Could Solana's Surging Activity in September Push SOL to $160?
Solana's network activity is booming in September, with a massive increase in active users and new sign-ups. As the month nears its end, SOL could be on track to hit $160. Hereâs whatâs driving the surgeâand whether this target is within reach.
Over the past 23 days, Solana has recorded 61 million unique addresses, a 57% jump from August's 26.3 million. New users have surged by 85%, reaching 78 million as more people flock to Solana's low transaction fees. In comparison, Ethereum's average fee spiked to $7.03 this month, further boosting Solanaâs popularity.
Bullish momentum is building, with key indicators like the Relative Strength Index (RSI) and Parabolic SAR signaling an uptrend. If buying pressure continues, SOL could break through resistance at $159.96 and rally toward $186.40. However, if selling pressure increases, SOL could dip back to $131.32.đ
So, to all the SOL degens outchia, can Solana hit $160 đbefore the month ends?
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