Solana Holds $157 Amid ETF Inflows & Treasury Buying

Solana’s current trading pattern reveals a complex technical picture. Following a bearish breakout from a Rising Wedge formation, the price has broken below both the 200 Simple Moving Average and the crucial $175 support level, potentially signaling the onset of a downtrend. However, the Relative Strength Index (RSI) reading below 30 indicates the asset is becoming oversold, suggesting potential for near-term recovery. The cryptocurrency currently trades comfortably above key support near $150, with resistance forming around $165.

Market analysts are closely watching the $165 resistance level, noting that a decisive break above this threshold could trigger moves toward $175 and $185 targets. The neutral RSI momentum reflects balanced buying and selling pressure, while on-chain data continues to show steady transaction volumes and strong staking participation. Despite minor volatility, market sentiment for Solana remains optimistic as the network maintains solid momentum in early November 2025.

Significant institutional interest is providing substantial support for Solana’s market position. The recently launched Solana Spot ETFs have attracted $200 million in inflows during their first week of trading, demonstrating strong institutional appetite. This development comes alongside growing treasury acquisitions by companies specifically focused on SOL accumulation. Forward Industries has emerged as a major player, having spent $1.6 billion to acquire 6.8 million SOL tokens and now seeking to raise an additional $4 billion for its Solana-focused treasury.

Currently, SOL-focused treasury companies collectively hold 15.8 million tokens, representing approximately 3% of the total circulating supply of 552.7 million SOL. This concentrated institutional buying provides a strong foundation for price stability and reflects growing confidence in Solana’s long-term prospects. The increased institutional interest coincides with Solana sustaining higher liquidity levels, further strengthening its market position among leading blockchain platforms.

Solana’s fundamental strength continues to be driven by expanding developer activity and a robust DeFi ecosystem. The network is seeing continuous expansion with new DeFi and gaming integrations, while developers have announced several ecosystem upgrades aimed at enhancing scalability and reliability. This growth solidifies Solana’s position as a leading blockchain platform for scalable and fast transactions, with strong ecosystem growth and consistent transaction volumes supporting its market valuation.

Broader regulatory developments are also shaping the cryptocurrency landscape. The SEC’s approval of in-kind creation and redemption for crypto ETPs marks a significant step forward for institutional crypto adoption. Internationally, Kazakhstan is considering establishing a national crypto reserve, while the Central African Republic is working toward establishing a legal crypto framework. These developments occur alongside notable funding rounds in the sector, including former Meta employees raising $200 million for blockchain startup Aptos, indicating continued venture interest in scalable blockchain solutions.