Solana DEX volume crosses $100B: What’s next for SOL prices?

November brought huge success for Solana, with DEX trading volume surpassing $100 billion. The network also achieved 11 billion transactions this year, proving rapid adoption and unmatched speed. Meanwhile, SOL trades at $240.77, reflecting a 2.58% dip in 24 hours.

Can Solana Hold Key Price Levels?

SOL’s price remains strong despite recent pullbacks. Bollinger Bands show resistance at $267.68 and critical support at $225.11. The Relative Strength Index sits at 71.67, indicating consolidation after overbought conditions. 

A break below $225 could push prices toward $182.53. Holding this level, however, could spark another rally toward $267. This $225 zone will likely determine the next major move for SOL.

Growth and Market Optimism Support SOL’s Future

Solana’s progress extends beyond price. Developers continue improving the Solana network, with activity levels steady at 20.81. This consistent work highlights long-term commitment to ecosystem growth. Trader confidence remains high. 

On November 25, liquidations hit $10.47 million for long positions compared to $1.17 million for shorts. 

This shows most market participants expect SOL to recover and test previous highs. 

Surpassing $100 billion in DEX volume reflects the network's growing influence in decentralized finance. 

Developer efforts and strong adoption provide a solid foundation for long-term success. 

Maintaining $225 as support could lead to a rally back toward $267 and beyond. However, failure to hold that level might result in a deeper correction. Overall, steady growth and bullish sentiment suggest Solana remains well-positioned for future gains.