Surging Social Interest and Growing Demand: Is Solana (SOL) Ready to Soar?

Jakarta, Pintu News – Reporting from BeInCrypto (17/9), Solana (SOL) is currently experiencing a phase of price movement that tends to flatten after spiking up to $249 on Sunday, indicating a temporary pause in price movement.

Interestingly, on-chain data shows that investor-side buying activity remains strong. At the same time, social media conversations about the coin continue to increase, signaling a growing interest and engagement from the community.

SOL Undergoes Consolidation, but New Buyers & Social Buzz Hint at the Next Rally

According to data from Glassnode, the number of unique addresses participating in SOL transactions for the first time increased by 16% in the last seven days.

Read also: BNB Hits All-Time High as Market Cap Soars to $133 Billion — Is the $1,000 Milestone Next?

This increase indicates a new wave of demand for the coin, even though its price movement has tended to stagnate in the last five trading sessions.

An increase in the number of new addresses is a positive (bullish) indicator in the crypto market. The more unique wallets that start storing or trading a token, indicates increased interest in the asset. If this trend continues, it could provide a fundamental underpinning for future SOL price increases.

In addition, SOL’s social dominance has also increased over the past week, indicating that the coin has become more relevant in crypto discussions over that period. Currently, this metric stands at 4.26%.

The social dominance of an asset measures how often it is mentioned on various social media platforms, forums, and news media compared to the overall crypto market. A decrease in social dominance signals a decrease in attention and engagement towards the asset.

Conversely, when social dominance increases as prices rise, it reflects growing interest from retail investors and increased activity. This surge in visibility may strengthen SOL’s price momentum in the short term.

Read also: XRP Price Prediction Soars, Is $4 the Next Target?

Solana’s Bullish Target at $248

As of September 17, the SOL price stood at $235.21. If the underlying buying momentum continues to strengthen, the coin has the potential to rise and test the resistance level at $248.50. If it manages to break that level, a further rally could take the price all the way up to $270.18.

However, if demand weakens and selling pressure persists, SOL risks dropping below the $219.21 support level.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Solana Price Eyes Next Leg Up Amid Growing Social Interest and New Demand. Accessed on September 18, 2025