Solana (SOL) price reclaims above the EMA and surges toward $90, with DEX trading volume reaching a new high

On February 26, news reports that Solana (SOL) experienced a brief weakening but has rebounded strongly. The price successfully stabilized above the EMA band area and once reached $88, with a 24-hour increase of about 7%. In a cautious market sentiment, SOL found solid support around the key $75 level, with bulls continuously defending this position to prevent further decline, indicating increasing buying strength below and that the short-term structure remains intact.

From a technical perspective, SOL has returned above the EMA, signaling that short-term momentum is now tilted toward the buyers. Meanwhile, RSI has rebounded from oversold territory, indicating a phase of technical correction. If the price continues to stay above the EMA, it will provide a solid technical basis for further upward movement; conversely, a break below this moving average could lead the market back into a consolidation phase.

On-chain data also shows positive signs. Over the past 7 days, Solana’s decentralized exchange (DEX) trading volume reached approximately $15.72 billion, ranking first among all public chains, significantly higher than Ethereum’s $11.64 billion and BNB Chain’s $6.21 billion. This data reflects ongoing on-chain liquidity concentration within the Solana ecosystem, with active capital flow, reinforcing its position as a high-performance public chain.

In terms of ecosystem funds, TVL growth shows clear differentiation. The 7-day TVL increase for SuperstateInc and KnightradeTeam reached 97.23% and 96.42%, respectively—almost doubling—indicating substantial capital deployment in key protocols. In contrast, protocols like dflow and etherfuse saw growth between 14% and 19%, while other projects experienced single-digit to moderate increases, suggesting current funds are more focused on leading applications rather than widespread distribution.

Regarding key price levels, $75 has become an important short-term support, while $90 forms a major resistance zone above. If SOL can break through $90 with increased volume, bullish expectations may strengthen further, pushing the price higher. Conversely, if momentum weakens and it falls below around $80, the short-term price could retest the $75 area.

With increased DEX activity, accelerated TVL growth, and technical recovery, the Solana ecosystem’s fundamentals and price trend are improving in tandem. However, the sustainability of this rally depends on whether SOL can maintain above EMA support and effectively break through the $90 resistance, which will be key indicators for short- to medium-term trend direction.