Solana Price Prediction: Active Users Signal Big SOL Move

Solana Price Prediction: Active Users Signal Big SOL Move

Alejandro Arrieche

Thu, September 10, 2026 at 5:00 PM GMT+3 3 min read

• SOL-USD +2.82%

Solana (SOL) has been trading relatively range-bound lately, but bulls have managed to defend the $100 psychological threshold ahead of the Federal Reserve's interest rate decision.

The macroeconomic backdrop continues to be challenging for cryptocurrencies, as inflation in the United States is nearly 200 basis points higher than the central bank's target.

Odds of a rate hike in September have now jumped to 62%, up from a recent low of 50%. Meanwhile, the Treasury Department's decision to triple its bond buybacks did little to change the market's cautious attitude.

As a result, the latest crypto rally has stalled, with SOL experiencing a mild 0.7% advance in the past 7 days.

However, an on-chain metric seems to be indicating that a massive price move is about to take place based on historical patterns.

Daily Active Users Indicate Ongoing Positioning for SOL's Next Big Move

Data from Santiment shows that daily active users (DAUs) within the Solana network have been steadily increasing since mid-August, following the release of a set of new rules for the crypto industry by the U.S. Securities and Exchange Commission (SEC).

The market was buoyed by this initiative from the country's top financial regulator, and this piece of on-chain data could be indicating that users are positioning for a strong reaction by the market — even stronger than the one we saw right after the news.

In the past five instances that there has been a crossover between the 30-day and 50-day moving averages for this metric, the price of SOL has experienced strong movements — in both directions.

However, since the market's current bias is bullish, following a breakout above the 200-day exponential moving average (EMA), we expect that the direction of this next move should favor bulls.

That said, there's also the uncertainty associated with the Fed's next interest rate decision. If comments from the head of the central bank are more hawkish than expected, that could derail the rally and prompt a strong decline.

SOL Could Still Dip to $90 Before The Rally Resumes

Turning to the daily chart, we can see that bulls have managed to keep SOL trading above $100. Strong buying pressure at this level indicates that late buyers are accumulating tokens to position for the continuation of this rally.

That said, we could still see Solana dropping back to $90 before resuming its uptrend, especially if liquidity dries up.

This is a key support to watch as it is in confluence with a former area of resistance and the 200-day exponential moving average (EMA). Meanwhile, momentum is still on the side of bulls, even though the Relative Strength Index (RSI) has dipped below 60.

If the rally resumes, we maintain our short-term target of $120 for SOL, implying a 20% upside potential for the token based on where it is trading today.

This article was originally posted on FX Empire

More From FXEMPIRE: