-
Solana price breaks the descending trendline, showing early bullish reversal.
-
Network revenue stabilizes, Solana leads alongside Tron and BNB.
-
Over the week market cap fluctuated between $137M and $144M with steady trading.
Analysis for Solana price reveals an early-stage bullish trend after a prolonged decline. Network revenues diversify, and market cap cycles show cautious investor activity.
Solana Price Shows Early Bullish Reversal
Solana has shifted from a long-term downtrend toward a potential bullish reversal. On the SOLUSDT 8-hour chart lower highs and lower lows are forming, hinting at a breakout above the descending trendline.
The support level between $115 and $120 is a critical zone where buyers defended prices repeatedly in the past. This is suggesting that selling pressure is weakening.
$SOL #Solana Slowly but Surely 🆙🚀
+14% Profit so far Since the ENTRY… https://t.co/Y1Gq1Pfo87 pic.twitter.com/LFUAVRNid9
— Captain Faibik 🐺 (@CryptoFaibik) January 13, 2026
Since then, momentum has been minimal and has shown shallow pullbacks and controlled volatility. This is further reinforcing the possibility of continued upward movement.
Crypto analyst Captain Faibik noted that the breakout above the descending trendline is structural. Adding that consolidation and higher lows indicate acceptance above previous resistance, which is supporting the early bullish stance.
The projected target range of $185–190 aligns with prior consolidation zones.
Network Revenue Trends Highlight Solana’s Position
Blockchain network revenue from October 12, 2025, to January 11, 2026, shows Solana gaining a prominent share alongside Ethereum, Tron, and BNB. Initially, revenue peaked above $100 million in mid-October.
$SOL back to the number 1 chain in terms of weekly network revenue. pic.twitter.com/rPeIDpZ0LO
— Rand (@cryptorand) January 13, 2026
Then, the revenue stabilized between $25 million and $40 million weekly. During this period, Solana contributed $7.65 million in the last week sampled, surpassing Ethereum’s $3.28 million and closely competing with Tron at $6.46 million.
The data reflects a post-peak period with more balanced revenue distribution across multiple networks. BNB also gained visibility, contributing $4.89 million.
Smaller protocols like Polygon, Base, and HyperEVM maintained modest revenue shares, indicating diversified user activity across blockchains.
Market Cap Movements Reflect Short-Term Trading Cycles
Over the past seven days, Solana’s market cap ranged from $137 million to $144 million. It stayed mostly in a moderate volatility zone. The market cap initially rose from $140 million to a peak above $143 million on January 12.
This was a signal of sustained short-term buying momentum. After the peak, the market then experienced a correction, dropping close to $138 million on January 13.
Through a subsequent recovery the market cap returned near $142 million, due to renewed trading interest and stable investor confidence. Notably, volume levels remained consistent throughout the week.
Stable trading activity suggests that price fluctuations were influenced by steady buying and not sudden large trades.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana surpasses Ethereum in the number of RWA asset holders
Gate News Announcement, March 9 — On-chain analysis data shows that the Solana blockchain has surpassed Ethereum in the number of wallets holding tokenized real-world assets (RWA). Currently, Solana leads in the number of wallets holding RWA. Although Solana is ahead in the number of holders, Ethereum still maintains a dominant position in the total value of tokenized assets deployed on-chain. Most major tokenized government bond products and private credit platforms are still based on the Ethereum ecosystem.
GateNews41m ago
Solana partners with Alibaba Shanghai Hongqiao Alibaba Center to establish Solana Shanghai Builder Station, officially opening on March 20.
Solana and Alibaba Shanghai Hongqiao Center collaborate to establish the "Solana Shanghai Builder Station," which will officially open on March 20th. The initiative aims to provide a platform for blockchain developers to communicate and incubate, promote technological co-creation and industry connection, with support from the Shanghai government.
GateNews53m ago
Solana price drops below $85, approaching a critical support level. Will SOL fall to $72? The $80 support becomes the battleground between bulls and bears.
Solana (SOL) has recently continued to weaken, breaking through the $85 and $82 support levels, with market sentiment cautious. Traders are watching the key support level at $80; if it breaks, the price could continue to decline to $72. Technical indicators show a bearish trend, but there is still hope for a short-term rebound, which requires breaking through the $85.50 resistance to improve the market condition.
GateNews1h ago
Solana stablecoin settlement surpasses $650 billion: Funds flow out of Ethereum, on-chain USD payment landscape is changing
Stablecoins have seen a significant increase in blockchain settlement volume, with the Solana network performing outstandingly, reaching $650 billion in transfers by 2026. Their applications have expanded to cross-chain settlements, DeFi collateral, and other areas, with market attention on stablecoins becoming increasingly focused on their role as an important payment layer. User engagement has increased, and stablecoins are transforming into the foundational infrastructure for blockchain payments.
GateNews1h ago
Tokenized gold trading explodes: XAUT's weekly trading volume on Solana surpasses $280 million, reigniting interest in the RWA sector
The blockchain real-world asset market is heating up, with tokenized gold Tether Gold (XAUT) experiencing a significant increase in trading volume on the Solana network, with weekly trading exceeding $280 million. As institutional investors participate more, the market demand for tokenized assets is rapidly expanding, indicating that the RWA market may continue to grow in the future.
GateNews2h ago
Last week, SOL spot ETF had a net inflow of $24.05 million, while XRP spot ETF experienced a net outflow of $4.0855 million.
According to Gate News, on March 9th, last week, SOL spot ETF had a net inflow of $24.05 million, mainly contributed by Bitwise ETF BSOL with $33.94 million; XRP spot ETF experienced a net outflow of $4.0855 million. The total assets under management reached $807 million.
GateNews3h ago
