Solana News Today: Solana Holds at $140—Will SIMD-0411 Trigger a Recovery or Extend the Decline?
- Solana (SOL-USD) trades near $140, constrained by EMAs forming overhead resistance after breaking key support levels. - Proposed SIMD-0411 disinflation plan aims to cut emissions by $2.9B over six years, accelerating inflation reduction to 1.5% by 2029. - Institutional interest grows with $390M ETF inflows and Coinbase's Vector.Fun acquisition, despite $3M in November spot outflows. - Technical analysis shows mixed signals: RSI improvement vs. $711M unrealized losses for major holders, with $172 retest c
Solana (SOL-USD) is at a pivotal point as market participants and experts discuss its short-term direction after a sharp drop that brought the token below important technical thresholds. The price has found support around $140, which marks the lower edge of its established upward channel, but is currently capped by a dense resistance band formed by several exponential moving averages (EMAs) ranging from $153 to $182
The
Recent trading activity highlights increasing interest from institutional investors.
The next few weeks will be crucial for Solana’s outlook. A successful test of the $172 resistance or the approval of SIMD-0411 could revive bullish sentiment, while ongoing outflows or disappointing ETF performance may intensify the correction. At present, traders are divided between defending the $140 support and preparing for a rebound—though most agree that Solana’s fundamental challenges and opportunities are more closely linked than ever.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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