Solana's aggregate token holder net income has held above $400,000 for two consecutive weeks, marking a turnaround after three straight weeks of negative readings, according to on-chain analytics account SolanaFloor. The improvement reflects stronger aggregate net income across both stakers and non-stakers. Separately, SOL is attempting to recover near $109 following a sharp decline, with market attention focused on whether buyers can defend the $107 support level and push the price toward $113–$118, or whether renewed selling pressure will extend the decline.

Solana Holder Net Income Returns to Positive Territory

SolanaFloor reported that aggregate token holder net income has remained above $400,000 over the past two weeks after three consecutive weeks of negative readings. The change signals an improvement in the network's economic performance across both stakers and non-stakers. Source: SolanaFloor's X post

Token holder net income offers insight into the value generated by network activity after accounting for relevant operating costs. As a proof-of-stake network, Solana is among the blockchains where on-chain income metrics of this kind are tracked to gauge network health beyond price alone. Sustained positive readings can indicate improving network economics, although the metric alone cannot establish whether the trend will continue.

The latest turnaround is notable because it follows a period of weaker readings. If Solana maintains positive net income in the coming weeks, it could provide further evidence that the network's economic are stabilizing.

Improving Economics Puts SOL Fundamentals in Focus

The recovery in token holder net income provides a fundamental development to watch alongside SOL's price action. In volatile crypto markets, on-chain economic data is often followed as a complement to technical levels, since price movements by themselves do not reveal whether underlying network activity is strengthening. Network economics can help investors assess whether blockchain activity is generating sustainable value rather than relying exclusively on short-term market sentiment.

However, positive readings over two consecutive weeks do not by themselves constitute a sign of sustained recovery. Traders and investors must observe whether positive net income proves durable and whether network activity continues to reinforce it.

Such a confluence of favorable factors may boost confidence in the market. Alternatively, negative net income readings coupled with price weakness would indicate that the latest improvement does not represent a sustainable trend.

SOL Price Targets $113–$118 After Sharp Decline

SOL is trading close to $109 following a violent selloff, according to a crypto analyst known as BitGuru. BitGuru identifies $107 as the short-term support level likely to influence SOL's subsequent direction. Source: BitGuru's X post

If the SOL price manages to stabilize above $107 and buying pressure starts taking control of the market, bulls may view $113 as their next target, followed by $118. Conversely, a sharp decline through $107 could open the door for additional sellers, which makes the level significant in assessing whether the recent bounce can translate into a broader recovery.

These price levels represent a conditional technical view rather than a prediction that can be made with accuracy. The outcome will depend on the response of the SOL price at the support level and on the strength of buying interest.

BitGuru's technical outlook centers on whether SOL can sustain the $107 level after the recent drop. If buyers manage to regain control, the price could move toward the $113–$118 mark. If SOL moves below $107, however, that bullish case is likely to be impaired, enabling sellers to gain more control. The focus for traders is therefore on how support, buying interest, and the asset's ability to move higher play out.

On a separate note, the positive change in token holder net income adds a fundamental dimension to the technical picture, though both developments would need to continue in tandem for the improvement to be viewed as durable.

What Comes Next for SOL?

Solana's subsequent path depends on whether token holder net income continues to improve and whether SOL remains stable above $107. Additional positive readings could bolster both the improving fundamentals of Solana's network and its technical condition.

For now, $113 and $118 remain possible upside targets if bulls take control, while a break below $107 would diminish that possibility. Watching both network conditions and price movements will be key to determining whether Solana's fundamentals improve amid a market upturn.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.