Solana Price Breaks Descending Trendline as Network Activity Hits All-Time High

Key Insights

• Solana (SOL) crypto price moved higher on Sept. 19 as the token broke above a long-term descending trendline.
• Solana network activity hit a record, with monthly on-chain transactions surpassing 5 billion for the first time.
• The two developments occurred within the same 24-hour window, highlighting stronger network activity alongside the technical move.

Solana price climbed higher on Sept. 19 as network activity hit a record level and technical analysts noted a breakout above a long-term descending trendline.

The two developments occurred within the same 24-hour window and added another data point to the market’s view of the blockchain.

Transactions on the blockchain exceeded 5 billion for the first time in monthly trading, according to SolanaNews.sol.

Network traffic has grown consistently throughout 2026, and the latest reading crossed a threshold the blockchain had not seen before.

At the same time, Master of Crypto highlighted a technical shift on the SOL chart. The analyst stated that SOL has broken above a long-term descending trendline after bouncing from the lower side of the structure.

“If the weekly breakout holds, $125, $150 and $180 could be the next levels to watch,” the account posted. The next few candles, the analysis added, will be important.