Solana's on-chain activity has hit a low not seen since January 2026, with daily transactions dropping to 79.8 million, according to Artemis. Despite this decline, Solana [SOL] has experienced a 2.4% price increase over the past 24 hours. This divergence raises questions about the sustainability of the current price momentum, as network metrics suggest weakening demand. Market indicators, however, show potential for a short-term rally. The Accumulation/Distribution (A/D) indicator has been trending upward for five consecutive days, indicating sustained buying pressure. Additionally, the Moving Average Convergence Divergence (MACD) is approaching a bullish crossover, which could signal further price gains. If Solana breaks above its descending channel resistance, it may reach the $99 level. Despite short-term weaknesses, Solana's long-term fundamentals remain strong, with a 5% increase in stablecoin supply and a $500 billion surge in DeFi volume in the first quarter. These factors suggest that the current divergence between price and on-chain metrics may be temporary, with potential for realignment if price momentum continues.