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Sol price stabilized around $130! Positive catalysts are starting to emerge!

Anatoly 2025-11-24 05:00 24251人围观 SOL

Solana price stabilized around $130 on the morning of November 18, limiting losses to 1.5% as global crypto markets opened lower. Traders are cautiously positioning themselves ahead of the high-stakes U.S. Congressional vote on Nov. 18, as political tensi
Solana price stabilized around $130 on the morning of November 18, limiting losses to 1.5% as global crypto markets opened lower. Traders are cautiously positioning themselves ahead of a high-stakes U.S. Congressional vote on Nov. 18, as political tensions escalate as accusations against President Trump continue to mount, including the ongoing investigation into Jeffery Epstein.

Positive catalysts are beginning to emerge for Solana


On November 17, Fidelity Investment Company, which manages $6.4 trillion in assets, submitted a Form 8A application for the Solana Spot ETF to the U.S. Securities and Exchange Commission. This application represents the final administrative step that is typically submitted immediately before the product begins trading. Historically, ETF listing activity typically occurs within 24 hours of 8A filings, suggesting a fund debut from Fidelity, whose Bitcoin and Ethereum spot ETFs currently hold $11.9 billion and $2.5 billion respectively, is likely to be imminent.


Fidelity joins Bitwise (BSOL) and Grayscale (GSOL), which received approval for their Solana ETF late last month. At press time, BSOL held $357.8 million in SOL, while GSOL managed $24.4 million. Neither ETF has reported a single day of outflows since trading began on Oct. 29, as big investors chose to take advantage of Solana's attractive yields amid recent market turmoil. On the other hand, community tracker Solana Floor reports that Pump.fun's historical total revenue exceeds $900 million. The token generation platform, launched in January 2024, has created viral projects like Fartcoin, Moo, and Peanut the Squirrel, each of which reached a billion-dollar market cap within months of launch.

Momentum weakens but buyers seek to re-enter the zone



Solana is trading at $130, with the price still well below the 50-week SMA of $176.55, which was a key rejection point throughout October. A recovery above this level would mark the first sign that bulls are re-accelerating. Using $226 as a base, the Parabolic SAR is showing well above Solana’s current price, confirming that momentum remains clearly negative on the weekly time frame.
The current RSI is 38.41, which is close to oversold levels, but still above extreme conditions. The Bull-Short Power Indicator (BBP) is at negative 79.77, indicating selling pressure consistent with the final stages of the weekly decline. If Fidelity accelerates corporate inflows, SOL could rally back to $150. However, if political risks weigh on the market further on the November 18 vote, the $120 bottom could be tested again. Conversely, a decisive regain of $150 would neutralize the bearish momentum and put SOL price on track to retest the 100-week SMA at $164.71, followed by the 50-week SMA at $176.55

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