You can also find out more about the following: Solana SOL cryptocurrency Recently, the Solana Network has seen some resistance to its $200 price tag. This is despite a number of notable developments. Solana’s (SOL), two ETFs launched this week. Bitwise BSOL went live on the Tuesday and Grayscale GSOL on the Wednesday. Although October saw a decline in the cryptocurrency market, historically November has been a period of recovery. Solana SOL could be a good investment for November, as coins are expected to rise.
Jerome Powell, Federal Reserve chairperson’s warnings on the economy may have scared investors from Solana and other cryptoassets. Powell warned that, despite the interest rate being cut by 0.5% this week he still expects slow economic growth to continue and inflation will rise. Couple that with ongoing disputes over trade, and the market is not so great for assets such as crypto. Analysts are predicting a positive trend for the Solana charts in November.
SOL is preparing for a bullish rebound after the recent drop. It found solid support around the $180–$185 range this week and is starting to bounce from there with some steady momentum. Assets could be at $190 by next week if the short-term trend continues upward. SOL is likely to pull back at $196. However, if it breaches that level, SOL could reach $200 next weekend.
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Analysts are adjusting their forecasts for SOL to reflect this bullish momentum. Per CoinCodex analysts, SOL is forecasted to rise by 5.70% and reach $ 198.56 by November 29, 2025. SOL is expected to trade between $200 and 217 by December. It could mean a 14.42% return on investment compared with the current value.
Solana (SOL), a crypto asset, is one of most durable assets on the market. The asset is expected to reach new heights when the market improves. SOL’s current price is down 34.5% compared to its previous high, $293.31. This was reached in January this year.
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Source: watcher.guru
