Solana spot volume jumps to heating state as SOL price falls toward $100

Solana ‘s spot trading volume has shifted to a “heating” phase for the first time in approximately six months, just as SOL’s price is retreating. Recent market activity reveals increased volumes coinciding with a drop in SOL’s price, drawing renewed attention to key support levels. A daily bubble map tracking Solana spot volume now shows red bubbles, a significant departure from the consistent green readings recorded since December. The appearance of red bubbles indicates periods when trading volume exceeds the baseline for that day, with no explicit connection to price direction. Over the past six months, volume mostly cooled or remained neutral as SOL’s value gradually moved lower. Between December and early June, SOL declined from about $150 to the low $80s, yet volume did not experience any pronounced spikes.

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