Solana (SOL) Tests $95–$96 Support Zone: On-Chain DEX Activity vs Altcoin De-Risking

Solana Battles Key Psychological Level

Solana (SOL) pulled back into the $95–$96 support band this week as capital rotated out of high-beta altcoins during the broader crypto market drawdown.

On-Chain Fundamentals vs Price Action

• DEX Volume Leadership: Solana-based decentralized exchanges continue to process high daily transaction counts and low-latency swaps.
• Altcoin ETP Flows: Minor outflows in European and international Solana ETPs mirrored the broader risk-off mood.

Technical Structure

The $90–$95 zone represents a major multi-month horizontal demand block where institutional bids previously stepped in.

Trading Plan

Watch for a reclaim of the $100 psychological handle on rising spot volume to confirm a momentum reversal.