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Solana News Today: Solana Faces Key Price Challenge: Can Strong Fundamentals Ignite a Bull Rally?

Solana News Today: Solana Faces Key Price Challenge: Can Strong Fundamentals Ignite a Bull Rally?

Bitget-RWA2025/11/22 10:44
By:Bitget-RWA

- Solana shows reversal signals via wallet growth and partnerships expanding real-world crypto utility. - Mastercard's Solflare debit card and 21shares' Solana ETF highlight institutional adoption amid 83% developer growth. - Latin American expansion through MiniPay's local payment integration boosts Solana's low-cost settlement appeal. - Price remains pressured near $125-$130 support, with mixed forecasts predicting 10-30% rebounds by 2025-2026. - Fear & Greed Index at 11 (Extreme Fear) contrasts RSI neut

Solana Hints at Market Turnaround as Wallet Numbers Surge

The

blockchain is beginning to display indications of a possible shift in market direction, fueled by a rapid increase in new wallets and key collaborations that are boosting its practical applications. Recent milestones, such as the introduction of a self-custody debit card, advanced infrastructure for institutions, and rising use in developing regions, point to growing momentum for the network as the crypto sector moves toward deeper integration.

Solflare’s collaboration with

to introduce Solana’s first self-custody debit card represents a significant advancement in connecting digital assets with conventional banking. This card, which is available in the UK and across the European Economic Area, enables users to while maintaining ownership of their private keys. This step reflects a wider movement of institutional engagement, as seen with 21shares’ recent launch of the Solana ETF (TSOL) in the United States. The ETF, part of the company’s growing suite of crypto investment products, in 2024, positioning the blockchain as a robust foundation for AI applications and decentralized systems.

Solana News Today: Solana Faces Key Price Challenge: Can Strong Fundamentals Ignite a Bull Rally? image 0

MiniPay, a stablecoin wallet operating on

, has broadened Solana’s presence in Latin America by incorporating instant payment options such as PIX and Mercado Pago. The wallet’s “Pay like a local” function lets users convert USD₮ to local currencies in real time, in the area. This growth highlights Solana’s strengths as a fast, affordable settlement platform, especially in regions where conventional banking is less developed.

Despite these advancements, Solana’s price continues to face downward pressure. Technical indicators show weakening support in the $125–$130 range, and traders are monitoring inflows into

ETFs and institutional interest to assess the asset’s near-term direction . For the longer term, the outlook remains cautiously positive. CoinCodex forecasts a 10.83% increase to $141.45 by December 2025, with some projections suggesting a 30% gain for those holding until April 2026 .

The Fear & Greed Index, now at 11 (Extreme Fear), signals strong bearish sentiment, though the RSI’s neutral stance indicates the possibility of stabilization

. Experts point out that if Solana can sustain a move above $135, it could spark a relief rally, while falling below key support could lead to further losses.

With more than 115,000 users on Solflare’s waiting list and 21shares’ ETF set to draw institutional funds, Solana’s ecosystem seems ready to benefit from evolving market trends. Still, whether these strong fundamentals will lead to a lasting bull run depends on the network’s ability to keep its price above crucial levels. As Bitcoin investors and institutions increasingly look for assets with real-world applications, Solana’s combination of scalability and practical use could be a deciding factor in the months ahead.

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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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