Key Notes
- Solana DEX volumes hit $5.11 billion, surpassing Ethereum and BNB Chain in weekend DeFi rotations.
- Over 2.9 million SOL, value $475 million, has been staked since Friday, decreasing the energetic provide.
- Key technical indicators sign resistance close to $180 regardless of sturdy community exercise.
Solana worth noticed 5% positive factors on Sunday, November 9, as heavy on-chain rotations amongst DeFi protocol customers lifted the token above the $165 degree for the primary time in 5 days. Nonetheless, key technical indicators now pose early warning alerts of a possible short-term reversal as SOL approaches key resistance close to the 20-day transferring common.
Solana high #1 in DEX Quantity (final 24h) pic.twitter.com/TCf62gARzM
— Solana Sensei (@SolanaSensei) November 9, 2025
The Solana worth closed above $165 on Sunday, after consolidating beneath this degree since November 5. Its efficiency aligned with the broader market restoration that noticed most high 10-ranked cryptocurrencies submit modest positive factors over the weekend. Bitcoin rose 3% to reclaim $104,000, whereas Ethereum superior 6% to commerce close to $3,900.
Past worth motion, traders demonstrated a choice for Solana in DeFi exercise. Citing Defillama data on Sunday, a group contributor, posting as Solanasensie, highlighted on X that Solana’s decentralized exchanges recorded $5.11 billion in every day volumes, surpassing Ethereum’s $3.8 billion and BNB Chain’s $2.95 billion.
Complete Solana Staked Elevated by 2.9 million SOL ($475 million) | Supply: StakingRewards.com
Spikes in metrics like DEX volumes throughout unsure market phases replicate an intent to rotate capital inside Solana-native DeFi protocols, doubtlessly mitigating market downturns with passive yield moderately than exiting or holding stablecoins.
This helps maintain capital throughout the ecosystem, as affirmed by Solana’s current staking knowledge. Between Friday and Sunday, the entire SOL stake elevated from 414.5 million to 417.4 million, in keeping with StakingRewards.
The two.9 million SOL staking surge briefly reduces short-term provide on exchanges, which may insulate Solana worth in opposition to sharp short-term drawdowns within the coming week.
Strategic merchants will look out for contemporary institutional inflows or a macro-driven demand catalyst earlier than coming into massive bets on a convincing Solana worth breakout in the direction of the $180 to $200 territories within the week forward
Solana Worth Forecast: 62% Reversal Chance Caps Rally Beneath $180 Resistance
Solana (SOL) skilled a constructive weekend efficiency, reclaiming the $165 degree after 5 days of consolidation. Nonetheless, technical indicators on the every day chart recommend that whereas bullish momentum is constructing, the restoration could face resistance earlier than breaching the $180 mark.
In accordance with the Breakout Chance (Expo) indicator, Solana at the moment holds a 29% probability of a bullish breakout towards $180, whereas the draw back chance stays greater at 62%, signaling a possible early pullback towards the $150 assist zone.
The Bollinger Bands (BB 20 SMA) point out tightening volatility, with the center band at $180.06 performing as instant resistance and the decrease band at $149.58 offering short-term assist.
Solana (SOL) worth forecast | Supply: TradingView
Momentum alerts reinforce this cautious outlook. The RSI (14) stands at 40.36, marginally above the oversold territories, suggesting that Solana remains to be in a fragile zone the place sellers could regain management. In the meantime, the MACD (12, 26) stays in bearish territory, printing unfavorable histogram bars with the sign line at -9.24 and MACD line at -10.92, confirming that promoting strain, although lowered, has but to reverse convincingly.
Profitability metrics additionally reveal a reasonable bias towards consolidation. The win-to-loss ratio of 1,307 to 733, translating to 64.07% profitability, helps a near-term rebound situation however warns that positive factors could also be restricted till elevated spot volumes assist Solana’s on-chain exercise.
If Solana closes decisively above $170 on sturdy every day quantity, the following goal lies close to $180, coinciding with the Bollinger midpoint. Conversely, failing to carry $160 may set off a retest of $150, marked by the decrease Bollinger band.
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 circumstances can change quickly, we encourage you to confirm data by yourself and seek the advice of with knowledgeable earlier than making any choices primarily based on this content material.
Ibrahim Ajibade is a seasoned analysis analyst with a background in supporting varied Web3 startups and monetary organizations. He earned his undergraduate diploma in Economics and is at the moment learning for a Grasp’s in Blockchain and Distributed Ledger Applied sciences on the College of Malta.
