Solana News Today: Solana Holds the Line at $150: Institutional Trust Remains as User Engagement Declines

Solana (SOL) has slipped beneath the crucial $165 threshold, signaling a notable breach of technical support and heightening worries about potential further losses. As of November 11, the token hovered around $150, representing a drop of almost 10% from its recent peak above $188, according to a

.

This decline comes after a 30% reduction in active

users during the third quarter of 2025, reflecting a slowdown in blockchain engagement despite ongoing enhancements designed to increase transaction throughput to 1 million per second, as highlighted in a . Technical signals point to significant support at $155 and $150, while resistance is concentrated in the $165–$166 range. Should SOL fail to reclaim $166, analysts suggest a retest of the $150 support area could follow, according to multiple .

Despite this, institutional interest remains strong. US spot Solana ETFs saw net inflows of $9.7 million on November 6, marking a seventh consecutive day of positive flows, as reported by

. More than $420 million in new institutional investments entered Solana-related products in early November, bolstering confidence in its long-term prospects despite recent volatility, according to the . Open interest in futures also climbed 3.47% to reach $7.8 billion, indicating renewed optimism among traders, per the .

Nevertheless, liquidity issues remain. The stablecoin market cap on Solana dropped 8.16% over the week to $13.816 billion, pointing to shrinking network liquidity, as detailed in the FXStreet report. Total Value Locked (TVL) fell to $10.215 billion, yet DeFi trading volumes exceeded $5.1 billion, surpassing those on

and Chain, according to the . This contrast highlights the vulnerability of Solana's ecosystem expansion as investors shift capital in response to uncertain macroeconomic trends.

Technical outlooks remain cautious. The Relative Strength Index (RSI) is close to oversold at 33.58, while the Moving Average Convergence Divergence (MACD) continues to signal bearish momentum, suggesting persistent selling pressure, as mentioned in the Crypto.news report. A move above $166 is considered crucial for reversing the current downtrend, with potential targets between $172 and $177 if achieved, according to the FXStreet report. On the other hand, a drop below $150 could send the price toward $145, where further support may be found, per the TradingView analysis.

Solana's co-founder is leading network upgrades to tackle scalability issues, but their effectiveness has yet to be proven in real market scenarios, as noted in the TradingView analysis. Meanwhile, Solana's underperformance compared to the broader crypto market—trailing the CoinDesk 5 Index by 1.42%—shows the token is facing specific selling pressure. The CoinDesk report also highlights the breakdown in technical support.