Solana continues to face strong downside pressure after weeks of heavy selling. The asset trades at $141, sitting far below its recent $200 level.
SOL dropped 40% over the past year, 26% over the past month, and 12% over the past week. It gained about 6% in the past 24 hours, showing a small recovery bounce.
This bounce brings some relief, but the chart still shows a clear downtrend, and traders now watch the key levels that must break before SOL can shift direction.
While high-cap tokens like SOL struggle to find a bottom, smart investors are pivoting toward utility-focused projects that stay strong even during market volatility. Best Wallet (BEST) is quickly becoming the best crypto to buy in this environment.
Source – Cryptonews YouTube Channel
Solana Price Prediction
Solana pushed through several strong support zones that held in the past, showing how aggressive the recent selloff has become. This drop created a steep and extended downtrend on the daily chart.
Traders now wait for a new structure to form because SOL sits in an oversold zone and the price looks stretched to the downside. Setups like this often trigger sharp pullbacks when short sellers take profit and long traders step in.
The main level to watch is the descending trendline that has guided the entire move lower. SOL reacted to this line many times, first as support and later as strong resistance. If SOL reclaims this trendline and retests it cleanly, traders will look for a push toward higher levels.
A gap sits between the trendline and the 21 EMA, giving about 7% upside. A futures trade with 10x leverage could produce strong gains if the market lines up.
Indicators also show room for a reversal. The stochastic oscillator sits near the bottom, giving the market space to move up. Money flow has trended down for a long time, and a bounce from these levels often signals a shift in momentum.
Downside pressure now looks close to exhaustion, and when this happens during oversold conditions, traders begin to position for reversal plays.
The plan stays simple: SOL must reclaim the descending trendline and confirm it with a clean retest. That move can open the door for a run back toward the 21 EMA, which offers about 7% upside and works well for a short-term swing trade.
Traders also watch Bitcoin closely because SOL often follows BTC’s direction. A bounce in Bitcoin could give Solana the strength it needs to complete the move.
New Solana ETFs Ignite Institutional Demand While Bitcoin and Ethereum See Major Outflows
Aside from its bullish chart pattern, Solana now benefits from major headlines that could push SOL to new highs.
Two major Solana spot ETFs are going live today, marking an important milestone for the Solana ecosystem and its growing presence in traditional finance.
Fidelity launched its own Solana spot ETF, bringing one of the world’s largest asset managers into the SOL market and showing strong institutional confidence in the blockchain.
At the same time, Canary Marinade debuted its Solana-backed ETF, which includes staking directly inside the product, a feature rarely seen in ETF structures.
With both funds offering direct exposure to SOL and new yield opportunities, these launches strengthen Solana’s position as one of the fastest-growing assets in crypto. The market’s reaction already shows a shift in investor behavior.
Bitcoin ETFs recorded $254.51 million in outflows, and Ethereum ETFs saw another $182.80 million move out, reflecting heavy selling pressure for the top two digital assets.
Meanwhile, Solana stood out as the only major asset with positive momentum, securing an $8.26 million inflow into its newly launched ETFs. This contrast shows that investors pulled capital from BTC and ETH but continued to move money into Solana.
This rotation demonstrates rising demand from both institutional and mainstream investors and highlights growing confidence in SOL’s technology and long-term potential, even during broader market weakness.
As institutions pour into Solana for its strong utility and infrastructure, Best Wallet (BEST) is emerging as the best crypto to buy within the critical user-facing infrastructure sector.
Best Wallet Presale Surges as Solana Users Flock to the Multi-Chain Web3 App
Best Wallet already works as a non-custodial mobile wallet on both Android and iOS. It supports thousands of assets across more than 50 blockchains, including Bitcoin, Ethereum, and Solana.
The app focuses on a clean mobile experience with biometric login and multi-wallet support, making it a daily Web3 tool instead of just another place to store crypto.
Best Wallet uses Fireblocks MPC-CMP security to give people full control of their assets without dealing with seed phrases. Its built-in Best DEX compares prices across more than 200 decentralized exchanges and over 50 chains.
The upcoming Best Card will let users spend BTC, ETH, and other coins anywhere cards work and earn cashback on every purchase.
The $BEST token powers the entire system. It gives trading discounts, higher staking rewards, voting rights for new chain integrations, and early access to curated presales through the Upcoming Tokens section inside the app.
Reports show that nearly half a million people already use the app, giving the token a strong starting audience.
The Best Wallet Token presale now enters its final stretch, ending on November 28 with only 9 days left. The presale dashboard shows $BEST priced at $0.025965. The raise recently passed $17 million, a large amount for a wallet-infrastructure project, and new buyers continue to join.
Crypto analyst Borch Crypto recently reviewed the project on YouTube and called $BEST one of the best cryptos to buy now.
Anyone who buys $BEST during the presale can stake instantly, earning 76% APY. Future perks also include up to 8% cashback through the upcoming Best Card.
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