SOL rose on Tuesday as traders spotted early signs of a trend reversal, pushing the token back towards a major resistance area.
Solana traded It has rebounded from the noted support level to near $136 across major exchanges.
Analysts said the move was seen as a short-term reversal, supported by strong activity in derivatives markets.
The market was under pressure for much of November, and SOL followed suit. However, the positioning is now recovering again.
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Do rising DEX and Perp volumes indicate growing confidence in Solana?
coin glass data shows that futures open interest is approximately $7 billion and 24-hour futures volume is approximately $19 billion. The daily volume of spot trading also exceeded $1 billion.
These numbers indicate that traders are resuming activity after several days of slow and volatile trading.
Now that SOL has regained the mid-$130s, all eyes are on whether it can push toward the next resistance zone.
According to DeFiLlama data, the network has approximately $8.878 billion in total locks, indicating that liquidity across major protocols remains undiminished.
Solana’s 24-hour DEX trading volume is close to $1.795 billion, with perpetual futures approaching $1.869 billion. Taken together, these numbers indicate stable usage of Solana’s spot and derivatives markets.
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Solana Price Prediction: How high can SOL go if it clears the $155 resistance?
The network is also trying to find its footing after a long period of sales. Analyst Daan Crypto shared a chart outlining the levels traders are watching. “SOL is in a big slump, but some SOL memes are starting to show signs of life, and SOL maintains high timeframe support, so they caught my attention,” he said.
His chart shows Solana putting pressure on a key support area that has held many times in the past. And although momentum has slowed, continued activity across DEXs and PERPs suggests traders are not retreating.
On the 3-day chart, SOL has slipped into a broad high timeframe demand zone between $118 and $130. The region experienced several strong rebounds in 2024 and early 2025.
After the sharp decline, the price is currently holding just above this green support block, indicating that buyers are stepping in to protect the level for now.
SOL was denied from this zone during the recent pullback, but a clean return above it will change momentum and open the next leg higher.
Beyond $145, the next clear resistance is near $155. This level coincides with another volume cluster and the white dotted line on the Daan chart. He says if SOL closes above this zone, “the ~$155 area will be next.”
The overall trend remains weak, but the first signs of support are starting to appear.
These small reactions do not yet confirm a complete change, but leave room for a possible rebound in the coming weeks.
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