Solana holds $120 support as daily trend remains intact
Solana (SOL)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Solana is trading at $119.3, marking a 3.8% gain over the last session with a traded volume of approximately $5.5 billion. This volume exceeds the previous session’s reading by 27%, indicating heightened activity. The token sits above the 20, 50 and 200-period exponential moving averages located at $108.70, $99.32 and $91.67 respectively. This configuration reflects a market where buyers maintain structural control without showing signs of imminent exhaustion on the higher timeframe.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 25 September 2026. Not the outlet's figures.
Solana is currently trading at $117.04, with a 1-hour buy ratio of 60.8% and a 4-hour buy ratio of 55.9%, both significantly higher than the 24-hour buy ratio of 49.8%. This divergence suggests that buying pressure is building in the short term, even as the daily average hovers near even. The volume delta shows a net inflow of +$1,728,930 over the last hour and +$9,990,459 over the last four hours, contrasting with a net outflow of -$1,165,775 over the past 24 hours. A positive volume delta indicates that buy volume exceeds sell volume, signaling aggressive accumulation by spot traders. Conversely, the negative 24-hour delta implies that over the full day, sellers have slightly outweighed buyers despite the recent short-term surge.
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 50.2%, making today's 24-hour ratio of 49.8% nearly identical, with a difference of just -0.4 points. Volume for the latest day was 0.83x the weekly average, indicating a lighter trading day compared to the typical week. While there were 4 days of net buying out of 7 in the past week, the current 24-hour period shows a net outflow, contrasting with the 8-day total volume delta of +$24,420,543. The price has risen 15.2% over the last 8 days, but today's volume is notably lower than the weekly norm. This suggests that while the trend remains positive, the intensity of buying has moderated compared to the broader weekly average.