Solana (SOL) Under the Microscope: Volatility and Crossroads

Solana trades in a critical zone (around $142, price on 27/11/2025), facing strong resistance after a period of decline. Market sentiment has weakened, with the price hitting its lowest level in 5 months.

Current Key Factors:

Bearish Pressure: Bearish technical indicators and strong selling pressure prevail.

Solana ETFs: For the first time, the Solana ETF from 21 Shares recorded net outflows, although others (Bitwise, Grayscale) continue to see inflows. This divergence creates uncertainty.

Upbit Hack: A report of an anomalous outflow of $38.5M in the Solana network from the Upbit exchange adds uncertainty, leading to the temporary suspension of SOL deposits/withdrawals on that platform. Upbit has committed to covering all losses.

Projections: The lack of confidence and the breakdown of key supports could lead to a deeper correction, with some analyses pointing to $100. Nevertheless, long-term institutional investments inject a balance.

Despite short-term challenges and the history of failures on the network, Solana continues to stand out as one of the fastest (50k transactions/second) and most efficient blockchains. The future of SOL depends on whether it can regain confidence and break through the resistance of $145.