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Solana Price Prediction: Technical Breakout Signals Major Bullish Reversal

Solana Price Prediction: Technical Breakout Signals Major Bullish Reversal

Author:
SOL News
Published:
2025-11-22 16:02:45
17
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[TRADE_PLUGIN]SOLUSDT,SOLUSDT[/TRADE_PLUGIN]

Solana (SOL) is demonstrating exceptional strength in the current cryptocurrency market environment, positioning itself as a leader in the ongoing market recovery. The digital asset has successfully reclaimed its 4-hour trend level ahead of other major cryptocurrencies, indicating a significant momentum shift that could signal the beginning of a sustained upward trajectory. Technical analysis reveals that SOL has achieved a clean breakout above the crucial short-term resistance zone between $143 and $145, with current price action trading firmly above the EMA cluster, confirming the strength of this bullish move. The most compelling technical development is the formation of a double-bottom pattern on SOL charts, a classic reversal pattern that historically precedes substantial price appreciation. This pattern formation, combined with the asset's ability to outperform its peers during mixed market conditions, suggests SOL is building strong foundations for continued growth. The double-bottom structure typically indicates that selling pressure has been exhausted at previous lows, setting the stage for a powerful upward movement as buyers regain control of the market. Market analysts are closely monitoring SOL's ability to maintain its position above key technical levels, as this could trigger further buying momentum from both retail and institutional investors. The successful breakout above the $143-$145 resistance zone now establishes this level as potential support for future price movements. Given Solana's strong fundamentals, including its high-throughput blockchain capabilities and growing ecosystem of decentralized applications, the technical breakout appears to be supported by solid underlying value propositions that could sustain the recovery momentum through 2025 and beyond.

Solana Price Prediction: SOL Leads Market Recovery with Double-Bottom Formation

Solana (SOL) is emerging as a standout performer in a mixed cryptocurrency market, showing signs of a robust recovery. The asset has reclaimed its 4-hour trend level ahead of peers, signaling potential momentum shift. Traders note a clean breakout above short-term resistance near $143–$145, with price action now trading firmly above the EMA cluster.

A double-bottom pattern is forming on SOL charts, historically a bullish reversal indicator. The current price sits at $137.46, down 2.48% over 24 hours, but market structure suggests growing buyer conviction. When solana leads such technical recoveries, it often precedes broader market rotations.

The absence of mere bouncing—instead showing meaningful level reclamation—strengthens the case for renewed bullish control. This comes after weeks of distribution pressure, with SOL's relative outperformance drawing attention from traders anticipating the next upward leg.

Solana ETFs Defy Market Slump with $476 Million Inflows Amid 30% Price Decline

Solana's spot exchange-traded funds (ETFs) continue to attract robust investor interest, amassing $476 million in net inflows over 17 consecutive days despite SOL's price plunging nearly 30% from $186 to $130. Bitwise’s BSOL ETF dominates the market, capturing 89% of total flows with $424 million, while 21Shares’ newly launched TSOL ETF enters the fray with $100 million in assets under management.

The resilience of Solana ETFs contrasts sharply with the token’s performance, underscoring institutional confidence in the blockchain’s long-term viability. Bitwise’s product recorded its third-largest single-day inflow of $35 million on November 19, signaling sustained demand even as retail sentiment wavers.

21Shares’ TSOL debuts with a competitive 21-basis-point fee structure, intensifying competition in a niche market that has collectively raised $2 billion. Analyst Eric Balchunas notes the sector’s growth reflects maturing infrastructure for altcoin investment vehicles beyond Bitcoin and Ethereum.

Solana Defies Fear With Bold 10% Surge Amid Market Turbulence

Solana's price volatility mirrors crypto's reckoning phase. The asset plunged 11% to $126.27 today, erasing $70.59B in market value. Yet its 2025 peak at $295.40 and 2020 trough at $0.5037 demonstrate characteristic resilience.

December forecasts hint at recovery potential, but current sentiment remains bleak. The Fear & Greed Index sits at 14—Extreme Fear territory—as traders navigate whipsawing conditions. Solana's 2.48% market share now tests the $96.09 support level that previously catalyzed rallies to $252.85.

Market mechanics overshadow fundamentals: exchanges like Binance and Coinbase see liquidations cascade while derivatives traders hedge exposure. 'Chains that survive compression phases emerge stronger,' observes a Bitget analyst, referencing Solana's 2023 rebound.

PUMP Token Recovers Amid Market Volatility as Fed Rate Cut Speculation Grows

Pump.fun's PUMP token has rebounded from an intraday low of $0.0026 to nearly $0.0030, demonstrating resilience despite broader market turbulence. The Solana-based meme coin launchpad continues its aggressive token burn program, permanently removing 12% of circulating supply—equivalent to $184 million in value—through fee revenue.

Market dominance remains strong at 53.5% of daily trading volumes among competitors, though recent Fed hawkishness triggered a 21% weekly decline. New York Fed President's dovish pivot today sparked a dramatic shift in rate expectations, with FedWatch odds for December cuts jumping from 41% to 70% within hours.

The protocol's burn mechanism creates artificial scarcity while regulatory uncertainty persists. Jupiter AG data confirms PUMP's lead over rivals like LetsBonk.fun, though sentiment remains fragile. Traders appear to be pricing in both the token's deflationary mechanics and potential macroeconomic tailwinds.

65+ Crypto Firms Push Trump for Clear Rules

More than 65 cryptocurrency companies, including industry heavyweights like Solana, Coinbase, and Uniswap Labs, are pressing President Trump for urgent regulatory clarity. The coalition warns that ambiguous rules risk stifling innovation and driving blockchain firms overseas.

The group's demands include simplified tax treatment—arguing staking and mining rewards should be taxed only upon sale—and exemptions for everyday crypto transactions. They seek equal treatment for blockchain projects across federal agencies, naming the Treasury, SEC, and CFTC as key entities needing policy revisions.

This push reflects growing impatience with regulatory inertia. 'The U.S. is losing its edge,' the letter states, framing clear rules as critical to maintaining leadership in the digital asset space. The Treasury Department and IRS face particular scrutiny over crypto taxation methodologies.

Coinbase Acquires Solana-Based DEX Vector.fun to Expand Trading Ecosystem

Coinbase has made a strategic MOVE into decentralized exchanges with its acquisition of Vector.fun, a Solana-based platform specializing in memecoins and social trading. The deal, expected to close by late 2025, marks Coinbase's ninth acquisition this year as it builds hybrid centralized/decentralized infrastructure.

Vector.fun's real-time bet tracking and intuitive interface will be integrated into Coinbase's app, enhancing its social trading capabilities. All 13 employees from the acquired firm will join Coinbase, preserving institutional knowledge.

The acquisition accelerates Coinbase's 'everything exchange' vision by adding Solana-based liquidity pools. While financial terms remain undisclosed, the move signals aggressive expansion in decentralized derivatives and spot markets.

|Square

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