Solana (SOL) is eyeing a price target of $145 as its exponential moving averages (EMAs) reach their highest levels since July 2025, indicating robust market strength. Currently trading around $141.58, Solana's price action has been buoyed by positive market sentiment following a two-month consolidation period. Analysts suggest a potential breakout could propel the price further. Despite the bullish sentiment, on-chain data presents a mixed picture. New weekly wallet creation has plummeted from 30.2 million in November to 7.3 million, raising concerns about the sustainability of Solana's network growth. While traders remain optimistic about short-term gains, the decline in wallet creation suggests that long-term network expansion is crucial for maintaining momentum.