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Ahmed Balaha
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Solana’s price seems to have hit a wall around that $200 level. Every time it approaches and tries to break through, it ends up pulling back.
This doesn’t really have much to do with the way the network works, because Solana did really well. Stablecoins on the network just reached a new all-time high of $16.25 billion.
It looks more like broader market conditions are holding SOL back. Even with the launch of the Bitwise Solana Staking ETF (BSOL) earlier this week pulling in $116 million in just two sessions, the price has yet to push through that ceiling.
That said, the technical setup is still interesting. If Solana can maintain its current support and build momentum, it could finally challenge the bearish market mood.
Can Solana Price Hit $300 in November? The Support Level Will Decide
SOL looks like it’s gearing up for a clean bullish comeback after that recent dump. It has found solid support around the $180-$185 range and is starting to bounce from there with steady momentum.
The short-term trend is turning to the upside, and the white projection shows a healthy pullback before targeting the $196 area, where some resistance could hit.
If SOL can stay above $185 and push to $196, the next big target is around $205. The RSI is near 65, showing that the momentum is growing.
SOL looks set for a breakout phase, just needs that solid move above 196 to clear the way to 205 and beyond.
Maxi Doge defies the Memecoin bear market and shines as the next big thing
As traders watch Solana struggle to break through key resistance, the spotlight in the meme world is moving towards Maxi Doge, the latest memecoin to take over the Ethereum network.
Maxi Doge is not your average meme coin. It is built on Ethereum with a focus on long-term growth, combining the energy of classic memes with real staking rewards and strong liquidity support.
The pre-sale of the project has already raised more than 3.84 million dollars, which shows serious initial demand from both retail investors and whales.
What makes people excited is the 79% APY staking reward system, giving holders the opportunity to earn while waiting for the next big move. With Ethereum heating up again, Maxi Doge is perfectly positioned to ride that wave and lead the next meme coin race.
Visit the official website here
