Finance

Solana’s SOL Surges Above $192: Will APAC Event Propel It Higher?

Solana‘s SOL token surged past $192 on increased volumes, boosted by APAC event anticipation and DePIN growth.

October 20, 2025, 9:00 AM

A colossal serpent emerges from a stormy sky above a city skyline during a stock market crash.

As the market crashed, a colossal serpent emerged from the stormy skyline, captivating onlookers with its ominous presence. By MDL.

Executive Summary

Solana’s native token, SOL, has recovered to trade above $192, supported by a rebound from ascending trendline support and a significant surge in trade volumes.

Optimism for Solana is fueled by the upcoming Accelerate APAC event in China, expected to highlight the network’s growing influence in the Asia-Pacific DePIN ecosystem.

Solana’s ecosystem trading volume climbed to $220 million on Saturday, marking the highest level since mid-January and signaling renewed trader interest and liquidity.

The Story So Far

Solana’s recent recovery and the upward trend of its native token, SOL, are largely fueled by the anticipation of the upcoming Accelerate Asia Pacific Accreditation Cooperation (APAC) event in China, which is set to highlight the network’s growing influence in the region’s Decentralized Physical Infrastructure Networks (DePIN) ecosystem, coupled with a significant surge in trading volumes indicating renewed market interest and liquidity.

Why This Matters

The significant surge in Solana’s trading volumes, reaching levels not seen since mid-January, combined with the anticipation of the Accelerate APAC event, suggests a renewed and growing investor interest and liquidity for the network. This strategic focus on the Asia-Pacific region, particularly its DePIN ecosystem, could further solidify Solana’s market position and drive continued price momentum, attracting more development and investment into its ecosystem.

Who Thinks What?

Optimism surrounding the Solana network is driven by the upcoming Accelerate APAC event in China, which is expected to highlight Solana’s growing influence and “high-quality DePIN projects” within the Asia-Pacific market.

Market participants are showing renewed interest in Solana, evidenced by a significant surge in ecosystem trading volume to $220 million, the highest level since mid-January, signaling increased liquidity and bullish sentiment.

Technical analysts observe that SOL has rebounded from its ascending trendline support and is extending its recovery above $192, with the Relative Strength Index (RSI) trending upward, suggesting dissipating bearish momentum and a potential target of the 50-day EMA at $206.09.

Solana’s native token, SOL, has extended its recovery, trading above $192 on Monday, following a rebound from ascending trendline support last week. This renewed momentum is bolstered by a significant surge in trade volumes, which have reached levels not seen since mid-January, and increasing anticipation ahead of the Accelerate Asia Pacific Accreditation Cooperation (APAC) event scheduled for Friday.

Ecosystem Developments in Asia-Pacific

Optimism surrounding the Solana network is partly attributed to the upcoming Accelerate APAC event in China, set to commence on Friday. This event is expected to underscore Solana’s growing influence within the region’s Decentralized Physical Infrastructure Networks (DePIN) ecosystem.

An official Solana social media post on Monday highlighted the potential, stating, “The Asia-Pacific market has the fertile ground to promote the development of DePIN. Solana has gathered a group of high-quality DePIN projects.” The event could provide further insights into these developments.

Surge in Trading Volume

Adding to the bullish sentiment, Solana’s ecosystem trading volume, which aggregates activity across all exchange applications on the chain, climbed to $220 million on Saturday. This marks the highest level recorded since mid-January, according to data from Santiment.

The notable increase in volume signals a renewed surge in trader interest and liquidity for Solana, providing a strong foundation for its current upward trajectory.

Technical Outlook

After experiencing a 13% decline last week and retesting its ascending trendline, SOL has rebounded, extending its recovery above the $192 mark. The token had previously faced rejection from the 50-day Exponential Moving Average (EMA) at $206.09.

The Relative Strength Index (RSI) on the daily chart currently reads 44 and is trending upward towards the neutral 50 level, indicating early signs that bearish momentum may be dissipating. A sustained recovery would likely target the 50-day EMA at $206.09. Conversely, a correction could see SOL retest the ascending trendline around $186.

Key Takeaways

The confluence of heightened market activity, driven by a significant increase in trading volumes, and strategic ecosystem developments, particularly in the Asia-Pacific region, appears to be fueling Solana’s current upward price momentum.