What to know:
- Solana (SOL) price signals a bullish recovery, with improving market sentiment boosting confidence.
- SOL could end its nine-month losing streak, pointing to a potential long-term trend reversal.
- Solana perpetual DEX volume has surpassed $1 billion, reflecting strong demand for on-chain derivatives.
Solana (SOL) is showing signs of a bullish recovery as market sentiment improves after a prolonged downturn. Meanwhile, strong growth in perpetual exchange activity reflects rising demand for on-chain derivatives, reinforcing confidence in Solana’s expanding DeFi ecosystem and supporting expectations of broader network adoption.
At the time of writing, SOL is trading at $74.61 with a 24-hour trading volume of $1.6 billion and a market capitalization of $43.47 billion. Despite the 1.75% loss over the last 24 hours, the Solana price structure and perps growth point to a bullish reversal ahead.
Source: CoinMarketCap
Solana Price Signals Bullish Monthly Reversal
According to the data from Crypot Rank, Solana (SOL) is on track to end a prolonged period of weakness, with July shaping up to become its first positive monthly close since September 2025.
If the token finishes the month in the green, it will break a nine-month streak of consecutive monthly losses, signaling a meaningful shift in long-term market sentiment and renewed investor confidence.
Source: CryptoRank’s X Post
In July alone, SOL is already up by more than 3% so far, making it the strongest indication so far that the bears might not have much stamina left to them. It shows buyers slowly regaining their ground, and traders would certainly keep an eye out on how the month closes out.
Solana Perp DEX Volume Tops $1 Billion
According to the data from Perps on Solana, the perpetuals on the Solana blockchain have crossed the $1 billion mark in daily trading volume, indicating an increasing depth of the derivatives ecosystem on the blockchain network.
This indicates an increased interest from traders due to quick executions, good liquidity, and low costs compared to other competing blockchains.
This increase in trading volumes highlights increasing demand for on-chain perpetual futures and reinforces Solana’s position as one of the top DeFi platforms.
If derivatives trading continues to rise in volume, it may lead to increased adoption of the blockchain, improve liquidity on the Solana protocols, and support ecosystem development in the long run.
Despite the bullish price predictions and Solana perps growth, the Solana price is still moving in a downward direction. This move is also impacted by the cautious environment in the crypto market as the BTC price is moving downward.
What’s Next for Solana?
Solana needs to maintain its momentum until the end of the month for a successful close and prove a larger bullish trend reversal after several months of declining trends.
The perpetual increase in trading via decentralized exchanges might attract more traders and liquidity to the platform and increase the price of the token.
Also Read: Solana Price Turns Bullish as SuperTrend Buy Signal Targets $121 Rally
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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