Solana's Daily Address Growth Indicates Rising Adoption Amid Price Challenges

Solana has witnessed a significant increase in daily addresses, with approximately 10.2 million new additions, indicating growing adoption. According to NS3.AI, despite this surge in user activity, Solana's price remains stagnant, holding support near $115. The cryptocurrency is currently trading within a bullish descending broadening wedge pattern. However, negative ETF flows and the inability to surpass the $123 resistance level may hinder upward momentum and extend the period of consolidation.