Solana Holds $100 as Solana DEX Fees Surge
Solana (SOL)
Editor:
Eugene Serbin
bitcoinethereumnews.com reported that Solana price sits at $99.95 on September 11, 2026, technically above its medium-term moving averages but capped just under the psychological $100 mark. The daily trend structure remains bullish with the EMA20 at $99.14 above the EMA50 at $91.15 and the EMA200 at $89.22. However, momentum is fading as the MACD line at 4.02 sits below the signal line at 5.31, creating a negative histogram of -1.29.
Bitcoin dominance remains elevated at roughly 58.5%, signaling capital rotation toward safety rather than chasing altcoin beta. Solana holds around 2.2% of total crypto market cap, caught between strong on-chain fundamentals and macro risk-off flows. Daily ATR14 is at 4.21, confirming volatility is present but not extreme.
On the 1-hour chart, the regime flips to neutral with an inverted EMA stack where the EMA20 sits below the EMA50 and EMA200. Despite the technical friction, Solana-based decentralized exchanges show real fee growth, with Raydium AMM fees up 161.16% over 7 days and 278.4% over 30 days. Orca DEX posted a 30-day fee increase of 88.48%, reflecting genuine usage rather than pure speculation. HumidiFi’s 7-day fee change of over 2,000% stands out, though this spike often reflects a low base rather than a sustainable trend.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 11 September 2026. Not the outlet's figures.
Whalio data shows Solana trading at $98.67, indicating a slight decline from the reported levels. The 1-hour buy ratio stands at 50.8% and the 4-hour buy ratio is 50.7%, both showing balanced buying pressure. In contrast, the 24-hour buy ratio has dropped to 46.2%, suggesting that buying pressure is fading over the longer timeframe. Volume delta reflects this shift, with positive inflows of $377,725 over 1 hour and $2,007,552 over 4 hours, but a net outflow of -$15,350,278 over 24 hours. This indicates that while short-term traders are accumulating, larger flows over the day have been net sellers. The CVD at 24-hour close is -$1,997,938, confirming that selling pressure has outweighed buying pressure over the full day.
The latest daily buy ratio of 48.8% sits at the 27th percentile of the last 322 days, against a median of 50.0% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SOL, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.5%, making today's 24-hour reading of 46.2% an unusual day with lower relative buying interest. Volume compared to the weekly average is at 0.87x, indicating that trading activity is below normal levels. The coin has seen a price change of -5.1% over the past 8 days, with a total volume delta of +$9,845,985 for the period. This context suggests that while short-term momentum is mixed, the broader weekly trend has been bearish with declining volume and price.