Key Insights
- Solana DEX volumes surpassed $5.11B, overtaking Ethereum and BNB Chain in weekend trading activity.
- Over 2.9M SOL ($475M) was staked this weekend, reducing short-term supply on exchanges.
- Solana price rose 5% to $165, supported by ETF inflows and a short-term bullish reversal signal.
Solana has shown strong performance this weekend as DEX volumes exceeded $5 billion, pushing the token above $165 for the first time in five days. The surge comes amid growing staking activity and renewed interest in Solana-native protocols.
Solana DEX Volumes Exceed Rivals
Solana recorded $5.11 billion in daily DEX volumes, surpassing Ethereum’s $3.8 billion and BNB Chain’s $2.95 billion. This surge reflects active capital rotation within Solana DeFi protocols rather than exits to stablecoins.
https://x.com/SolanaSensei/status/1987496906189402117?s=20
Community contributor Solanasensie shared that this level of activity demonstrates strong user engagement in Solana networks. Investors are increasingly moving funds into Solana DEX platforms for passive yield opportunities, maintaining liquidity within the ecosystem.
Price Recovery and Technical Indicators
Solana price gained 5% on Sunday, reaching $165 after five days of consolidation below this level. Technical indicators suggest resistance near $180, while support levels remain at $150, limiting short-term upside.
The RSI stands at 40.36, indicating fragile bullish momentum, while the MACD remains slightly negative. Profitability metrics show a win-to-loss ratio of 1,307 to 733, suggesting moderate near-term gains for traders.
Analyst Ali Martinez noted that the TD Sequential buy signal may indicate weakening selling pressure and potential upward movement. If Solana closes above $170 on strong volume, the token could target $180 in the week ahead.
SOL/TetherUS | Source: Ali_Charts/X
Solana Staking and Institutional Activity
Staking activity also rose substantially, with 2.9 million SOL ($475 million) added between Friday and Sunday. The increase reduces short-term token supply on exchanges, supporting price stability and mitigating sharp pullbacks.
Institutional interest in Solana ETFs contributed to weekend gains, with $137 million flowing into spot ETFs. This contrasts with Bitcoin and Ethereum, which experienced outflows of $1.22 billion and $508 million, respectively, highlighting Solana’s appeal.
Lower timeframe analysis indicates Solana has broken resistance near $160–$165, confirming a short-term reversal structure. Sustaining price above $165 may strengthen bullish momentum and encourage further capital inflows into Solana.
