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Solana News Today: Solana Holds at $140—Will SIMD-0411 Trigger a Recovery or Extend the Decline?

Solana News Today: Solana Holds at $140—Will SIMD-0411 Trigger a Recovery or Extend the Decline?

Bitget-RWA2025/11/22 23:20
By:Bitget-RWA

- 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

. Technical experts note that unless Solana can reclaim the 20-day EMA or move above $153, the bearish trend may persist. At the same time, , as the Relative Strength Index (RSI) indicates stronger momentum and spot demand is rising, with open interest climbing 5% to reach $7.3 billion.

The

ecosystem is also experiencing a significant economic transformation. A proposed change—SIMD-0411—aims to double the annual disinflation rate from 15% to 30%, which would reduce projected SOL issuance by $2.9 billion over six years . Supporters believe this adjustment would help Solana reach a 1.5% terminal inflation rate by 2029, ahead of the original 2032 target, and ease ongoing selling pressure. Although staking rewards are expected to drop sharply—from 6.41% to 2.42% by the third year—proponents argue this is essential to bring Solana’s tokenomics closer to the scarcity models of and .

Recent trading activity highlights increasing interest from institutional investors.

in futures open interest, and total ETF inflows have reached $390 million, fueled by expectations of upcoming Solana ETF products. This trend matches the broader growth of the ecosystem, such as Coinbase’s acquisition of Vector.Fun, a meme-coin trading platform centered on Solana . This acquisition reflects confidence in Solana’s high-capacity network, which in decentralized exchange transactions in 2025. Nevertheless, some hurdles remain: spot outflows persisted in mid-November, with $3 million leaving the network on November 20, continuing a distribution trend that started in July .

Solana News Today: Solana Holds at $140—Will SIMD-0411 Trigger a Recovery or Extend the Decline? image 0
Forecasts for Solana’s price are divided. A V-shaped pattern on the four-hour chart hints at a possible surge toward $170–$200 if the 20-day EMA at $160 remains intact . Past rebounds from the $130 support level—which previously led to gains of 80%–100%—add to the optimism . However, technical signals urge caution: the RSI is still below neutral on daily timeframes, and large holders such as Forward Industries on 6.83 million SOL acquired at $232 each.

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.

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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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