Nov 10, 2025
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Solana Surpasses $5 Billion in DEX Volume, Outperforming Rivals
Solana's price increased by 5% on November 9, breaking the $165 level for the first time in five days due to significant on-chain activity among DeFi protocols. However, technical indicators suggest a possible short-term reversal as Solana approaches resistance near its 20-day moving average.
- Solana topped decentralized exchange volumes with $5.11 billion, surpassing Ethereum and BNB Chain.
- The total staked Solana increased by 2.9 million SOL ($475 million), reducing short-term supply on exchanges.
- Strategic traders are watching for institutional inflows or macro-driven demand before expecting Solana to break toward $180-$200.
Solana Price Forecast: Potential Reversal
Despite recent gains, Solana's bullish momentum may face resistance below $180. The Breakout Probability indicator suggests a 29% chance of reaching $180, while there's a 62% probability of a pullback towards $150.
- Bollinger Bands show immediate resistance at $180.06 and support at $149.58.
- RSI is at 40.36, indicating potential seller control.
- MACD signals remain bearish with a negative histogram.
- A decisive close above $170 could target $180, while failing to hold $160 risks a retest of $150.
