move.
Each time price leaned into it, buyers stepped in and pushed SOL higher. Right now, that same trendline sits around the $136 area marked on the chart.
That makes this level the main decision point. As long as SOL price holds above that line on a weekly closing basis, the broader structure stays intact.
In that scenario, the market can still treat the recent pullback as a normal reset inside an uptrend.
The upside reference on this chart is the $200 region, which stands out as the next major area where sellers could show up again.
However, the risk becomes clear if SOL price breaks the trendline and fails to recover it. A clean weekly close below support often changes the mood fast, because it tells traders the uptrend is no longer in control.
When that happens, the chart shows a wide “air pocket” underneath, with the next highlighted target zone near $50. In simple terms, if the floor gives way, Solana price may not find much meaningful support until much lower levels.
So the playbook is straightforward. First, watch how Solana price behaves around $136 and the rising support line.
Active SOL Addresses Surge 115%
Solana network’s daily active addresses kept climbing past 5 million in the second half of the month, showing that a lot more people were using the network.
The jump came as memecoin creation picked up again after the launch of Anthropic’s Claude Cowork, an AI agent designed to operate a user’s desktop. As a result, developers on Solana Bags launchpad ramped up production and pushed token launches into overdrive.
Fees on the platform jumped to about $4.5 million on Jan. 16, showing just how intense the burst of activity became. In contrast, from September through December, daily fees usually stayed below five figures and sometimes dipped to only a few hundred dollars.
Over that same stretch, Bags also pulled ahead on output. More tokens successfully launched from the platform, surpassing the volumes seen on other major Solana memecoin factory, Pump.fun
Ethereum also picked up speed. By late December, it moved ahead of major layer-2 networks like Base and Arbitrum in daily active addresses.
Then in January, that activity climbed another 25%, showing the momentum carried into the new month.
The rise in activity came after key network upgrades. Developers expanded blob capacity, and that helped push fees down.
By Jan. 29, average fees on Ethereum had dropped to under one cent. That drop wasn’t just a nice bonus.
It lined up with Ethereum’s bigger goal of becoming a network that can run reliably on its own. However, despite that, the latest Solana price prediction has sparked discussions over the potential future movement of SOL price.