Solana Price Prediction: SOL Drops 8% Despite $4B in DEX Volume — Can Bulls Reclaim $135 Support?
Solana (SOL) skilled an 8% decline, tumbling from a $125.34 each day open to $115.39 lows following macro uncertainties stemming from the Federal Reserve’s decision to maintain interest rates unchanged on the benchmark 4.25–4.50% vary.
Despite the worth decline, at present’s Solana price prediction suggests bulls might mount a restoration towards $135 if the surging decentralized change quantity interprets into constructive momentum for the SOL token.
Solana Surpasses Ethereum, Base, And BNB In DEX Activities
According to data from DefiLlama, Solana recorded the very best on-chain quantity throughout all blockchains in the previous 24 hours, approaching $4 billion, considerably outpacing rival chains together with Ethereum ($1.74B), BNB Chain ($1.68B), and Base community ($1.16B).
Concurrently, lively addresses have elevated considerably, with over 2.7 million lively wallets participating in on-chain interactions this week.
This surge is especially pushed by memecoins, that are displaying renewed indicators of vitality.
The SOL token now must catch up and reprice accordingly.
Over the previous 12 months, the token has declined by virtually 50% and has misplaced significantly extra since reaching its peak of $294 in January final yr.
Analysts at Multicoin Capital consider Solana must be valued at the least double its present $115 value, citing the community’s superior expertise for funds, distinctive consumer expertise, and near-zero transaction charges.
This perspective aligns with latest statements from Solana founder Anatoly Yakovenko in an interview on the Impact Theory present:
“What I care about is that we’re delivering client worth that may be captured by the protocol. Those captures are future money flows.”
Solana Price Prediction: SOL Faces Critical Support Test at $116
The each day SOL/USDT chart displays a market that is still structurally bearish, with latest value motion reinforcing draw back strain somewhat than signaling a confirmed reversal.
Solana is buying and selling round $116–$117 after a pointy rejection from the $133–$135 area, an space now established as key overhead resistance.
This zone aligns intently with the 50-day Exponential Moving Average and prior breakdown construction, indicating that sellers proceed defending rallies aggressively.
From a pattern perspective, value stays firmly beneath the 50-day, 100-day, and 200-day EMAs, all of that are sloping downward.
This transferring common alignment confirms the broader pattern stays bearish, with latest rebounds showing corrective somewhat than impulsive.
The failure to reclaim even the 50-day EMA suggests bullish momentum is weak and lacks follow-through quantity.
The $116 degree represents essential assist and is at the moment being examined. This zone has beforehand functioned as a requirement space, however repeated checks have elevated breakdown threat.
A clear each day shut beneath $116 would possible open the door towards the following assist round $110, and probably decrease if promoting accelerates.
On the upside, any restoration try would want to first reclaim $134 with sturdy quantity to shift short-term construction, which might then expose the $156–162 area as a better restoration goal, although that situation at the moment seems much less possible.
70% APY Staking: Maxi Doge Raises $4.47M as Memecoins Revive
If SOL reclaims the $134 degree and resumes a bullish trajectory, presale tasks like Maxi Doge (MAXI) might appeal to capital from traders pursuing high-ROI alternatives in the increasing memecoin sector.
Maxi Doge represents an early-stage memecoin following the Dogecoin playbook that generated over 10x returns throughout the 2023-2024 breakout cycle.
The presale has established an alpha channel enabling merchants to share methods and concepts, mirroring community-building ways from early Dogecoin days.
The MAXI presale has raised over $4.5 million, providing members 70% annual staking rewards on the present $0.0002801 value level.
Interested traders can take part by visiting the official Maxi Doge website and connecting a crypto DEX pockets like Best Wallet.
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