Solana continues to remain one of the strongest performers among top altcoins, maintaining solid momentum in early November 2025.
With increasing developer activity and a robust DeFi ecosystem, SOL has become a leading blockchain platform for scalable and fast transactions. Despite minor volatility, market sentiment for Solana remains optimistic.
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Solana Next Target
- Price: $157.35
- Market Cap: $87.1 billion
- 24-Hour Trading Volume: $5.55 billion
- Circulating Supply: 552.7 million SOL
- Total Supply: 613.4 million SOL
Following a bearish breakout from Rising Wedge, price has also broken below the 200 SMA and $175 support, which could signal onset of Downtrend. It is getting oversold (RSI < 30), hence, we could see some recovery near-term.
On the positive note, Solana Spot ETFs have launched with decent inflows ($200M in first week) and there have been several Solana-focused Treasury companies buying SOL.
Most recently, Forward Industries seeks to raise additional $4B for its Solana-Focused Treasury. That’s on top of the $1.6B they’ve spent to acquire 6.8M SOL. Currently, 15.8M SOL tokens have been acquired by SOL-focused Treasury companies. That’s 3% of supply.
Key Indicators & Market Signals
- Solana trades comfortably above key support near $150, with resistance around $165.
- RSI indicates neutral momentum, showing balanced buying and selling pressure.
- If SOL breaks above $165, the next potential upside targets are $175 and $185.
- On-chain data shows steady transaction volumes and strong staking participation.
Latest News Highlights
- Solana network continues to expand with new DeFi and gaming integrations.
- Increased institutional interest seen as Solana sustains higher liquidity levels.
- Developers have announced several ecosystem upgrades to enhance scalability and reliability.
Summary
Solana (SOL) is trading at $157.35 with a market cap of $87.1 billion. Strong ecosystem growth and consistent transaction volumes continue to position Solana as one of the most promising blockchain networks in the crypto market. Analysts expect potential upside if bullish momentum continues above the $165 resistance level.
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