Solana trades above $220 today after recovering from earlier dip, while analysts are turning their focus to MAGACOIN FINANCE, a fast-rising Solana challenger. With MAGACOIN’s price still under $0.0006 and forecasts suggesting a 15,000% upside after listing, some traders see it as the next big play before 2025.
Solana Price Action Above $220
Solana (SOL) is holding firm above the $220 support zone, showing signs of recovery after its midweek correction. Market watchers say buyers are starting to step back in, targeting a move toward $250, but weaker on-chain activity could slow the pace.
Solana’s Decentralized Finance (DeFi) value has dropped by more than 3% in the past 24 hours, showing a short-term dip in user activity.
At the same time, Solana’s network data from DefiLlama shows a sharp fall in active addresses — from 33 million in May to around 6.2 million this week. Fewer transactions and users mean less pressure on the price to rise quickly.
Still, as long as SOL stays above $220, traders expect it to remain stable, even if progress toward $250 takes longer than expected.
Fewer Transactions Hint at Market Fatigue
Solana’s on-chain data reveals fewer transactions on its network. Weekly transaction numbers have fallen from over 613 million in July to around 173 million this week. That slowdown suggests traders are waiting for a clearer market direction before committing larger positions.
Even so, the token continues to benefit from its reputation as one of the most efficient and scalable blockchains. Analysts say if the broader crypto market strengthens through October, Solana could revisit the $250–$260 zone in the near term.
However, consistent growth may depend on renewed user activity and better sentiment across decentralized apps.
MAGACOIN FINANCE: The Solana Challenger Everyone Is Watching
MAGACOIN FINANCE: The Solana Challenger Everyone Is WatchingAnalysts are now calling MAGACOIN FINANCE a true Solana challenger. Its current price under $0.0006 gives it more room to move, unlike Solana, which is already a multi-billion-dollar coin.
Last month, ASTER token surged from $0.012 to $2.4 — a 12,000% jump — and experts believe MAGACOIN could see a similar rise, possibly reaching $0.09 after exchange listings.
At just about $15 million in market size, this new altcoin has captured traders’ curiosity, with many calling it their “second chance” to catch a huge wave before the next listings go live.
MAGACOIN FINANCE Audit and Compliance
MAGACOIN FINANCE has completed its HashEx audit and maintains KYC compliance, making it one of the safest upcoming projects for 2025.
How Traders Can Position Now
Traders watching Solana’s price can use this calm period to explore faster-moving projects. With MAGACOIN FINANCE priced far lower and backed by verified security, it offers a rare early entry opportunity. Those looking for the next breakout can visit the official MAGACOIN FINANCE platforms to learn more and join early before listings open.
- Website: https://magacoinfinance.com
- X: https://x.com/magacoinfinance
- Telegram: https://t.me/magacoinfinance
