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.

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