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Solana processes over 50% of daily crypto transactions, nearing key price support at $100-$118.

Technical Signals
12 Oct 2026
Zycrypto
View Source
Neutral
Solana processes over 50% of daily crypto transactions, nearing key price support at $100-$118.

Solana has dominated blockchain activity by handling more than half of all daily cryptocurrency transactions for the past five months, even processing twice as many as other major chains combined. This surge highlights strong demand and Solana's capacity for high transaction volumes. On the price front, Solana is approaching a critical support zone between $100 and $118; holding this range could sustain its bullish trend, while a breakdown might trigger a deeper correction. Additionally, the launch of Shiba Inu on Solana has boosted trading volume by 199%, signaling increased user interest and liquidity on the network.

Solana trades at Rp1.992.718 with a 2.05% gain on Pluang as of Oct 12, 2026 18:02 WIB, showing strong investor interest alongside its blockchain dominance. The platform records a robust 24-hour trading volume of Rp40,42 trillion for SOL, supporting the network's high transaction activity mentioned in the news. Meanwhile, Shiba Inu also sees active trading with a price of Rp0,0971 and a 24-hour volume of Rp844,64 billion, reflecting the increased liquidity from its launch on Solana.

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