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Solana moved back above the $80 level in April 2026, trading at $83.15 after a period of consolidation. The token rose 1.39% over the past 24 hours, while trading volume reached $6.37 billion and market capitalization stood at $47.63 billion. The recovery came as SoFi launched an enterprise banking platform tied to Solana-based settlement support.
At the same time, the network’s 30-day DEX volume dropped to $55.5 billion, its lowest level since September 2024. The mix of price recovery and weaker on-chain activity has put Solana back in focus. Can the token hold its rebound as network trading slows?
Solana’s return above $80 marked a clear shift after it rebounded from a reversal zone. The move followed recent consolidation and brought short-term support and resistance levels back into view.
Analyst BitGuru pointed to the rebound as a sign of resilience. The analyst identified $80 as the key support zone that now shapes Solana’s near-term path.
If that level holds, Solana could push toward $85. If it breaks lower, the current recovery may stall and leave the token under fresh pressure.
Even with the rebound, Solana remains below several major moving averages. The 20-day moving average sits at $85.78, while the 50-day moving average stands at $87.88.
The broader resistance structure extends higher. The 100-day moving average is at $104.02, and the 200-day moving average stands at $138.86. Momentum indicators still show a cautious picture. The Relative Strength Index reads 43.04, which remains below 50 and points to restrained buying activity.
The MACD also remains in negative territory. It stands at -1.56 and stays below its signal line at -0.86, showing that sellers still hold an advantage unless momentum strengthens.
Meanwhile, SoFi Technologies introduced Big Business Banking, an enterprise-focused platform launched under its nationally chartered bank structure. The company said the service allows institutions to hold deposits, move funds, and settle transactions around the clock using both fiat and digital assets.
Solana is expected to be one of the blockchain networks supporting that system. SoFi also said the platform will include mint-and-burn functionality for SoFiUSD, allowing regulated conversion between fiat and on-chain assets.
Initial participants include Cumberland, BitGo, Wintermute, Galaxy, Jupiter, and Mastercard. The rollout linked a new institutional use case to Solana at a time when on-chain trading activity had started to cool.
Over the last 30 days, Solana’s DEX volume fell to $55.5 billion. That marked the network’s lowest level since September 2024. Network fees also dropped 42% over the same period.
Even so, Solana remained the largest chain by DEX volume. Ethereum posted $40.9 billion, while Binance Smart Chain recorded $31.3 billion. Elsewhere, Ethereum’s DEX market share rose from 33% in January to 42% in March, 2026, helped by its Layer-2 ecosystem. That shift came as Solana’s retail-driven on-chain activity slowed from its highs in February 2026.
Read More: SOL Slides After Drift Hack as SoFi Launches 24/7 Banking
Solana's price moved back above $80 as SoFi introduced enterprise banking support tied to the network. Even so, falling DEX volume and weak momentum indicators showed that recovery still faced pressure. The next move depends on whether SOL can hold support and challenge nearby resistance levels.
