Crypto: Solana targets $ 1,000 despite a half -mast activity

While Bitcoin and Ethereum occupy the front of the stage, Solana (soil) is discreetly imposed as the new asset to monitor. Carried by powerful technical signals and record interest in the derivative markets, the crypto is now awarded a target to $ 1,000. However, behind this upward dynamic hides a paradox: real activity on the network collapses. Between speculative excitement and on-chain shortness of breath, Solana intrigues as much as she questions.

Technical figures with high bull potential

The recent outbreak of the Solana course is no coincidence. Indeed, the weekly ground graphic poster Particularly marked bullish megaphone training, often heralding parabolic movements.

This configuration could theoretically project the price up to $ 1,057, an increase of almost 400 % compared to current levels. Another key figure observed by analysts is that of “Cup-And-Handle”already validated with a break above the $ 160 line, which confirms the hypothesis of a pursuit of the rally.

The Trader Gally Sama summed up the situation on the social network X: “The objective remains $ 1,000 for the ground as soon as we get out of this consolidation zone”evoking a bullish configuration of several months whose scope could extend far beyond summer.

https://twitter.com/hdchating/status/19628919353308167

Concretely, several technical indicators Side this upward thesis:

• The RSI (relative Strength Index) has gone from 49 to 61 since early August, reporting a boost of the buyer momentum;

• The threshold of $ 160, corresponding to the output of the figure “Cup-And-Handle”was crossed, validating the configuration;

• The $ 210 zone at $ 250 is the next major resistance to be crossed to confirm the movement;

• A break above $ 330, the upper limit of the megaphone, could open the way to a price discovery scenario;

• The projected technical targets are between $ 1,030 and $ 1,057, depending on the measures from chartist figures and fibonacci trace.

These technical elements, although powerful on paper, still require confirmation by the market. The price of the crypto will have to cross the levels mentioned with conviction and volume so that the four -digit bullish scenario gains credibility.

A speculative enthusiasm out of step with the network activity

If the technical context seems to be aligned in favor of a large -scale bullish rally, the fundamentals of the Solana network deliver a much more nuanced diagnosis. Open interest on soil term contracts reaches $ 13.68 billion.

They testify to a massive craze of crypto investors in the derivative markets. This figure reflects strong speculation, potentially fueled by the anticipation of institutional investment products such as ETFs, but also by the recent update Alpenglow, approved at 98.27 %.

The latter has considerably improved network performance, reducing the purpose of transactions from 12.8 seconds to 150 milliseconds, and by bringing the theoretical speed to 107,540 transactions per second (TPS).

However, behind these impressive data, real activity on the network shows disturbing slowdown signs. Over the past 30 days, the total number of Solana transactions dropped by 99 %, while the number of active addresses fell 22 %.

In terms of decentralized finance (DEFI), the observation is similar. The weekly volume on the Dex of the Solana ecosystem fell 65 %, or 10.67 billion dollars. As a comparison, Ethereum saw its transactions grow by 39 % over the same period. This imbalance between the increase in the price and the decline in the we-chain activity could question the sustainability of the current movement.

Even if the asset remains behind, this accumulation of advances reveals a potential for redeploying the network, beyond speculative cycles. If the fundamentals align permanently with price expectations, Solana could reach new heights, but redefine its strategic positioning in the crypto ecosystem.