Key Notes
- Solana worth rebounds 5%, reclaiming its $100B market cap amid file DEX buying and selling volumes.
- Solana-hosted perp DEXs course of over $8B in quantity through the liquidation occasion, signaling ecosystem resilience.
- SOL open curiosity climbs 6.9% to $10.2B, reflecting rising bullish reentry expectations.
Solana (SOL) worth rebounded 3% on Sunday, October 8, reaching intraday highs of $190 and reclaiming its $100 billion market cap for the primary time since early September. The restoration follows per week of volatility triggered by U.S. President Donald Trump’s renewed tariffs on China, which sparked record-breaking liquidations throughout world crypto markets.
Solana Price Rebounds Above $190 as DEX Exercise Hits Record $8B
Regardless of the broader downturn, Solana’s decentralized ecosystem confirmed distinctive power. On Saturday, Solana information aggregator information revealed that perpetual DEXs on the Solana community processed over $8 billion in buying and selling quantity through the market crash.
Notably, 4 Solana-based exchanges crossed $1 billion in 24-hour buying and selling quantity, led by Orca ($2.49B), Meteora ($1.7B), and Raydium ($1.5B).
📊Report: Throughout final evening’s large liquidation occasion, @Solana DEXs processed over $8B in buying and selling quantity with @orca_so main at $2.49B. 4 Solana DEXs crossed $1B in 24-hour quantity. pic.twitter.com/BJlG9Epth7
— SolanaFloor (@SolanaFloor) October 11, 2025
Whereas the broader crypto market noticed liquidity outflows, Solana’s DEX ecosystem retained and recycled capital, preserving community worth locked throughout the chain. Elevated transactional depth throughout high-volatility durations usually enhances validator charges and token burn exercise, which can contribute to SOL’s worth stability and sooner rebound relative to rival layer-1 belongings on Sunday.
Solana Derivatives Market Evaluation | Supply: Coinglass
Derivatives buying and selling additionally echoes optimism round Solana’s rebound prospects. Coinglass information exhibits that Solana open curiosity surged 6.9% to $10.2 billion on Sunday, even as costs solely rose 5% to $192. This divergence suggests new lengthy positions are being opened sooner than spot demand, implying leveraged merchants re-entry new positions after record-break compelled liquidations on Friday.
Solana Price Forecast: Can SOL Maintain Momentum Above $200?
Solana’s technical indicators align with bettering on-chain and derivatives information, suggesting that bulls are regularly regaining management. As seen beneath, Solana worth bounced off the decrease Bollinger Band help at $181.6, confirming renewed shopping for curiosity after the market-wide sell-off.
Solana (SOL) Technical Price Evaluation | TradingView
SOL worth has since reclaimed floor towards the mid-Bollinger degree at $213.3, which now acts as the following key resistance zone. A decisive breakout above this midline might open the door towards the higher band at $244.9, aligning with the August swing excessive and serving as a key goal for bulls this week.
In the meantime, the Relative Energy Index (RSI) has risen modestly from oversold ranges close to 41.1 towards the impartial 49.7 mark, signaling that draw back momentum is cooling. Nonetheless, on the draw back, a rejection from the $213 resistance might set off a retest of $181 help.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm data by yourself and seek the advice of with an expert earlier than making any selections based mostly on this content material.
Ibrahim Ajibade is a seasoned analysis analyst with a background in supporting numerous Web3 startups and monetary organizations. He earned his undergraduate diploma in Economics and is at present learning for a Grasp’s in Blockchain and Distributed Ledger Applied sciences on the College of Malta.
