Solana has rallied to $88, marking a 7% gain amid a decisive defense of the $75 support level. The network is currently dominating weekly decentralized exchange volume with $15.72 billion, significantly outpacing competitors. This activity is supported by aggressive capital inflows into its ecosystem, with several protocols seeing Total Value Locked surge by nearly 100%.
Solana has shown renewed strength after a period of weakness, stabilizing as bulls aggressively defended the $75 zone. This defense signaled that sellers were losing control, shifting attention to whether on-chain strength could justify renewed optimism. Momentum is now rebuilding, evident with SOL valued at $88 following a 7% hike.
Solana commanded trading activity across decentralized exchanges this week. Top 10 Chains by DEX Volume data showed Solana leading at $15.72 billion, followed by Ethereum at $11.64 billion and BNB Chain at $6.21 billion. The clear gap may explain why liquidity has been so aggressively concentrated on Solana’s network.
Total Value Locked growth data reveals sharp inflows into select Solana protocols. Weekly TVL growth figures show SuperstateInc surged 97.23%, while KnightradeTeam followed at 96.42%. These near-100% jumps signaled aggressive capital deployment, leading to renewed conviction inside the ecosystem.
On the price charts, the $75-level held firmly under pressure, allowing SOL to reclaim the $80s with authority. The price moved back above the EMA ribbon and the RSI showed recovery from the oversold zone. Put simply, technical recovery finally mirrored ecosystem expansion.
Despite the shift in momentum, sustainability remains the real test. SOL still needs to clear the $90-resistance convincingly. Should support hold and the $90-level break, momentum could extend further.
