Solana added 1.60 million new addresses to its network over the past two weeks, according to data shared by Ali Charts. The network's total address count rose from approximately 6.8 million in late June to around 8.6 million in early July, signaling accelerated user participation. Concurrently, SOL is maintaining a short-term uptrend with the $86-$94 resistance zone in focus if buying momentum persists. The surge in new addresses reflects rising user interest and broader activity across the Solana ecosystem, supporting the bullish case when combined with improving market structure. Analysts are monitoring whether elevated address growth will sustain as traders position for the next major move in SOL.
Solana Network Adds 1.60 Million Addresses in Two Weeks
Solana's total address count climbed steadily from late June into early July, moving from around 6.8 million addresses toward the 8.6 million area, according to a chart shared by Ali Charts citing Glassnode data. The addition of 1.60 million new addresses in the past two weeks indicates that activity extends beyond price action into measurable on-chain growth.
New addresses can signal rising user interest, stronger network participation and broader activity across the Solana ecosystem. Ali Charts noted that the influx of 1.60 million addresses over the two-week period suggests network expansion is underway. Strong address growth does not guarantee a price breakout, but it can support the bullish case when it appears alongside improving market structure, higher usage and stronger demand.
SOL Holds Short-Term Uptrend Toward $86-$94 Resistance
SOL continues to hold its short-term uptrend, with analyst More Crypto Online stating there is no clear sign that a local top has formed. The Elliott Wave setup points to possible targets near $85.81, $88.79 and $93.95 if momentum continues, according to a 1-hour chart shared by More Crypto Online on TradingView.
The chart shows SOL moving higher from its June lows while maintaining a short-term bullish wave structure. Key support areas sit near $80.38, followed by $78.22 and $76.52. Holding these levels would keep the short-term uptrend intact. A deeper pullback would bring the $71.17-$64.68 zone back into focus, which would weaken the short-term setup but may still fit a larger corrective structure.
More Crypto Online emphasized that SOL needs to hold its higher-low structure to keep the bullish wave count alive. The $86-$94 resistance zone remains the next area of focus if buyers stay in control.
FAQ
How many new addresses joined the Solana network in the past two weeks?
1.60 million new addresses joined the Solana network over the past two weeks, according to data shared by Ali Charts. The network's total address count rose from approximately 6.8 million in late June to around 8.6 million in early July.
What are the key resistance and support levels for SOL?
Analyst More Crypto Online identified possible resistance targets near $85.81, $88.79 and $93.95. Key support areas sit near $80.38, $78.22 and $76.52. A deeper pullback would bring the $71.17-$64.68 zone into focus.
