Solana Price Prediction: SOL Plunges 8% Despite $4B DEX Volume Surge — Will Bulls Defend $135?

Solana just took a gut punch—an 8% nosedive that left traders scrambling. The twist? It happened while the network processed a staggering $4 billion in DEX volume. Something doesn't add up.

The $135 Line in the Sand

All eyes are now locked on that $135 level. It's more than just a number; it's the last major support zone before things could get ugly. If bulls can't muster a defense here, the floodgates might open. The sheer volume suggests massive activity, yet the price action screams distribution. Someone's selling into strength—a classic Wall Street move, just with crypto wallets.

Volume vs. Value: The Crypto Conundrum

This divergence is the real story. Four billion in trades should signal rampant demand, not a sell-off. It exposes the perennial crypto theater: high activity doesn't always mean genuine buying pressure. Sometimes, it's just a high-speed game of hot potato before the music stops. Remember, in traditional finance, they'd call this 'churning'—but here, it's just another Tuesday.

Can the Rally Reboot?

The bull case isn't dead. That colossal volume proves the network's utility is firing on all cylinders. If this is a shakeout—a brutal flush of weak hands—then reclaiming $135 could launch a fierce counter-punch. The momentum is there, lurking in the on-chain data. But sentiment is fragile. It needs a catalyst, a spark to turn that transactional energy into sustained buying.

The bottom line? Solana's fundamentals are shouting, but its price is whispering. The battle for $135 will decide whether this is a healthy correction or the start of a deeper winter. Watch that level like a hawk. After all, in crypto, 'support' is just a polite term for a hope-filled line on a chart—until it isn't.

Solana Surpasses Ethereum, Base, And BNB In DEX Activities

According to data from DefiLlama, solana recorded the highest on-chain volume across all blockchains in the past 24 hours, approaching $4 billion, significantly outpacing rival chains including

Concurrently, active addresses have increased substantially, with over 2.7 million active wallets engaging in on-chain interactions this week.

This surge is particularly driven by memecoins, which are displaying renewed signs of vitality.

Since the October lows, memecoin activity has exploded.

Solana launchpad tokens went from 113,772 to 239,127

– That’s roughly +110%.

Launchpad graduations climbed from 575 to 1,796

– That’s around +212%.

Creation is up. Graduations are up even more.

Now fr, are memecoins… pic.twitter.com/U4Q0vr7oyQ

The SOL token now needs to catch up and reprice accordingly.

Over the past 12 months, the token has declined by almost 50% and has lost considerably more since reaching its peak of $294 in January last year.

Analysts at Multicoin Capital believe Solana should be valued at least double its current $115 price, citing the network’s superior technology for payments, exceptional user experience, and near-zero transaction fees.

This perspective aligns with recent statements from Solana founder Anatoly Yakovenko in an interview on the Impact Theory show:

“What I care about is that we’re delivering consumer value that can be captured by the protocol. Those captures are future cash flows.”

Solana Price Prediction: SOL Faces Critical Support Test at $116

The daily SOL/USDT chart reflects a market that remains structurally bearish, with recent price action reinforcing downside pressure rather than signaling a confirmed reversal.

Solana is trading around $116–$117 after a sharp rejection from the $133–$135 region, an area now established as key overhead resistance.

This zone aligns closely with the 50-day Exponential Moving Average and prior breakdown structure, indicating that sellers continue defending rallies aggressively.

From a trend perspective, price remains firmly below the 50-day, 100-day, and 200-day EMAs, all of which are sloping downward.

This moving average alignment confirms the broader trend remains bearish, with recent rebounds appearing corrective rather than impulsive.

The failure to reclaim even the 50-day EMA suggests bullish momentum is weak and lacks follow-through volume.

The $116 level represents critical support and is currently being tested. This zone has previously functioned as a demand area, but repeated tests have increased breakdown risk.

A clean daily close below $116 WOULD likely open the door toward the next, and potentially lower if selling accelerates.

On the upside, any recovery attempt would need to first reclaim $134 with strong volume to shift short-term structure, which could then expose theas a higher recovery target, though that scenario currently appears less probable.

70% APY Staking: Maxi Doge Raises $4.47M as Memecoins Revive

If SOL reclaims the $134 level and resumes a bullish trajectory, presale projects like Maxi DOGE (MAXI) could attract capital from investors pursuing high-ROI opportunities in the expanding memecoin sector.

Maxi Doge represents an early-stage memecoin following the Dogecoin playbook that generated over 10x returns during the 2023-2024 breakout cycle.

The presale has established an alpha channel enabling traders to share strategies and ideas, mirroring community-building tactics from early dogecoin days.

The MAXI presale has raised over $4.5 million, offering participants 70% annual staking rewards at the currentprice point.

Interested investors can participate by visiting the official Maxi Doge website and connecting a crypto DEX wallet like Best Wallet.

You can purchase $MAXI tokens using USDT, ETH, or a direct bank card for immediate access.