November marked a significant milestone for Solana. The trading volume on decentralized exchanges (DEX) in its network exceeded $100 billion. The network also achieved another milestone with over 11 billion transactions, highlighting its speed and growing adoption.

Currently, SOL is trading at $240.77, reflecting a 2.58% decline over the last 24 hours. After reaching $267 earlier this month, traders are now wondering if the rally will resume or if further corrections are ahead.

Can Solana Maintain Key Price Levels?
SOL’s price remains strong despite recent declines. Bollinger Bands show key resistance at $267.68 and critical support at $225.11. The Relative Strength Index (RSI) stands at 71.67, indicating consolidation after being in overbought territory. A break below $225 could push the price down to $182.53.
However, if SOL holds the $225 level, it could pave the way for further growth toward $267. This price zone is likely to determine the next significant move. Current signals suggest a period of consolidation rather than a sharp reversal. Buyers could re-enter to boost momentum if the support level holds.
Optimism and Growth Drive SOL’s Future
Solana’s progress extends beyond its price. Developer activity remains steady at 20.81, highlighting a long-term commitment to network growth. This consistency underscores a solid foundation for the ecosystem’s expansion. Trader confidence also remains high.
On November 25, $10.47 million worth of long positions were liquidated, compared to $1.17 million in short positions. This indicates that most market participants expect SOL to recover and retest its previous highs. Surpassing $100 billion in DEX trading volume reflects Solana’s increasing influence in the decentralized finance space.
Conclusion: Key Support to Define Next Steps
Strong adoption and ongoing development provide Solana with a robust foundation for future success. If the price holds $225 as support, we could see growth back to $267 or higher. Conversely, failing to maintain this level could lead to deeper corrections. Overall, stable growth and bullish sentiment suggest that Solana is well-positioned for further gains.

#solonapumping , #Solana_Blockchain , #SolanaStrong , #Cryptocurrencies , #CryptoNewss

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Pump.fun, rising as a meme-launching platform, raises market concerns due to its live stream content.

Pump.fun, a meme token launch platform, has experienced extraordinary growth in user numbers and protocol revenue amid the booming meme token market. Data reveals that Pump.fun generated $5.31 million in revenue within 24 hours, ranking second in daily income after USDT issuer Tether.

Since March, Pump.fun has seen a steady rise in user activity. To date, the platform has accumulated over $250 million in revenue and deployed more than 3.8 million tokens, with growth trends continuing upward.

Attention Economy Sparks Chaos
Pump.fun’s live streaming feature, launched in August, has recently surged in popularity. While this blockchain-based live streaming model has drawn substantial user participation and generated significant economic benefits, it has also fostered chaos within the ecosystem.
Meme tokens, as a hallmark of the attention economy, have exacerbated the situation. Many projects employ controversial tactics to quickly garner attention, raising concerns from regulators over legality and ethical boundaries.

To boost attention and drive token valuations, Pump.fun’s live streams have reportedly featured violent, disturbing, and explicit content. Growing numbers of users have called for the platform to disable its live streaming functionality, stating that the situation is spiraling out of control.
Pump.fun Disables Live Streaming Feature
Pump.fun addressed the controversy in a community announcement, reaffirming its commitment to curbing inappropriate activities. The platform has taken actions such as removing non-compliant token images, names, descriptions, and comments, as well as flagging NSFW content, to maintain a safe and respectful environment.
Pump.fun noted unprecedented growth on its platform, with daily live streams increasing over 100-fold in under a week. Hundreds of streams are being removed daily to ensure the content remains safe and compliant.
To guarantee absolute user safety, Pump.fun has indefinitely suspended its live streaming functionality until its moderation infrastructure is equipped to handle high levels of activity. Moving forward, the platform plans to publish clear guidelines to make its rules and regulations more transparent and to provide creators and users with greater visibility into moderation decisions. These efforts aim to ensure that all stakeholders understand the processes and outcomes, fostering a more trustworthy and secure community.

#memelauncher #pumpfun #SolanaStrong