Solana's Price Faces Key Test Amid Intensifying DeFi Competition

Solana (SOL) is facing intense competition in decentralized finance (DeFi), and its price has been testing an important technical zone.

The SOL token recently defended the high-USD 90 region, recording a weekly low near USD 98.63 before recovering above USD 100.

A sustained break below this area could expose lower support levels, but Solana's DeFi ecosystem remains stable with total value locked (TVL) at approximately USD 5.914 billion as of September 18, according to DeFiLlama.

Despite recent price volatility, liquidity remains broadly around the same range, and decentralized-exchange volume increased 7.8% to USD 17.3 billion during September 7-13.