Solana Retests Long-Term Support Trendline as Network Activity Declines

• Solana approaches a multi-year support trendline that previously fueled rallies of up to 161% from early 2023 lows.

• On-chain activity has declined, with active users dropping from 7–9 million peaks to around 3 million recently.

• DEX volumes on platforms like Jupiter and Raydium have eased by significant margins, alongside a slide in total value locked (TVL), highlighting reduced network liquidity.

Discover how Solana $SOL tests critical support amid declining activity in 2025. Analyze price trends, on-chain metrics, and potential rebounds—stay informed on crypto market shifts today.

What is Solana’s Current Support Trendline and Its Historical Significance?

Solana’s support trendline represents a foundational ascending line on its long-term chart, originating from early 2023 lows and guiding the asset’s recovery path. This level has consistently acted as a buying zone, triggering rebounds such as a 161% surge after the initial touch and a 77% lift in mid-2023. As SOL nears this zone again in late 2025, it underscores a potential pivot point amid broader market pressures.

How Have On-Chain Metrics Influenced Solana’s Price Behavior?

Solana’s on-chain metrics reveal a cooling network amid the latest pullback. Active addresses have fallen to approximately 3 million from earlier highs of 7–9 million, according to data from blockchain analytics platforms. This decline correlates with reduced decentralized exchange (DEX) volumes on key protocols like Jupiter and Raydium, where trading activity has slowed notably due to waning memecoin enthusiasm.

Total value locked (TVL) in the Solana ecosystem has also trended downward, dropping by over 20% in recent months as capital rotates elsewhere. Expert analyst Ali from charting communities emphasizes that such metrics often precede price stabilization or further corrections, noting, “When user participation dips, Solana’s high-speed network loses some of its edge, but history shows quick recoveries on renewed inflows.”

Supporting this, reports from firms like Messari indicate that Solana’s transaction throughput remains robust at over 2,000 TPS, yet the value per transaction has decreased, reflecting a shift toward lower-stakes activity. These factors combine to pressure the support trendline, with the Relative Strength Index (RSI) hovering near oversold territory at around 35, signaling potential exhaustion among sellers.

Frequently Asked Questions

What factors are driving Solana’s approach to the $121–$128 support zone?

Several interconnected elements are pushing Solana toward this support band, including Bitcoin’s drop below $86,000, which has dragged altcoins lower, and Ethereum’s retreat near $2,800. On-chain data shows declining user engagement and DEX volumes, exacerbated by broader market volatility and reduced memecoin trading, positioning SOL for a critical test of this historical level.

Will Solana rebound from its long-term support trendline like in previous years?

Solana has a track record of strong recoveries from this trendline, with past retests leading to gains of 77% to 161%. While current conditions mirror those scenarios—such as cooling activity followed by inflows—renewed user participation and liquidity could spark a similar bounce, though market-wide pressures add caution for 2025 dynamics.

Key Takeaways

• Historical Resilience: The ascending support trendline has defended Solana multiple times since 2023, often igniting multi-month uptrends upon successful retests.
• Declining Metrics: Active users at 3 million and easing DEX volumes highlight a temporary lull, but Solana’s infrastructure supports rapid resurgence with positive catalysts.
• Watch for Liquidity Shifts: Monitor on-chain inflows and RSI levels; a break above $130 could signal stabilization, while a drop to $100 warrants caution for investors.

Conclusion

In summary, Solana’s retest of its long-term support trendline amid declining on-chain activity and DEX volumes marks a defining moment for the asset in 2025. With historical precedents favoring rebounds and metrics poised for potential recovery, the network’s high-performance foundation positions it well for renewed momentum. Investors should track liquidity trends closely, as positive shifts could propel SOL toward fresh highs—consider monitoring ecosystem developments for timely opportunities.

Solana returns to a long-term support trendline as user activity, DEX volume, and liquidity ease, placing focus on its next market direction.

• Solana is retesting a long-term ascending support trendline that previously triggered major rebounds, drawing market attention to current price behavior.
• On-chain metrics show reduced user activity and cooling DEX volumes, reflecting a shift in network engagement during the latest market pullback phase.
• The asset trades within the $121–$128 support area as analysts track liquidity changes and the possibility of renewed activity across the ecosystem.

Solana $SOL is reaching another key longer-term Support Level as pressure from the market continues to mount. As the price approaches the upwardly sloping trendline that has acted as a support line for Solana’s overall recovery from early 2023, this also serves as an indication of where we are headed next.

Long-Term Structure Tested by Renewed Downside Pressure

Solana continues to hover above a rising support trendline that has shaped its broader bullish trajectory for nearly two years. According to analyst Ali, this structure previously generated strong rebounds after major retests. The early-2023 touch produced a 161% move, while the mid-2023 retest lifted the asset by about 77%.

The ongoing 2024–2025 pullback has brought price action back toward the $125–$140 region, where the trendline still holds. The current weekly candle leans lower, yet the structure remains intact. Market watchers view this area as a point where buyers typically attempt to regain control.

History shows that Solana has responded sharply to this trendline, creating multi-month expansions when buyers defended the level. The present approach resembles past tests, though broader market pressure adds uncertainty.

New Market Conditions Reduce Activity Across the Network

Market conditions have shifted as Bitcoin volatility pushed major assets lower. Analyst Vlad Anderson reported that BTC dropped under $86,000, sending ETH near $2,800 and pulling Solana below $130. However, the situation extends beyond price correlation.

He noted that on-chain participation has cooled. Active users decreased to roughly 3 million after reaching 7–9 million earlier in the year. DEX volumes across platforms such as Jupiter and Raydium also eased as memecoin trading slowed across the network.

The network’s TVL has continued to slide, signaling reduced capital presence. Combined, these factors show that Solana faces more than short-term volatility. Momentum across activity metrics has weakened, placing additional pressure on the current support range.

Solana Holds Key Level as Liquidity Declines

Solana is now trading within the $121–$128 support band that forms the lower area of the broader trendline zone. Vlad Anderson noted that the RSI has been trending downward, reflecting softer buyer strength. Liquidity conditions have also thinned, increasing the chance of extended downside movement.

A deeper move toward $100 remains possible if sellers gain control. However, Solana has previously recovered when user activity improved. Renewed participation in DEX trading, higher user counts, or rising memecoin flows often change sentiment quickly.

For now, the chart and on-chain conditions place Solana at a pivotal moment. The response at this support trendline may determine whether the asset stabilizes or moves into a broader corrective phase.