Solana (SOL) Leads Among Top Blockchains by Active Users — Will It Rise Higher?

Key Takeaways

• Solana (SOL) ranks as the second most active blockchain with over 40 million monthly users, highlighting strong on-chain adoption.

• SOL price has gained nearly 17% in the past 30 days, supported by improving market sentiment in 2026.

• The daily chart shows a Bearish Shark harmonic pattern, which still allows room for short-term upside.

• A reclaim of the 50-day moving average could push SOL toward the $166–$178 resistance zone.

• The $166.18 and $178.44 levels mark the potential reversal zone, offering around 23% upside from current prices.

As the cryptocurrency market continues to regain momentum in early 2026, Solana (SOL) is once again standing out as one of the strongest performers among major blockchains. Over the past 30 days, SOL has climbed nearly 17%, and the rally is not being driven by price speculation alone. On-chain data and user activity suggest that the network’s fundamentals are strengthening alongside the recovery.

Source: Coinmarketcap

Top Blockchains by Active Users

Solana is currently ranked as the second most active blockchain, recording around 40.4 million monthly active users, trailing only BNB Chain. This surge in activity highlights growing adoption across DeFi, NFTs, and on-chain applications, reinforcing Solana’s position as a leading Layer-1 ecosystem in the current market cycle.

Top 10 Blockchains By Active Users/Source: @BlokHash (X)

Technical Patterns Hint at Further Upside

From a technical perspective, SOL’s daily chart presents an interesting setup. The price action has formed a Bearish Shark harmonic pattern, a structure often associated with trend exhaustion at its completion point. However, before that reversal zone is reached, the pattern typically allows room for continued upside.

At present, SOL is trading near $144, consolidating just below a critical technical level. A successful reclaim of the 50-day moving average, which sits slightly above the current price, could act as a trigger for the next leg higher.

Solana (SOL) Daily Chart/Coinsprobe (Source: Tradingview)

Based on the harmonic structure visible on the chart, SOL’s price is projected to move toward the $166.18 to $178.44 range, which represents the Potential Reversal Zone (PRZ) of the Shark pattern. These levels align closely with the 0.886 and 1.13 Fibonacci extensions, commonly used to estimate the completion of the pattern’s final “C” leg.

If this scenario plays out, SOL could see an upside move of roughly 23% from current levels, assuming broader market conditions remain supportive.

Importantly, the higher-low structure formed since the December bottom suggests improving momentum, while the steady slope toward the PRZ indicates controlled, healthy buying pressure rather than a parabolic move.

Bottom Line

Solana’s strong user growth, combined with a technically constructive chart setup, places the token in a favorable position as 2026 unfolds. While the Bearish Shark pattern signals caution near the $166–$178 zone, the path toward that level remains open as long as SOL holds above recent support and reclaims its key moving average. For now, Solana appears well-positioned to extend its recovery before facing its next major technical test.

Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.

About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.