Solana spot trading volume drops below 10 billion dollars

Sharp fall in spot volume

From mid to late 2025, daily spot trading volume on Solana consistently remained above 10 billion dollars, reflecting high investor interest and vigorous price movements during that period. However, in recent months, volumes have steadily decreased, ushering in a quieter scene across Solana exchanges.

The ongoing decline indicates a notable reduction in both buyers and sellers. The vibrancy that once defined the Solana network has given way to stagnation, as investors now appear to be adopting a wait-and-see approach.

After the surge in activity in mid-2025, spot volume on Solana exchanges has fallen rapidly, which represents a marked pullback among both buyers and sellers.

Periods of low volume often create conditions where large orders can trigger sharper price swings. Historically, such sideways market phases are frequently followed by new, higher-volume market trends.

At the moment, the low trading volume does not point to any clear price direction yet. The market data, however, reveals that Solana is in a period of anticipation. Unless trading activity picks back up, a strong price rebound is unlikely.

SOL price stays under critical resistance

The price of Solana (SOL) is currently trading near 87.65 dollars on the daily chart and remains firmly below the key resistance level of 125 dollars. Although this level had acted as a strong support through 2024 and 2025, it has now turned into a major barrier following recent declines.

Should the price approach this region again, increased selling pressure is expected. Investors are paying close attention to movement in the 100 to 125 dollar range.

Current data signals a short-term sideways pattern in the 85 to 90 dollar range. This narrow band was formed after a swift drop from higher levels. Daily closes above 95 to 100 dollars could offer early buy signals.

For a sustained recovery, however, SOL would need to re-enter the 115 to 125 dollar band. Without this, the overall directional trend is likely to remain weak.

Indicators point to indecision

On the daily chart, the MACD indicator is highlighting weaker selling pressure. However, the MACD line is still slightly below the signal line, so a clear buy signal has not developed. Histogram values remain limited and in negative territory.

This setup reveals that while selling has decreased, buyers do not hold a clear upper hand for the time being.

Mini glossary: MACD (Moving Average Convergence Divergence) measures the relationship between two moving averages to observe changes in market momentum. Crossovers with the signal line can offer early indications for buying or selling.

Another key metric, RSI, is at 49.7—an indecisive level for momentum. Sitting close to the average RSI of 54.4, this reading points to neither strong selling nor clear buying dominance in the current market.

Whether Solana can regain momentum will depend on whether spot trading volume rises again. Increased volume would provide the confirmation many investors are seeking for a stronger recovery. Otherwise, resistance levels may continue to pose a challenge for the price.