- Solana price today trades near $159.7, rebounding 3.4% as buyers defend the $150 support zone amid stronger network activity.
- Net outflows eased to $24.6 million, the smallest in two weeks, signaling that selling pressure may be losing momentum.
- A daily close above $172 could trigger a move toward $190–$200, while failure below $148 exposes downside toward $135.
Solana price today trades near $159.7, up 3.4% in the past 24 hours, as buyers defend key support around $150 while network momentum strengthens. The bounce follows renewed bullish commentary from Solana’s founder and minor improvement in market flows despite persistent macro uncertainty.
Solana Labs co-founder Anatoly Yakovenko reignited attention on network performance, highlighting that “in a single month, Solana does as many transactions as Ethereum does in its lifetime.” The remark, shared on X (formerly Twitter), underscores Solana’s expanding throughput advantage and comes amid renewed debate over blockchain scalability.
Despite this confidence, investors remain cautious. Broader crypto risk sentiment remains tied to U.S. monetary policy developments, with traders awaiting clarity on a potential December rate cut from the Federal Reserve. Until confirmation, most altcoins, including Solana, remain reactive rather than trend-driven.
Spot Outflows Ease After Weeks Of Selling
According to Coinglass, Solana recorded $24.6 million in net outflows on November 12, marking the smallest single-day outflow in over two weeks. The moderation signals that selling pressure may be easing, though inflows have yet to return consistently.
Cumulative data still shows sustained distribution across exchanges since late October, aligning with price weakness. However, the recent slowdown in outflows suggests that sellers may be losing momentum, particularly near the $150–$155 range, which has repeatedly acted as a structural floor since June.
Technical Setup: Solana Attempts Recovery From Support Zone
On the daily chart, Solana remains within a descending channel since the September peak near $275. Price recently rebounded from the horizontal support region between $148 and $152, where previous consolidations triggered strong upward reversals.
The Parabolic SAR has flipped below price at $172.4, suggesting early bullish signals, while the 20-day EMA ($172.4) and 50-day EMA ($186.8) remain the next immediate resistance barriers. A close above the 20-EMA could attract technical buyers aiming for the upper boundary near $190–$200, aligning with the 100-day EMA.
Momentum indicators reflect stabilization rather than full recovery. RSI has turned upward from neutral zones, showing renewed buyer activity but without overbought pressure. Sustained closes above $160 would confirm a shift in short-term sentiment.
Outlook. Will Solana Go Up?
Solana’s near-term outlook depends on how price behaves around the $150–$160 pivot.
- Bullish case: A strong daily close above $172 backed by improving flows could trigger an advance toward $190–$200, confirming a short-term reversal and a break in momentum from the downtrend.
- Bearish case: Losing $148 would confirm a fresh lower low, targeting $138–$135 as the next demand zone.
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