Solana News Today: Solana Holds the Line at $150: Institutional Trust Remains as User Engagement Declines
Solana (SOL) has slipped beneath the crucial $165 threshold, signaling a notable breach of technical support and heightening worries about potential further losses. As of November 11, the token hovered around $150, representing a drop of almost 10% from its recent peak above $188, according to a
This decline comes after a 30% reduction in active
Despite this, institutional interest remains strong. US spot Solana ETFs saw net inflows of $9.7 million on November 6, marking a seventh consecutive day of positive flows, as reported by
Nevertheless, liquidity issues remain. The stablecoin market cap on Solana dropped 8.16% over the week to $13.816 billion, pointing to shrinking network liquidity, as detailed in the FXStreet report. Total Value Locked (TVL) fell to $10.215 billion, yet DeFi trading volumes exceeded $5.1 billion, surpassing those on
Technical outlooks remain cautious. The Relative Strength Index (RSI) is close to oversold at 33.58, while the Moving Average Convergence Divergence (MACD) continues to signal bearish momentum, suggesting persistent selling pressure, as mentioned in the Crypto.news report. A move above $166 is considered crucial for reversing the current downtrend, with potential targets between $172 and $177 if achieved, according to the FXStreet report. On the other hand, a drop below $150 could send the price toward $145, where further support may be found, per the TradingView analysis.
Solana's co-founder is leading network upgrades to tackle scalability issues, but their effectiveness has yet to be proven in real market scenarios, as noted in the TradingView analysis. Meanwhile, Solana's underperformance compared to the broader crypto market—trailing the CoinDesk 5 Index by 1.42%—shows the token is facing specific selling pressure. The CoinDesk report also highlights the breakdown in technical support.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trust Wallet Token (TWT) Price Forecast: Ushering in a New Chapter for Decentralized Finance?
- Trust Wallet Token (TWT) surged to $1.6 in October 2025, doubling from June lows, driven by strategic integrations and institutional partnerships. - TWT's reimagined utility model, including Trust Premium loyalty rewards and Onramper fiat-onboarding, boosted real-world adoption in emerging markets. - Institutional interest grew via RWA tokenization (e.g., U.S. Treasury bonds) and ZKsync privacy integrations, while Q3 2025 data showed $330M market cap and $11M daily volume. - Analysts project $5.13 (2025)
HBAR's ETF Surge Contrasts with Institutional Sell-Off as Token Drops 2.1%
- HBAR fell 2.1% to $0.1837 as a 95% volume surge signaled institutional selling pressure, breaking key resistance near $0.1940. - Canary Capital's first U.S. HBAR ETF (HBR) launched October 28, 2025, aiming to boost institutional access despite recent price weakness. - Technical indicators show bearish structure with critical support at $0.1831, suggesting further downside risk if consolidation fails. - While Hedera's enterprise blockchain infrastructure remains stable, macroeconomic pressures and regulat
Buffett Prefers Entrusting His Wealth to Family Rather Than Directing Philanthropy After His Passing
- Warren Buffett accelerates $150B estate distribution via family foundations, allocating $500M annually to four charities. - Shifts from Giving Pledge model to direct family stewardship, donating 2.7M Berkshire shares worth $1.35B to children's foundations. - Retirement as Berkshire CEO in 2025 and admission of past philanthropy's "infeasibility" highlight pragmatic approach to wealth transfer. - Strategy reflects broader trend toward decentralized giving, challenging traditional pledge frameworks with 9/
Ethereum Updates: $36B DeFi Outflow Highlights Security and Governance Issues Threatening Ethereum
- DeFi's total value locked (TVL) fell $36B in weeks, with Ethereum losing 13% to $74.2B amid security breaches and waning institutional interest. - High-profile exploits like Balancer's $120M hack exposed DeFi vulnerabilities, while Ethereum's price languished near $3,600 with $2,600 support at risk. - Positive signals include Tron's Justin Sun staking $154M ETH and Lido DAO's $10M token buyback, reflecting growing staking demand and confidence. - Analysts predict Ethereum could break out in 2026 due to r
Trending news
MoreCrypto prices
More
