Key notes
- Solana’s price rebounded 5%, regaining its $100 billion market cap amid record trading volumes on the DEX.
- DEX platforms hosted by Solana processed over $8 billion in volume during the liquidation event, indicating the resilience of the ecosystem.
- Open interest on SOL rose 6.9% to $10.2 billion, reflecting higher bullish reentry expectations.
Solana (SOL) price rebounded 3% on Sunday, October 8, reaching intraday highs of $190 and regaining its $100 billion market cap for the first time since early September. The rebound comes after a week of volatility caused by US President Donald Trump’s renewed tariffs on China, which led to record liquidations across global cryptocurrency markets.
Solana price rose above $190 as DEX activity reached a record high of $8 billion
Despite the broader downturn, Solana’s decentralized ecosystem has shown exceptional strength. On Saturday, Solana News Aggregator data revealed that permanent DEX operations on the Solana network processed over $8 billion in trading volume during the market crash.
It is worth noting that four Solana based exchanges 24-hour trading volume exceeded $1 billion, led by Orca ($2.49 billion), Meteora ($1.7 billion), and Raydium ($1.5 billion).
Report: During last night’s huge elimination event, @Solana DEXs have processed over $8 billion in trading volume with @orca_so Leading at $2.49 billion. Four of the Solana DEXs exceeded $1 billion in 24-hour trading volume. pic.twitter.com/BJlG9Epth7
– Solana Floor (@SolanaFloor) October 11, 2025
While the broader cryptocurrency market saw liquidity outflows, Solana’s DEX ecosystem retained and recycled capital, keeping the network’s value locked within the chain. Increased transaction density during periods of high volatility often leads to enhanced validator fees and token burning activity, which may contribute to SOL price stability and a faster recovery compared to competing Tier 1 assets on Sunday.
Solana Derivatives Market Analysis | Source: Coinglas
Derivatives trading also reflects optimism about Solana’s recovery prospects. Coinglass data shows that Solana’s open interest rose 6.9% to $10.2 billion on Sunday, even as prices rose just 5% to $192. This divergence indicates that new long positions are being opened faster than spot demand, implying that leveraged traders are returning to new positions after Friday’s record-breaking forced liquidations.
Solana Price Forecast: Can SOL maintain momentum above $200?
Solana’s technical indicators are consistent with improving on-chain and derivatives data, indicating that the bulls are gradually regaining control. As shown below, Solana price has rebounded from the lower Bollinger Band support at $181.6, confirming renewed buying interest following a market-wide sell-off.
Solana (SOL) price technical analysis | TradingView
SOL price has since regained ground towards the mid-Bollinger level at $213.3, which now acts as the next major resistance area. A decisive break above this midline could open the door towards the upper range at $244.9, which would be in line with the August high and serve as a key target for the bulls this week.
Meanwhile, the Relative Strength Index (RSI) has risen modestly from oversold levels near 41.1 towards the neutral mark of 49.7, suggesting that the bearish momentum is subsiding. However, on the downside, a rejection from the $213 resistance level could lead to a retest of the support at $181.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is an experienced research analyst with a background in supporting several startups and financial institutions in the Web3 space. He has his undergraduate degree in Economics and is currently studying for a Masters in Blockchain and Distributed Ledger Technologies at the University of Malta.
The post Solana Price Forecast: SOL Dexs Pull Record $8B Volumes as Bulls Target $200 Recovery first appeared on Investorempires.com.
