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Solana’s Latest Rally: Should You Consider Purchasing SOL Now?

Solana’s Latest Rally: Should You Consider Purchasing SOL Now?

Bitget-RWA2025/11/23 00:44
By:Bitget-RWA

- Solana's 2025 surge stems from Firedancer/Alpenglow upgrades, 32.7% Q3 DeFi TVL growth to $11.5B, and institutional partnerships like Coinbase's Vector acquisition. - Price correction to $140 creates strategic entry points, with technical analysis highlighting $124 support and $150 breakout potential ahead of Fidelity's ETF launch. - Institutional confidence persists via Forward Industries' $201M SOL deposit and 6.82% staking yields, despite 85% decline in active wallets to 1.7M by November 2025. - Netwo

Solana (SOL) has positioned itself as one of the most vibrant cryptocurrencies in late 2025, propelled by a mix of significant technical enhancements, increasing DeFi traction, and pivotal institutional collaborations. As the platform readies for substantial upgrades such as Firedancer and Alpenglow, market participants are considering if the ongoing price pullback offers a chance to benefit from future expansion. This review explores both fundamental and technical drivers to assess whether this is an opportune moment to invest in .

Fundamental Catalysts: Network Upgrades and Ecosystem Growth

Solana’s technological progress is anchored by its Firedancer and Alpenglow developments, which

and minimize latency through enhanced validator synchronization. Created by Jump Crypto, these improvements are vital for Solana to maintain its lead in scalability, especially as and other Layer 1 networks grapple with congestion.

The ecosystem’s expansion is further highlighted by DeFi adoption statistics.

in Q3 2025, climbing to $11.5 billion. Platforms such as (with $2.8 billion TVL) and Jupiter ($2.6 billion TVL) have fueled this growth, while , indicating improved monetization of network usage. Institutional involvement is also on the rise: from digital assets in Q3 2025, utilizing staking and validator services.

Strategic alliances are broadening Solana’s influence.

, an onchain trading platform built on Solana, is anticipated to boost liquidity and accessibility for tokens. Likewise, allows for nearly instant USDT/USDC transfers with minimal fees. These moves reflect a broader trend of institutional endorsement, including for its Solana spot ETF, marking increased acceptance in mainstream finance.

Technical Analysis: Price Action and Key Levels

Despite these strong fundamentals,

, hovering near $140 after a 26% drop over the month. Yet, technical signals point to a possible recovery. The coin is shaping a falling wedge formation, with crucial support at $124. Should this level remain intact, buyers might target a 29% rally toward $220.

Current price action reveals a critical range between $144 and $150.

toward the 200-day EMA at $185 and the psychological $200 mark. On the other hand, to a thinly traded area, possibly testing $120.

On-chain data provides further insight.

in September 2024 to 1.7 million by November 2025, institutional engagement remains strong. Forward Industries, the largest holder of SOL reserves, transferred 1.443 million SOL to Coinbase Prime, valued at $201.34 million. This, along with a 6.82% annualized staking yield, highlights sustained institutional trust.

Market Dynamics and Institutional Moves

The interaction between network advancements and market events is influencing short-term trends.

and enhance validator efficiency, tackling a major network vulnerability. At the same time, reflects confidence in a price rebound, while , could drive both retail and institutional investment.

Actionable Insights for Investors

For those considering an investment, the current landscape offers a high-risk, high-reward opportunity. The bullish outlook depends on Solana maintaining support between $124 and $144 and surpassing $150, which could confirm the falling wedge and attract ETF-related buying. In contrast, a bearish view would see a break below $144, possibly leading to further losses toward $120.

Long-term investors might look for entries on pullbacks to the $124–$130 range, aligning with wedge support and the 200-day EMA. Profit-taking could be considered at $175–$185, where resistance and the 200-day EMA meet. Short-term traders may set limit orders above $150, aiming to benefit from ETF-driven momentum and optimism around network upgrades.

Conclusion

Solana’s recent momentum is fueled by groundbreaking network improvements, strong DeFi expansion, and growing institutional alliances. While on-chain activity has slowed, the project’s core fundamentals remain solid, and technical analysis points to a possible bounce from major support zones. Ultimately, whether to invest in SOL depends on one’s risk appetite and belief in the network’s future. With Firedancer and Alpenglow nearing launch and Fidelity’s ETF set to arrive, this could be a timely entry point—but only for those ready to handle the market’s volatility.

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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.

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- Fed's 2025 policy uncertainty, including delayed rate cuts and QT reversal, amplified Solana's price volatility amid macroeconomic risks. - U.S. Solana ETFs and institutional staking partnerships boosted capital inflows, leveraging SOL's 3,800 TPS capacity and DeFi growth. - Regulatory clarity via GENIUS Act and stablecoin alignment strengthened institutional confidence in Solana's compliance frameworks. - Fed's 2026 QE shift could drive liquidity to Solana's DeFi ecosystem, though inflation risks remain

Bitget-RWA2025/11/23 00:44