Solana's price remains steady near $220, even as daily transactions on the network have halved. On-chain data reveals a decline in transaction volume from $125 million on July 24 to approximately $64 million. Analysts attribute the price stability to market sentiment and speculative activity, rather than organic demand. Despite the transaction drop, whale accumulation and potential spot ETF approvals are considered positive influences on Solana's outlook. Technical analysis indicates the 50-day moving average is providing support above $217, with the RSI at 46, suggesting neutral momentum.